re: october highs and jc retro
Bugger you!
I hate people with long memories, lol.
That date wasn't my most important on its own but there was other evidence to reinforce it.
XJO and SPI seem to have a slight difference, so last time we got a XJO low a couple of days before the SPI low.
For XJO it seems to be Friday +/- a day and SPI Tuesday +/- a day.
It doesn't leave much time for anything decent I realise.
I always need to remember that lows are what markets move up from not what they go down into.
In the past I have been caught by expecting a good pullback when sometimes it is a stall and then accelleration.
This is because bigger cycles are at work.
So those dates may be a pause that refreshes or they may be just a step down in a bigger fall.
Not trying to cop out, but cycles need to match the indicators and moving averages to create a perfect storm.
I was expecting more serious downside action here and it is still possible but time is running out.
The one caveat I did have was that '06 years tend to have May/June lows and then rally hard into Sep the following year.
This is still an option.
I guess I am waffling.
I better prepare my bum for a kicking!
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