[RT] Fw: JAN 5 analysis

[Ben <profitok@xxxxxxxxxxxxx>]

 

----- Original Message -----

From: Ben

To: TimeandCycles@xxxxxxxxxxxxxxx

Sent: Monday, January 05, 2009 6:33 PM

Subject: Re: [TimeandCycles] JAN 5 analysis

Hello  Jeffrey

the probability of an up close tomorrow is less than 10%

probability of a lower low is 80%

Ben

----- Original Message -----

From: jeffrey tennant

To: time

Sent: Monday, January 05, 2009 6:04 PM

 

Fig.jan5c shows the 9/13/9 sequential sell signal we identified over the weekend. This marks the area of a high, and the resistance there has held.

Fig.jan5a shows a sequential sell signal has formed on the 15 minute chart as well. This increases the reliability of the signal.

If the count in fig.jan5b is correct we have completed 7 waves up and are due to drop. Note that a higher high in SPX was met with market divergence from rsi, which made a significantly lower low.

There is a new optional target of 920.41-, most commonly seen by Wednesday morning. If the previously identified 901.95 target prints within its commonest time frame (by 10:20 Eastern time tomorrow), the higher target will become moot.

Jeff

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