Friday, December 06, 2013 5:13:46 PM
Closing Bell Reports:
Monday morning a 60 min high is due (that will likely be delayed since the 60 min is in an extended P2), also Monday morning a 60 min P1 will be due and Monday afternoon a 60 min low is projected, the current projected low is 1785.4, if that low is reached that will put the Daily below it's LTL, so the Daily will likely be back into P1 on Tuesday. The Weekly P1 has been now moved to the week of Dec 20th, because if the Daily does go back into P1, the projected low is currently at 1746.13, which puts the Weekly below it's UTL, that opens the door for a possible Weekly P1. With the Weekly low now projected for the week of Jan 10th, the Weekly will likely be in a P2 in Feb, so the Monthly P1 has been moved to March, with a Monthly low projected for June. I still don't see this developing into a Bear market next year.
Monday morning a 60 min high is due (that will likely be delayed since the 60 min is in an extended P2), also Monday morning a 60 min P1 will be due and Monday afternoon a 60 min low is projected, the current projected low is 1785.4, if that low is reached that will put the Daily below it's LTL, so the Daily will likely be back into P1 on Tuesday. The Weekly P1 has been now moved to the week of Dec 20th, because if the Daily does go back into P1, the projected low is currently at 1746.13, which puts the Weekly below it's UTL, that opens the door for a possible Weekly P1. With the Weekly low now projected for the week of Jan 10th, the Weekly will likely be in a P2 in Feb, so the Monthly P1 has been moved to March, with a Monthly low projected for June. I still don't see this developing into a Bear market next year.
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."
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