I'm going to take a break for a few weeks. I really need to clear my head. Last night was the first night I slept worth a darn in over 4 months. Must have been the Southern and something??????
I'm going to do some sight seeing along the east coast. Since we moved out here in early 2000 I've not taken in the historic sites like I should so I'm doing it now. Then when I go to visit friends and family in May I'll be able to bore them with a pile of pictures.
However, I've talked of the confirmation wave. The confirmation wave actually has 2 confirmation waves within the big wave pattern. This is what it would generally look like.
I've talked about this Thurs. It should be a S/T high.
The confirmation pattern calls for a low in mid-ish next week then a pop into mid April. April 14-15 is probably the whole key for the next several months. Rally into mid April we should drop into late April. Drop into 4-14/15 it might be a buy but I'll check in if that happens.
If we get this mid April high, which is preferred we should drop/consolidate into late April or within a week of the 4/30 fed meeting. Right now 4/24-28 looks like a low.
The late April low might be the final confirmation that March was our big low. If the late April low is roughly equal to or higher, higher is better than the early April low we might be ok.
Another clue to suggest March might have been it. If we get this mid April pop and we get into the 1470s, Paul will like this, the odds are we won't have a shot back down to the March lows or the big sideways theme.
Another clue would be if we get the late April low, pop into early May and then stall for about 2 weeks with mid-ish May being the end of any consolidation off the early May pop. Mid May must hold over any April lows and then turn up into June.
That has been how I saw the wave pattern since X-mas Eve that I've been S/T trading. We got the Jan. low, the Feb. double top the March low with the allowable bleed over into March 17. I see a couple things that aren't perfect but then seldom do we get everything the way we want it. So, final confirmation should be in by mid May.
The pattern play if it holds should take us up into June or July if not longer. If it fails we'll drop into July/Aug. but then it should be a straight run up.
chow
I'm going to do some sight seeing along the east coast. Since we moved out here in early 2000 I've not taken in the historic sites like I should so I'm doing it now. Then when I go to visit friends and family in May I'll be able to bore them with a pile of pictures.
However, I've talked of the confirmation wave. The confirmation wave actually has 2 confirmation waves within the big wave pattern. This is what it would generally look like.
I've talked about this Thurs. It should be a S/T high.
The confirmation pattern calls for a low in mid-ish next week then a pop into mid April. April 14-15 is probably the whole key for the next several months. Rally into mid April we should drop into late April. Drop into 4-14/15 it might be a buy but I'll check in if that happens.
If we get this mid April high, which is preferred we should drop/consolidate into late April or within a week of the 4/30 fed meeting. Right now 4/24-28 looks like a low.
The late April low might be the final confirmation that March was our big low. If the late April low is roughly equal to or higher, higher is better than the early April low we might be ok.
Another clue to suggest March might have been it. If we get this mid April pop and we get into the 1470s, Paul will like this, the odds are we won't have a shot back down to the March lows or the big sideways theme.
Another clue would be if we get the late April low, pop into early May and then stall for about 2 weeks with mid-ish May being the end of any consolidation off the early May pop. Mid May must hold over any April lows and then turn up into June.
That has been how I saw the wave pattern since X-mas Eve that I've been S/T trading. We got the Jan. low, the Feb. double top the March low with the allowable bleed over into March 17. I see a couple things that aren't perfect but then seldom do we get everything the way we want it. So, final confirmation should be in by mid May.
The pattern play if it holds should take us up into June or July if not longer. If it fails we'll drop into July/Aug. but then it should be a straight run up.
chow
