Gann 144 into August 9-16 - Ace in the Hole for the Bulls?
One of my favorite cycles is the Gann 144. 144° is 146 days and will often culminate trends or strong moves.
August 9-16 will culminate a 146 day move out of the March 16-23, 2011 lows aligning with the Spiral window of August 13-15.
If this is indeed a bull flag, there should be one more strong move ahead before some October weakness. Once people realize that the ecomony is just fine and the sky isnt falling after the August 2 debt default deadline, people could madly rush into equities.
August 16 has many other strong Gann counts including a 77 day (square of 9) off the May 31 high.
August 9-16 will culminate a 146 day move out of the March 16-23, 2011 lows aligning with the Spiral window of August 13-15.
If this is indeed a bull flag, there should be one more strong move ahead before some October weakness. Once people realize that the ecomony is just fine and the sky isnt falling after the August 2 debt default deadline, people could madly rush into equities.
August 16 has many other strong Gann counts including a 77 day (square of 9) off the May 31 high.
posted by chartblog at
3:33 PM
6 Comments:
Several market indicators suggest at least a technical bounce from a bottom is probable over the next few days...
Volatility indices (VIX,VXO,etc.) closing back inside the 20,2 Bolinger bands.
Upturns in the MCO's from oversold along with small changes on the Nasdaq MCO suggesting a potentially significant move over the next couple of days, tenatively presumed to the upside.
A closing ARMS/TRIN value 1.97 approaching 2.
Any idea what the intermediate term implications are for the next anticipated market highs coming out of the current Hurst 20 week cycle lows, (which for some indices is lower than both the March and June lows)?
I think he's committed suicide.
Cant believe this blog called this move the last 4 weeks almost 100% backwards,get the monkeys back out throwing darts
Dave - Dave - Dave Planet Earth calling Dave - are YOU OUT THERE?
We need an update ASAP
LMAO, if you read this and did the opposite, you'd retire by now!!!
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