Normal
SP500If we continue to move up keep an eye on Dec 6-9th for potential Top as outlined in previous Notes. The calculations behind this Curve took well over six hours of solid work to produce so what you are viewing here is only a fraction of the work involved. This Cycle comes out over the weekend so we would watch how price moves into this point very closely . If we continue to have this creeping market up into projected Top that could be one possibility or we could have a blowoff move into Top which looks more likely so if you are already long knowing this date in advance is of significant importance particularly if you are heavily weighted in the Index . One strategy would be to wait for the potential Top to come in and then "trade out of it " once the position of the market has been confirmed leading into this date. Sometimes by being patient and waiting for the correct time to act on the edge of these cycle points increases our technical chances of being on the correct side of the market and by selectively trading this one particular " section " of the market outlined on the Curve we have a roadmap in front of us with clear boundary points to manage the trade within. The second date that could see Top is Dec 11th and I think that would be the latest point to see trend turn down but Dec 6-9th looks fairly strong for Top so even if you unwind your positions coming into this date you could possibly protect yourself from a significant loss if we are to setup into Top . If we start to run down we could see Low on X which would give us around X days exposure on the short side so in the next set of notes I will try to calculate some potential price targets for Top and then try to get a line on the potential magnitude of the decline into projected X Low which links up with the X Chart and other Fixed counts . But for the time being I just wanted to put this Curve out to alert people on the upcoming date so as we roll into this point the position of the market will hopefully give us a clearer picture of how we are setting up against the Cycle.studentofgann.com.au
If we continue to move up keep an eye on Dec 6-9th for potential Top as outlined in previous Notes. The calculations behind this Curve took well over six hours of solid work to produce so what you are viewing here is only a fraction of the work involved. This Cycle comes out over the weekend so we would watch how price moves into this point very closely . If we continue to have this creeping market up into projected Top that could be one possibility or we could have a blowoff move into Top which looks more likely so if you are already long knowing this date in advance is of significant importance particularly if you are heavily weighted in the Index . One strategy would be to wait for the potential Top to come in and then "trade out of it " once the position of the market has been confirmed leading into this date. Sometimes by being patient and waiting for the correct time to act on the edge of these cycle points increases our technical chances of being on the correct side of the market and by selectively trading this one particular " section " of the market outlined on the Curve we have a roadmap in front of us with clear boundary points to manage the trade within. The second date that could see Top is Dec 11th and I think that would be the latest point to see trend turn down but Dec 6-9th looks fairly strong for Top so even if you unwind your positions coming into this date you could possibly protect yourself from a significant loss if we are to setup into Top . If we start to run down we could see Low on X which would give us around X days exposure on the short side so in the next set of notes I will try to calculate some potential price targets for Top and then try to get a line on the potential magnitude of the decline into projected X Low which links up with the X Chart and other Fixed counts . But for the time being I just wanted to put this Curve out to alert people on the upcoming date so as we roll into this point the position of the market will hopefully give us a clearer picture of how we are setting up against the Cycle.
studentofgann.com.au
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