Thursday, August 13, 2015

REtest Thursday

update after close:
Market did nothing I expected today will remain flat. A mixed market has little details.
It can be bad for your financial health.
Keep my powder dry


First and intraday chart showing a firm buy at 12;20 of course I was at the DR.   :(

OK Thursday! If I'm right it will be a high am low pm day.
We should test the low of  SPX 2052 +/- 10 points.
Here is a chart with us in a wave  3 drop  and next will be the rally to 2101-2113 to keep this count and no overlap.
I have been calling for this basing and rally for days. Today finally
my parabolic indicator and several  counts said the low will be  tomorrow. Upside target will be .618.----.78 Jerry

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