Saturday, August 11, 2007

SPX Blueprint - More In Depth

Here is a close up of the blueprint I had spoken of earlier.

This calls for an early rally on Monday which should complete that up leg.

Look for strong resistance at 1467, 1472 and 1475. 1472-1475 being the most logical.

From there you can see that the clear direction is down.

August 24th remains the most logical day for the low.



5 comments:

Unknown said...

Hi.

Can you explain how you get August 24th for the lowest in the market?

Thanks,

Currents of Emotion said...

Hi Canoramix,

Thanks for the comment.

I can do one better than just explain how I get the August 24th level.

I will do an entire educational module on time projections.

I will give you a hint though. August 24th is a confluence of time series.

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