Click image for original size
LO
lordalfa
Rep: 140
Posts: 264
I conclude too.
The daily projection from the 7-9-2009 low reads 913.00
Expect a bounce today downwards. 912.75 - 15 pt average is a low near 897.75.
The daily projection from the 7-9-2009 low reads 913.00
Expect a bounce today downwards. 912.75 - 15 pt average is a low near 897.75.
Click image for original size
LO
lordalfa
Rep: 140
Posts: 264
After the close of RTH yesterday, the market made a huge gap.
Whether they will fill this gap today remains to be seen, though indications say that the daily projection and met and we should head south a little. The gap made helps to make this conclusion.
But we have seen gaps not being filled at all the following day but probably in a few day later or weeks.
The lines in 1/8, 2/8 etc etc is Murrey Math Lines. Something that I am seeing some correlation.
As you can see with previous post projection using a 15 pt average range, 898.50 the MM 3/8 Bottom Range coincides with my range downward projection. of 897.75 there abouts.
Whether they will fill this gap today remains to be seen, though indications say that the daily projection and met and we should head south a little. The gap made helps to make this conclusion.
But we have seen gaps not being filled at all the following day but probably in a few day later or weeks.
The lines in 1/8, 2/8 etc etc is Murrey Math Lines. Something that I am seeing some correlation.
As you can see with previous post projection using a 15 pt average range, 898.50 the MM 3/8 Bottom Range coincides with my range downward projection. of 897.75 there abouts.
Click image for original size
