Replies to post #157 on TRADING the SPX using Hurst and Elliott

[Neo Tape]

Since the late August Lows, we have had 5 corrections lasting 1-2 trading days....they are as follows (approximate)

8/31 low = 24+ SPX points
9/23 low = 26- SPX points
10/4 low = 25+ SPX points
10/19 low = 26- SPX points
10/27 low = 24+ SPX points

The Gann Rules for a real CIT (Change in Trend) to down is the decline should last longer than 2 TD and must exceed the largest decline which was that 26 SPX points.

So far the SPX has surpassed the 2 TD and 26 point RULE which means the trend has officially turned to down and you should no longer heavily buy dips, but instead sell rallies.

Bottom line is I plan to AGGRESSIVELY short any rally that appears next week based on the Gann trend and my X-wave count.