Replies to post #146042 on ajtj99's Market Pulse

[hunkerdown]

Yeah aj looks like everyone is ready for something...

frieds in low places think if we don`t resolve to the downside within a few days then poss...



There is still one aspect that could be quite bullish. The 90 day cycle, if started at the day the 60 cycle expired then the 45 day expiration was exact on a low. This can leave the 90 day cycle intact and project a move up of 90 calendars days out to early June. That is just a probability and not a certainty. This also makes the resistance for the drive at 892 and the turning point not until Saturday and puts the 60 cycle out to Wednesday. A protective stop would be marginally above that 892 price level. If there is going to be a top from this pattern of trend this should be it. If this is a 90 day leg the 60 day cycle will end up either a high for a first degree counter trend down (3 or 4 days) or the low of a first degree counter trend. But for now the “reality” on the chart is indicating a probability for a top.