Now that I have everyone pissed off, I'll give you a little secret.
Today was a Fun day for s/t bears, For those that need help look at the symmetry the market has shown since the Oct Low.
We had a sym trade this fall that made a killing for us. I mentioned sym trade 4-5 times, WHAMMO what a beautiful thing.
There's a bit of code talk here, I'm not just giving out the answer some are looking for.
The first correction was expected at 4500-ish we went over by 50 so 4550-ish and corrected 200 points. ,.
The next target was 4800 and we expected another correction, so far about 225 points. The timing bands says this is the 2nd of 3 corrective bands within a 3 wave down leg of an IT cycle.. for wave IV
Assume we have a 50 point rebound this week that would give us 4625, but a 3rd leg is still coming another 200?? points down, possibly but 3rd are usually the short leg in a multi week correction within an overall bull. if so it bottoms around 4425-4475.
If you look at a daily chart there's a crap load of support near 4500 or the original peak before any corrective activity worth talking about was expected to happen.
You can use FIB#s and extensions but they don't work as well as symmetry. And always use futures numbers, than convert to cash price if you want more accuracy.
This part you have to figure out yourself. If you use time symmetry you' come damn close to when the timing cycles say the next big pivot hits. Lets see if anyone can find it..
Symmetry,and algrebra can give you 80% of the answers,. .
This is not how I do projections but a "kind of barnyard way" to do it. You'll find it works close enough for typical investing as to when it's time to add to longs.
You can use the same info, reversed to find when the next top should hit after the downside is for certain done. i
that'll be $50
No one should be allowed to spend 30 or 40 years in government.
