CHARTS_CCI_SYSTEM

[northam43]

Rcks - I would have liked to see the 60 min Phase 1 last at least 4 or 5 hours and then back up to put the Daily back in Phase 2.

Now it's looking like the 60 min is headed back to Phase 1 and we likely close in the Phase 1, so that makes a Daily Phase 1 confirmation almost certain and the Weekly Phase 1 is at this point nailed down.

So now that we know the Weekly correction has indeed been underway, the question is how long does it last?

The Weekly price is currently above the LTL, that indicates a short Weekly Phase 1 of one or two weeks.

If the 60 min Phase 1 closes in it's 3rd hour and above it's LTL, that would be almost half of an average 60 min Phase 1, and closing above it's LTL would give it a good chance of going into Phase 2 Monday morning and if the Daily & Weekly are above their LTL Monday morning, we could have an almost perfect alignment with a coordinated 60 min/Daily/Weekly Phase 2, that could be a huge green day of possibly 30 pts or more. This could look like the 12/28/2012 to 1/2/2013 period, that was the last Weekly Phase 2 start.