"So far the 2/29 MC High and 2/29 geometric and Apex CIT (Change in Trend) still stands.
There is a 3/3 Solar CIT that is ideally a lower retest High today. We should now at least see a multi week decline begin."
The 2/29 Master Cycle High was a Bulls-eye Hit. We got a final confirmation with today's decline that 2/29 was the High for this move. The wedge formation suggests a sharp decline. First major support to overcome is 1337-40 SPX, the 2/10-15 swing low.
Take a look at Gann360's chart (click on chart to enlarge, you can follow "Gann360" on Twitter), who is a member of our T&C forum:
This is the symmetry point:
6/20/2010:
1. +471 CD = 10/4/11L, -471 CD = 3/6/09L
2. +619 CD = 2/29/12H ,-618 CD = 10/10/08L
3. +678 CD = 8/11/08H, -678 CD = 4/28/12 High/Low?
6/20/2010:
1. +471 CD = 10/4/11L, -471 CD = 3/6/09L
2. +619 CD = 2/29/12H ,-618 CD = 10/10/08L
3. +678 CD = 8/11/08H, -678 CD = 4/28/12 High/Low?
9 comments:
Thanks Raj,
I have been following Gann360, very sharp time and price vybrations
was this violent snap back predicted by your cycle(s)?
basically took back the entire dropout
outlook?
thanks
Every cycle timer I have checked has called the top of this market and yet EVERY single one has got this market completely WRONG.
Hi Steve and beetlejuice,
I was looking for a mere ABC correction from the 2/29 Highs before we continue to rally.
We are now in a B wave rally, with a C wave decline to come.
Wait a sec, what about your previous article on the 120 year mega crash wave?
So now you are saying new highs after the ABC is complete?
Very conflicting.
so this B wave CAN NOT exceed the feb 29 high is that correct?
Beetlejuice,
The 120 year crash cycle is just one cycle of the many cycles I watch, it is not the most dominant right now.
I believe 2012 should be a choppy, volatile year, but I have many reasons to believe 2012 will end positive.
Steve, yes, that would be the ideal situation.
so what now?
Steve, I still think we are in a B wave rally, albeit an Irregular B wave.
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