Sunday, March 4, 2012

A Hard look, maybe = caution

First let me say I'm not bearish as of yet.
Second I do have a 144TDH coming in days.
Seems everyone is looking for March as a high?

I show a right translation chart that I hope will be the out come of any pullback.


On this EW chart I have my cycles looking for a high and I put the yellow ball hoping the high will come after the trade days hits.( right translation)
Currently we are over bought. That Happened on 2-29-12 at 9:55am a blue day. The next blue days are
3-8, 3-12, 3-16, and would think we get an over sold reading at 9:55 on one or all those days. Note the 16th is OE.
From that OS I would look for a OB pullback in May as marked.


Currently I have several popular moving averages not telling much.
13/34 John Murphy. The 18 is a favorite of Art Cashin.
The other 2 are mine for ST looks only.

BTW my lower chart on Wed bounced off the line then Fri right back to it
$spxA50R so a lot of tight hints here.


This lower chart I did a model off the


2007 rally and these points in this 2012 ARE VERY IMPORTANT.

Bottom line: I'm bullish thinking the pullback will more a rotation correction.

Friday was an inside day I consider that bullish but only looking for a little higher here.


Jerry O

Some other helpers:

http://spiraldates.com/?category_name=predictions

http://blog.stocktradersalmanac.com/post/Beware-the-Slides-of-March?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed%3A+stocktradersalmanac

The color day site in posted on my favorites to the sharp right


log.stocktradersalmanac.com/post/Beware-the-Slides-of-March?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed%3A+stocktradersalmanac


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