daily: 1073 / 736.25
60m: 910.75, 899.50
15m: 916, 884
5m: 875.50,

need to retrace a bit before we get any downside projections

i am sucking to day- down 4 point- 5 hours to go !!!

this is from a small abc off bottom

moved stop to 48.25

struggling @ vah

yep- you think that will be some resistance now?>?

stop to 50.25

COME ON!

As you can guess Volume for NYSE has gone back to the upside; however, volume Nasdaq & issues remain to the down side.

2nd hit...I moved my stop to 50.25 because 50.50 was 127.20% extension of the abc while 161.80% was 52.75 and you saw how it acted as support...normally 127.2 would be 2nd and 161.8 would be 3rd

i should add that I trade off the 610T

Thanks VO. I haven't been working with Kool's cycle projection tool much and was experimenting this PM. I was using the cycle highs and lows and using 1.618 from the end of the cycle. In my notes I had Kool saying to use 2.618 from the beginning of the cycle. Using the 1.618 I had a cycle H to L of 17.5 when fibbed by 1.612 gave me a 28.25 point expectation which added to the cycle low of 833.5 gave me a 61.75 target. For that second cycle projection that negated I had 61.5 - 47.25 = 14.25 * 1.618 = 23 + 847.5 (cycle low)= 870.5 target. That's the one that didn't hit at the end of the session. Maybe I am oversimplifying it.