I'm very thankful to the ppl who post on this thread for sharing...

  1. 4,155 Posts.
    I'm very thankful to the ppl who post on this thread for sharing the results of labour which I can and do incorporate into my own analysis to get better results. Cheers folks.

    I'm very focussed on the S&P500 and what's around this bend in the river up ahead and ever mindful of the 135 days from low after a 90 day run up. If it sets up as a recognizable lower high (as against the 11 June high) I'll be pulling my canoe over to the river's edge and getting out tvm.

    Today is 120 from low - I'm counting 7 March as day 1.

    McLaren has in the past often referred to that set up (90 day run up and then lower high at 135) as a "crash cycle" (see 87 crash cycle). I'm stating it in simple terms as best I can. Our high was 97 days from low but that high being off a the mark by a week is softened by fact the index was trading around the level of the high at 90 days. Precise hits suggest a higher probability of the same outcome as before.

    The set up for that from here I guess would be ideally a creeping trend or struggle up for a lower high around 19 July and then a steep drop off from there (give or take a day or so but a spot on hit would be preferable). I guess there's plenty of time for a new swing low and then creep up or even a burst up to the 19th but how we trade up to that date is what I'm focussed on.

    Cheers Chris.
 
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