The New CS Board

[dindindon]

10/01/14 Misc

SPX bounces off 1941.72 vs. 0.382 @1940.99 (highlighted in green color in this chart)

SPX intraday low: 1941.72
- frame No. 2: 0.382 @ 1940.99
- critical support 1936.38-1938.32

DJI intraday low: 16776.13 vs. projected 16770
- short term critical support 16720 (16710-16770)

09/26/14 SPX/DJI check points

[A] SPX
short term bear gauge: 1992.24-1982.21
short term critical support: 1936.38-1938.32, (1938.85, wave 1.500)

[B] DJI
short term critical support 16720 (16710-16770)

wrote earlier:

Review:
09/19/14: A real time Alert: We are getting closer to see the beginning of the BIG flush that may last 6/7 months, from a minimum 6 Trading Day away, 23 TD, to maximum 77 TD. In a realistic way, it is from any time now.

08/01/14: I came out two dates: 08/22 +/- & 09/18 +/- , don't know which one will dominate, it could be a nested zone. (to be elaborated when transpires)

After the real time Alert, SPX commenced the long awaited pullback, it cut through the 50 SMA. Meanwhile DJI showed more than 200 points daily fluctuations. Can we say indices has started the beginning of the BIG downward flush ?

There are two technical evidence to say that Index is about to see the long awaited large pullbacks:

(1) Major index marked ATH & reversed quickly on 09/19, one day late than the projected 09/18 time stamp.

(2) The Fibonacci Time Zone ratio is very close to 1.382 between the two green colored bull zone ( in the bottom chart). More precisely speaking, the ratio is 744/543 = 1.368, A perfect 1.382 would be on 09/29-30, for such a large time frame, just a handful of trading days deviation is considered a good fit.





Discussions:
Usually, there are cascading short cycle harmonics before and after a dominant cycle, These harmonics are signals to validate the dominant cycle but not necessary has to show up; We got a low 1904.78 on 08/07/14, We may see another short cycle harmonics on 09/29-30, or 10/22-23. as long as the coming short cycle harmonic is either a secondary Low, or a lower Higher that will corroborate a formative high has been reached, presumably it was the peak on 09/19. The coming 09/29-30 time slot seems too close to the 09/19 Peak, it could be more logical to see a secondary Low or Lower-High on 10/22-23. No one knows for sure, be mindful. It is still too soon to draw the conclusion. How to trade is the state of ART at each trader’s own discretionary judgments.