I guess when we think a low is in or near we look for many darts to land in the bulls eye ?????????????
I dont get many darts landing on the PRICE aspect of friday's low on SPI and as for TIME if we are creating history here there will be nothing thats stand out to give the obvious low clues. If you proclaim friday as the low do so with mandatory STOPS. ( im long but i know the risk )
Gut says we are not there yet, and last weeks price action is really pushing me to a firm December low. If we get some sort of rally to this friday 17th(even sideways), then we will be lower into the period from 18 November to 18 December.
Heres some stuff to think about
- Gann 1x2 Line 458 low March 03 suggests 3700ish ( close to Gann 458 number 3664)
- Weekly not oversold yet
- 87 Crash low NOV and 07 high 50% retrace is 3967 ( friday 3961)
- Gann 144 square date coming up 24 Oct
- Dates left for me this year 17 Oct,18th Nov and Dec
- 138 Days Oct high to March low ------ 138 days May high to 10 Oct low
- 60 days in between March low and May high ----- 10 Oct low forward 60 days gives 10th Dec
I again bring up the monthly chart and i question us all to really think , is charting this simple ??????
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