Thursday, December 08, 2011

Preparing for an Early January Gartley 222 Buy

The fibonacci levels so far are consistent for a Gartley here...I am aborting the 1306 call, lightening up on rallies.

Hurst 5 week low is due early January, preparing for an airpocket here just in case things break down...

If the Hurst 5 week high didnt hit yesterday it may hit December 9-12 so there may be a retest rally after todays selling. There is a parallel support to watch (see 2nd chart).

Staying bullish and positive longer term though next 3-4 weeks look difficult as a Gartley here doesnt fit very well with the Dragon fractal.




2 Comments:

Blogger chartblog said...

3 strikes pattern daily chart

http://www.candlesticker.com/Cs83.asp

3:59 PM  
Blogger chartblog said...

If 3 strikes pattern resumes the rally, there is a Puetz window that may hit in the January 9 Full moon window.

Puetz windows are six days before to three days after a full moon that occurred within six weeks of a solar eclipse.

6:36 PM  

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