Replies to post #34376 on New Trading Systems - Think Tank

[northam43]

Wrong as usual.

Since the 60 min projected low was hit, it's very possible that a Daily Phase 1 will be confirmed tomorrow. The Daily projected low is 1372.46, if that gets hit then a Weekly Phase 1 is likely next week.

Right now the current Daily Phase 2 has lasted 16 trading days, and gained 95.24 pts, the average is 9 trading days and 64 pts, so the Daily is due for a correction as well as the 60 min.

The last time the Weekly confirmed a Phase 2 the 60 min and Daily were in extended Phase 2's and the market dropped 51.15 pts from the Daily high.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=82345064

If that happens this time it will take the SPX to 1387.59

[Spinner1]

That is not the correct understanding of what he said.