Friday, March 23, 2012

CIT confirming

Looking good since the second part the down trend lines have appeared.
I will look for Spx target in the area of 1363 to 1331 all wave 4 targets.

Technical Study #1 vs Price high.
Looking at the W1 high not shown on 11/30/2011 we had technical's of 98% upvol, tick of 1004, and a trin of .28.
The price high came 4/5 days later on 12-6/7

The current wave 3 price high came on 3-19-12 just 4 days later than the technical high with 91% upvol, 981 tick and .43 trend.

Wednesday, March 21, 2012

Change in Trend