Friday, October 19, 2012

10/19 Quick Update

From my last post: http://timeandcycles.blogspot.com/2012/10/1017-high-and-wedge-target-acheived.html. We were looking for an 10/12 triple CIT Low, a sharp rally into 10/17 High and from there, "we should make a decline into the next geometric CIT due on 10/19. There is an hourly CIT due in the last hour of Friday 10/19"


Actual: We are seeing the expected decline into 10/19 geometric CIT. 

What's next: If we decline into the last hour today, we could see a spillover decline into Monday 10/22.

6 comments:

Unknown said...

Any chance the 10/19 Geometric CIT was actually the 10/18 High on the SPX? Thanks.

P.S. Why does my name come up as Unknown. How do I change my profile?

Raj Time and Cycles said...

Yes it is possibility it was the 10/18 High. I still see at least a spillover decline into Monday 10/22

Gaurav Gupta said...

Hi Ian,

Do you think the markets have peaked long term and we will see a sizeable correction from here?

Gaurav Gupta said...

Hi Ian,

Do you think the markets have peaked long term and we will see a sizeable correction from here?

Unknown said...

Seems to be much more than a spillover into 10/22.

Raj Time and Cycles said...

The 10/19 CIT was confirmed the 10/18 3rd lower High.