Posted by cycletimer - 04-16-14 15:21 - 1 comments
I posted this on Blustar's post below in response to his 8-day cycle calling for a low at 1799 tomorrow:
<<<If you shorted this morning or anytime today you shorted too early! I have mentioned 1865 several times and even at today's closing tick we aren't there yet! Plus we have pre-Easter holiday Wednesday, bullish.
Tomorrow is a minor cycle turn date, true....but having pointed out this week already that we'd bottom on April 15th...and it happened on schedule, that would indicate through basic deductive reasoning that tomorrow's cycle would mark a HiGH at guess what price??? 1865
Time and price will intertwine tomorrow morning. Will we hit 1870-1872 area? Sure sems that way based on today's strength...I'll take a stab at shirting 1865 and use a 5-point stop....UNLESS we gap above 1865. In that case, I'll pass....>>>
I'm off sometimes but not WAY the F_#K off. Other cycle analysts post all kinds of far-fetched targets from outer space and they receive praise and atta-boys, etc. I have been fairly consistent with dates, and I always preface by saying my forecast can be wrong. I wish I had the time and luxury of posting every realtime trade I enter, sometimes I'm at an airport trading from my I-phone app. Sometimes from my I-pad in my hotel room (like right now). I don't even know where this rant is headed but I've been very clear the past week on timing cycles, lows,highs, etc.
April 15 was the Low of this move....Prior to that I forecasted April 14/15 with the 15th being likely....yesterday afternoon, it hit. Let me be clear again, next short term cycle is April 17th (18th is the actual cycle but falls on market holiday....SO, it could fall on Monday of next week, cycles are plus or minus a day).
Further out is May 6/7th......my upside target was 1865 though I now feel it will be exceeded. I mentioned yesterday and I'll repeat that 1865 could temporarily stall this rally...but May 6/7th high we may retest the old high at 1900.
Have a great weekend, I'm done for awhile.... Happy Easter