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S&P 500
5,304.72
(
0.70%
)
US TECH 100
18,318.00
(
0.95%
)
Dow Jones
39,069.59
(
0.01%
)
Brent Oil
81.97
(
0.00%
)
Bitcoin
69,127.03
(
0.87%
)
Post# of 51788
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techcharter

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techcharter

Re: techcharter post# 46463

Sunday, 12/18/2011 2:43:31 PM

Sunday, December 18, 2011 2:43:31 PM

Post# of 51788
Near Term Top Forming

I've updated my 50 day INDU projections based on spectral analysis. The tops and bottoms in the markets occur before turning points in the projection by 5 to 10 days. The last projection indicated a top on Friday the 16th, 5 days after the actual market top. The projection indicates a near term top on Friday the 23rd, so the likelihood of downside next week from the close on Friday the 16th is pretty strong.

E-waves show multiple degrees of 1-2 have completed. Both structural (e-waves) and spectral techniques are singing the same song.
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