Tuesday, March 15, 2011
Review Intraday Price, Times and Cycles for 3/15/11
Review “Intraday 5 min CIT (Change in Trend) Times (1st chart) are the red vertical lines 3/15/11: 9.50, 12.25, 1.50, 2.40, 3.00 pm Eastern”
Actual: 9.55H, 12.30H, 1.50L, 2.55L, 3.05L Most of the 5 min CITs were solid hits
Review: “Intraday Cycle are the Cyan lines: 10.00H, 11.00L, 12.30H, 2.15-2.30L, 3.20-50H
Tuesday’s bias is a 10.00 cycle High at the 9.50 CIT, decline to a 11.00 cycle Low+/-30, rally to a12.30 cycle High at the 12.25 CIT, decline to 2.15-30 Cycle Low at the 2.40 CIT and rally to a 3.20-50 Cycle High at the 3.00 CIT.”
Actual: 9.40LOD, 9.55H, 11.15L, 12.30H, 2.25L, 3.45HOD The intraday cycle was followed near perfection.
Solar Price Support/Resistance are the pink horizontal lines: 1261, 1277-, 1279, 1281-, 1297, 1315, 1324, 1333 June/Mar SP
Actual: 1261 June SP Solar Price was support for the sharp decline we rallied to 1281 June SP Solar Price Resistance
From this morning's update to subs: "The current Bias is we make a 3/15 at Open = Low of the day"
Actual: Stock Markets saw a hard Gap Down -34 SP’s and as expected was the actual Low of the day at the Open at 1261.12 SPX, right at Solar price support at 1261 and rallied the rest of the day into the last hour 3.45 HOD at 1288.46 SPX, just as the intraday cycle suggested, still closing lower -14.52 SP’s at 1281.87 SPX on increased volume. If you were aggressive and bought the Open LOD as suggested at 1261 and held it into the close, you would be up +20 SP’s X $50/SP on the emini = $1000 profit for the day. (That would equal to close to a 1 year subscription of the Raj T&C Daily Emails) If you didn’t buy the Open, then not to worry, there will be plenty of opportunities in the future.
Posted by Raj Time and Cycles at 1:32 PM