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.



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5 comments:

  1. UnknownAugust 12, 2007 at 12:20 PM

    Hi.

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

    Thanks,

    ReplyDelete
  2. Currents of EmotionAugust 12, 2007 at 7:05 PM

    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.

    ReplyDelete
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