Hello Jeffrey
today we had a classic volume
reversal
i can not go into detail(propriety)
the statistical probability we made a low
is better than 80%
congratulations to Jaolsa5 for pointing today as
a low
and to Francis for pointing out yesterday as
low
Also to Sergey
and to the cycle club software
now please, that does NOT mean we are out of the
woods
it ONLY mean a dead cat bounce to
1325-1350
which should be used to AGGRESSIVELY
short
as volume now points to 1050 in 4-8
weeks
nice week end
Ben
----- Original Message -----
Sent: Friday, June 27, 2008 8:40
PM
Subject: [TimeandCycles] JUN 27
analysis
Monday's call: Yesterday we gave two scenarios for today's trading,
neither of which was particularly prescient. The 1293.81 target did not
print in the preferred time frame and gets added to the list.
The
enclosed picture is of a 120 minute chart. The bar marked by the yellow
arrow pointing down shows the start of a sequential buy signal. The bar by
the white 9 is the last bar of set-up. The blue numbers up to 13 show the
signal has triggered. A TD combo buy signal (not shown by numbers) has
triggered as well. On a 60 minute chart, we have a 9/13/9 sequential buy
signal.
The yellow, purple and white Fibonacci grids show multiple
Fib support at today's low. (Focus on one color at a time and it is not as
busy as it seems.)
Thus numerous patterns show major support at
today's low accompanied by major buy signals on long term charts. Monday
should be up and probably up big. A failure of support at today's low would
be disastrous for the bulls.
Longer term, today's action practically
ensured that the year's low would break at some time.
Personal to
mmb: Please post this on avid for me. Thanks
Jeff