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Mr. BachNut wrote:
We have gotten quite close to the minimum target for this NYMO down cycle, but I am inclined not to say close enough.
Reaching target does not rule out further downside; the model just says the index should go down at least this far.
Grumbles. The low of the day now is only 42 cents from target (1982.99 vs. 1982.57).
Less than half a point I figure may be "close enough."
Doesn't change much except odds for downside lose some edge and a box can be checked for a cycle low to appear down the road.
fehro wrote:SPX 60m... bulls trying to keep the bull flag in tact
This is exactly, what is happening! Staying in the channel for a bull flag. I wonder if we will get to the bottom of your projection today! Will you be so kind as to update this for us? Thank you!
fehro wrote:SPX 60m... bulls trying to keep the bull flag in tact
This is exactly, what is happening! Staying in the channel for a bull flag. I wonder if we will get to the bottom of your projection today! Will you be so kind as to update this for us? Thank you!
SPX 15m.. two lines where the bears may attack.. orange (messy) red (clean)
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Last edited by fehro on Wed Sep 10, 2014 12:23 pm, edited 1 time in total.
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I consider H&S bottom target met. need see more bars before calling the next.
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