Trade the Cycles

Thursday, February 04, 2010

SPX's Monthly Downcycle Since 1-19-10 Will Probably Bottom Early Tomorrow

SPX's (S & P 500, http://bit.ly/i0nsT) Monthly Downcycle since 1-19-10 will probably bottom early tomorrow (probably in Wave 5 down now), shortly after filling the 1046.50 downside gap, see the five day intraday candlestick chart at http://bit.ly/3qGxf3, and, see SPX's bearish intraday candlestick chart at http://bit.ly/12SpXH. 

Today's extreme volatility (-3.11% decline) and volume (7.253 billion shares) point to a likely imminent Monthly Cycle low. I'm having a great deal of difficulty updating this Blog and will have to keep updates very brief for now. 

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Nothing discussed on this Blog is a recommendation, or, should be construed as investment advice.

.......http://www.JoeFRocks.com/

posted by Joe Ferrazzano at 2:24 PM

3 Comments:

  • I'm having major technical difficulties updating this Blog. Blogger is screwed up now. I may switch this Blog to Hubpages.

    By Blogger Joe Ferrazzano, at 2:39 PM  

  • Obviously, I'll post the Hubpages link here if I start using it, and, I'll keep posting the link here every day for a while.

    By Blogger Joe Ferrazzano, at 4:39 PM  

  • I simply can't even do an update now. The function doesn't work technically. I'll see if I can find out why from Blogger/Google this weekend.

    SPX probably put in a Monthly Cycle Low today; very bullish candle, see http://bit.ly/i0nsT

    By Blogger Joe Ferrazzano, at 1:55 PM  

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