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1) a low risk buy SETUP occurred 9/3 when 9 consecutive closes less than
the close 4 trading days earlier occurred--market responded by recording
a short term rally;
2) early warning of potential bottoms ocur when "13" lows less than or
equal to the low 2 trading days earlier are recorded for COUNTDOWN
requirement in conjunction with standard(conventional) COUNTDOWN
requirement of "13" closes less than or equal to the low two trading
days earlier--often the "early" approach is the ONLY indication of a
possible bottom and the standard(conventional) never occurs;the early
"13" occurred on 10/8;
3) if a subsequent Setup occurs the market is recycling- this condition
does not apply is the closes of the renewed Setup are all contained
within the original Setup which they were the first week of October;
4) the close of day "13" was above the open despite the fact it was a
down close suggesting the start of the uptrend;
5) the market recorded 3 SETUPS(9 OR MORE consecutive closes greater
than the close 4 days earlier) into last Friday's high and the
distinction between each successive SETUP was that each consumed
successively smaller price distances from highest high to lowest
low--had the market traded above 1208.50 before it closed less than the
close 4 days earlier, this would not have been the case for the most
recent SETUP;
6)subsequent to the 1st sell SETUP(9 or more consecutive closes greater
than the close 4 days earlier)and comparing the close with the
respective highs two trading days earlier produces a "13" on 11/23 an
the first subsequent close less than the open was the next trading day
but the risk of "recycle" was so imminent that the "recycle"
potentialhad to be cancelled which it was today;
7)had the highs versus highs been used for COUNTDOWN rather than close
versus highs and the 1st close less than open be used or cancellation of
a "recycle" the same days would appear.
"trading markets includes a great deal of risk and there exists no
guarantee of profits, regardless of past performance.traders must be
prepared for the unexpected and the potential of total loss of capital."
this is no solicitation and is presented for educational purposes only.
no representation of accuracy or profitably is made.
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