Saturday, May 14, 2011

Most Logical Support for 10 week lows - Gap area

Logical, but need 20 point selloff next week into the Hurst/Gann window.

I'll be a heavy buyer if we get that drop...SPX needs a bit more fear to get people scarified before the summer breeze rally.

Second chart is post from last Tuesday and how the drop fits in wave structure.






2 Comments:

Blogger Adsense said...

i tend to agree yet for different reasons
http://www.tradersaffiliates.com/WEEKLY%20UPDATE.htm

6:38 PM  
Blogger chartblog said...

Thanks for your comment, very nice charts.

In a day or so i'll post an interesting cycle chart about early June.

Regards,
chartblog admin.

10:26 AM  

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