Wednesday, July 19, 2017 11:45:25 AM
Average Number of Cycles Between Phases Report.
This report shows the average # of cycles between each phase (example: a 60-S-1 averages 2 60 min P1 phases before the next 60-S-1 is confirmed, a 60-SC-1 averages 12 60 min P1 phases before the next 60-SC-1 is confirmed), this report also shows the record # of cycles between phases, as well as the due date, current projected range & current status of each phase. Looking at this report you can easily identify the strength of the market at each level (60 min, Daily, Weekly, Monthly & Bull/Bear), the purple in the “Current # of Cycles Since Last Phase” column indicates a phase that is breaking new records, which would be an indication that, that phase is WAY OVERDUE, but doesn’t necessarily mean that it will get confirmed anytime soon, depending on the level it is at. A Weekly W-SC-1 phase can be overdue for many years, whereas a 60 min 60-S-1 will likely only be overdue for a few days.
Right now at the 60 min level the 60-1 & 60-S-2 are overdue according to this report. At the Daily level the D-SC-1 remains WAY OVERDUE, followed by the D-2, D-SC-2, D-E-1, & D-E-2 (which will likely be confirmed today at the close). At the Weekly level the W-SC-1 remains WAY OVERDUE, followed by the W-2. At the Monthly level the M-E-1 & M-1 are overdue, and at the Bull/Bear level the Bear-E-1 is overdue. So as you can see there are a lot of large P1’s overdue according to this report. The ones I would be most concerned about is at the Daily & Weekly levels.
This report shows the average # of cycles between each phase (example: a 60-S-1 averages 2 60 min P1 phases before the next 60-S-1 is confirmed, a 60-SC-1 averages 12 60 min P1 phases before the next 60-SC-1 is confirmed), this report also shows the record # of cycles between phases, as well as the due date, current projected range & current status of each phase. Looking at this report you can easily identify the strength of the market at each level (60 min, Daily, Weekly, Monthly & Bull/Bear), the purple in the “Current # of Cycles Since Last Phase” column indicates a phase that is breaking new records, which would be an indication that, that phase is WAY OVERDUE, but doesn’t necessarily mean that it will get confirmed anytime soon, depending on the level it is at. A Weekly W-SC-1 phase can be overdue for many years, whereas a 60 min 60-S-1 will likely only be overdue for a few days.
Right now at the 60 min level the 60-1 & 60-S-2 are overdue according to this report. At the Daily level the D-SC-1 remains WAY OVERDUE, followed by the D-2, D-SC-2, D-E-1, & D-E-2 (which will likely be confirmed today at the close). At the Weekly level the W-SC-1 remains WAY OVERDUE, followed by the W-2. At the Monthly level the M-E-1 & M-1 are overdue, and at the Bull/Bear level the Bear-E-1 is overdue. So as you can see there are a lot of large P1’s overdue according to this report. The ones I would be most concerned about is at the Daily & Weekly levels.
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