The New CS Board

[dindindon]

04/10/14 summary

>> 04/04
>> zone 1 - (1845.71-1816.12), gauge for zone 2 1785.29
>> zone 2 - (1788.24-1746.83)
>>
>> 04/07
>> IF all indices can hold their monthly supports:
>> (DJI 16200-16240, SPX 1826-1836) respectively
>> for the next 3 trading days (04/07-04/09)
>> it might still have chance for the DJI & SPX rally
>> to new highs 16,810 +/-, 1903 +/- in early-May

The testing on monthly supports was one day late.
imho, DJI is clear, for SPX, there is no perfect signal
for making a black & white judgment.
Here is a summary for bearish scenario:

 
 (1) DJI retested the prior high (12/31) on 04/04 but failed to 
      close above it says the prior high is solid. 
      When it closes below March low 16046.99 that 
      suggests more drops to follow. 
 (2) NDX peaked on 03/06 @ 3738.32 
 (3) An intermediate & intervening low next week would 
      initiate a lower high in early-May, 
      after that, more serious drop could take place. 
       >> 03/19 
       >> The projected peak in May (05/12 +/-) is very important 
       >> for the long term consequence, the judgment will base on  
       >> if it is a lower high (<= 1903.59) or new high. (>=1944.65) 
  (4) A tentative intermediate low projection based on latest data 
        for S&P is 1812.74-1789.90 
        will discuss the possibility for zone 2 
        zone 2 - (1788.24-1746.83)