The 99 cal days up, 56 down or 155 low to low is interesting even when it doesn't work and is only for panic years.
In 2007 AFTER the panic low (March to August) low 155 cal from low to low, the SPX crashed UP or blowoff for 56 days!
The decline this year has been 99 days!
So the numbers seem to have meaning even when not the NORMAL pattern.
Last night is a little strange. It gave a few pos signals but others got worse. Summation and bull percent and Laundry's confidence signals went more negative.
The big pattern is 3's within a wedge on SPX and can corrective BUT expanding tops normally bearish after completion.
The 5 wave is either complete OR wave E is part completed (as per red).
mitta's - shortening of the thrust - wednesday, page-5
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
8,374.0 |
Change
73.800(0.89%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,300.2 | 8,446.4 | 8,300.2 |
| XJO (ASX) Chart |