The New CS Board

[Oddlot]

After spending the AM asking what happened and what does it mean, best answer is that a)the projected cross of CMA216 and the price chart is approx 2895. The mkt has just started the upper half of the 216day cycle; b) the obj for the move, using CMA19 to smooth the price low, is: 2895-2640=255; 255+2895=3150. To this must be added an allowance for short term noise and the DPO(18) has std dev of 41pts (sum of both sides); c) DPO will be more than zero and likely less than 82, so the expected high is 3150-3232.

I am through with the short side until prices exceed 3100, and then only if shorter term trendlines are broken.


Next cyclic low is the 72day in 3-4weeks, hopefully near 2900.


Oddlot