monday mayhem, page-4

Listen here debono, lol, I am thinking of copywriting "reversally", and that will be it, or at least 1c a repeat.

Don't bother sending a cheque till you get it up to a thousand bucks.

I am somewhat fearful the reversal may not come but being fearful is normal for me.

As per 1989 and my repeat scenario (albeit a month ahead), I would like to see a May 29ish higher low but I can't imagine it.

An ABC pullback could take more time than I envisage and that really is SPI 3550 or Jaolsa's SPX 800 or a little lower.

SPI 3550 would present as a flat based broadening top and have the potential on a lower break to drop another 300 pts lower.

My call for a 50% bounce last night to 3807 or half of the exact 100 pt pullback (SYCOM included)looked good for a long time but was eventually exceeded by 4 pts.

For the record my dynamic bands for Monday are:-

Daily 3708-3782-3842
Weekly 3585-3721-3903
Monthly 3174-3493-3883

The middle figures are the midpoints and are as significant as the upper and lower extremes.

I have some shorts on but won't be adamantly fixed on them.

We have a perfect set up for a pullback based on time and price and weekly momentum, but if it decides that it doesn't want to oblige then the result can be a surge higher.

I have long since tried to tell the market how to behave.