XJO 0.81% 7,971.6 s&p/asx 200

wednesday trading, page-75

  1. 17,444 Posts.
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    tigga

    Cycles don't change and I don't expect any change.

    The only factor is that the various lows are spread which gives less drive into any one time period.

    That means there will be various low points but it makes it hard to determine which is the lowest low.

    Todays action was very predictable. Monday night the US had a shocker but we mostly rallied from a poor start yesterday because we figured last night would be a bounce.

    And so it was but just your usual 38%-62% amount and in fact in the lower range.

    So of course we now anticipate that as being just your typical mini B wave and C will arrive tonight.

    Indeed it might but will still "probably" be a completion and tomorrow here may be the low as per the 7th leg of an Armstrong cycle as displayed.

    Of course if the just goes up then there will be a huge scramble.
 
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