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.
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:
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?
Yes it is possibility it was the 10/18 High. I still see at least a spillover decline into Monday 10/22
Hi Ian,
Do you think the markets have peaked long term and we will see a sizeable correction from here?
Hi Ian,
Do you think the markets have peaked long term and we will see a sizeable correction from here?
Seems to be much more than a spillover into 10/22.
The 10/19 CIT was confirmed the 10/18 3rd lower High.
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