With my gratitude to The Creator
Financial Markets are probably making some participants dizzy due the moves, the markets are making. Though mostly downward trend since Monday. However, the markets are failing to make definite lower low. I would consider a lower low, when S&P closes below 1,220, with solid bar, not with a Doji daily candlestick. Yesterday was a lowest low since Monday, but it is lacking that commitment and strength to head lower.
One thing to note and watch out for ……that sell-off usually starts in the later part of the day.
Prudence strategy requires, that we wait for the markets to show us their definite trend development and keep our stops tight and close, to protect the risk capital. Please see the attached chart for the elaboration!
Sometimes, the Time Cycles, create a pause, which is sideway move. Actually sideway move satisfies a certain qualification for the change in trend, (a change which does not occur). What happens is that most of buyers and sellers get tired during this side-way move of the Financial Markets. And the time it spends in sideway move is considered to satisfy the Time Cycles’ requirement. So if a time cycle was supposed to create a change in trend for 7 days (or 5 trading bars), then a side-way move for 5 trading bar just satisfies that.
http://trade-in-harmony.blogspot.com/
looks like a rolling topping process to me.
Pardon, cycles I noted are heliocentric.
Jim
I agree, today is a very significant day. I follow a very well reputed and published Gann author who's 15* syndic cycle of Saturn Uranus corresponds today. If you counted back in that cycle you'd find 'hits' on 3/6/09, 7/2/07, 10/14/02, 3/21/01, 10/24/87. And, of course, Uranus completes 360 degrees in late January, thus causing many cycles to re phase to that cycle. From now until late January, should be rocky. And then we'll know the new direction of the great Uranus cycle.
Thanks for sharing your fine work, Jim
Mr Syed how to interpret todays closing.
Its in zone that you show us on chart, does it mean that we need to wait till tomorrow or consider it now as a break up and resumption of uptrend ?
Thanks everyone
Actually, based upon these astro cycles, I believe that we have more upside in the markets.
After a reasonable sell-off (between now and Jan first week), we are going up into March and probably into June 2011.
Remain Blessed