Wednesday, August 03, 2011

Hurst 20 week Lows Bottoming Hard ahead of potential Gann 144, Labor Day & Gann 180 Rally

Just watching the Hurst 20 week low window (we are now in) which may be producing a bullish harmonic Gartley pattern ahead of a summer rally.

In addition to what I believe to be a bullish Gann 144 ahead, a bullish Jupiter cycle is ahead into September which could produce more summer/labor day rally. Dates for the Jupiter cycle would be September 5 +/- and a Gann 180 cycle hitting September 16 +/-.

Obviously things went lower than I expected and I greatly misinterpreted the Bradley cluster. I am holding longs from the SPX 1313 area, and adding to a few longs on this weakness. Holding for summer rally/labor day out of these 20 week lows.

1 Comments:

Anonymous Anonymous said...

DAVE - Thanks for the update!

1:55 PM  

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