My daily read. Information galore
-Geaux
Market Turning Points | Andre Gratian | Safehaven.com
Precision timing for all time frames through a multi-dimensional approach to technical
analysis: Cycles - Breadth - P&F and Fibonacci price projections
and occasional Elliott Wave analysis
Market Overview
The correction which started at SPX 1730 is still underway, but it probably reached the approximate mid-point of its correction on Thursday with the low of the 8-wk cycle. This would be the A wave of the corrective pattern with B now in an uptrend. The up-leg of the correction (B) has already retraced nearly .382 of the distance from the top. If it were to retrace 50%, this would take it to about 1700 and .618, to 1797. One should watch the market action closely to see at which level it stops rallying and starts on the C wave.
-Geaux
Market Turning Points | Andre Gratian | Safehaven.com
Precision timing for all time frames through a multi-dimensional approach to technical
analysis: Cycles - Breadth - P&F and Fibonacci price projections
and occasional Elliott Wave analysis
Market Overview
The correction which started at SPX 1730 is still underway, but it probably reached the approximate mid-point of its correction on Thursday with the low of the 8-wk cycle. This would be the A wave of the corrective pattern with B now in an uptrend. The up-leg of the correction (B) has already retraced nearly .382 of the distance from the top. If it were to retrace 50%, this would take it to about 1700 and .618, to 1797. One should watch the market action closely to see at which level it stops rallying and starts on the C wave.
