Friday, July 29, 2011

ABC Bull Flag on Hurst 20 week low Bradley Date

I thought this Bradley would be a high, but instead its given us what looks like a bullish abc structure and poised to rocket higher with a c-wave ahead. I also thought the Hurst 20 week had bottomed July 18, but clearly is bottoming now.

Ive had some big hits, but I consider missing this Bradley low a miss and am not happy about it.

Hats off to reader Kenhui for an excellent call in the comments section:
The Chinese have a 9-Day count after Summer Solstice--This 4th one will end on 28th (Hong Kong Time) and the 5th one will start on the 29th Jil 27 11:04:00 am (Hong Kong Time) will also be the Moon's greatest north declination. The moon will have same declination with Venus first in 25th then on 29th--2011-07-28-09:06am Moon will enter Cancer. On 07/28 Mercury will opposite Neptune--Bet correction by 28/29th

By kenhui76 on More Big Rally Due Next Week on 7/24/11

As a longer pull swing trader, I'm not too concerned with this decline as I think SPX can still easily hit 1380 into the mid-August Spiral date.

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