Monday, March 19, 2012 12:58:05 AM
SPY intraday/Bradley turndate
March 16 was a "major" Bradley turndate, with the next one in mid summer. If valid, either the velocity of this upmove will increase(seems unlikely), or we will top and decline for awhile. There are cyclic reasons to call a major low early April, but nothing else has worked out so that call is suspect.
The CCI for 5/10/20 day cycles have all given sell signals. The stochrsi for 10/20 day cycles have not confirmed, and this indicator usually is ahead and not behind. IF stochrsi will join the party, and the TL from the 5day MA is broken, I would say that the Bradley top is in place for whatever period it lasts.
March 16 was a "major" Bradley turndate, with the next one in mid summer. If valid, either the velocity of this upmove will increase(seems unlikely), or we will top and decline for awhile. There are cyclic reasons to call a major low early April, but nothing else has worked out so that call is suspect.
The CCI for 5/10/20 day cycles have all given sell signals. The stochrsi for 10/20 day cycles have not confirmed, and this indicator usually is ahead and not behind. IF stochrsi will join the party, and the TL from the 5day MA is broken, I would say that the Bradley top is in place for whatever period it lasts.
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