2340 in 72 TRADING HOURS (03/13) DRAFT 2

Introduction - Price decided to follow route for DRAFT 0 instead of DRAFT 1 for NFP. Not only that, we can't get a 2% correction for profit taking. So the only route left, with so little time left involves 2215 high Sunday night, 2165 Monday check down, gearing up for CPI by Tuesday AM and 2340 by Wednesday morning.

Details - See previous drafts for how we got here.

Kommentera:

03/08 11:17 AM ET NOTES -
a) what has obviously changed is route to Tuesday
b) in chart above: same two lines we've been talking about, red and black
c) by holding trend today, the next break of black line would come Monday AM
d) so that means 2214 SUNDAY NIGHT OR NY PRE-MARKET FOR MONDAY
e) then fakeout break of black line DEFENDED BY REDLINE
f) zig-zag, gear up for CPI
g) then EXPLOSIVE 24 hours for TUES AM to WED PM
h) 2170 to 2340 but 2215 by WED AM again

Kommentera:

11:47 -- I'm not even sure about the correction
1) All I can see is 2340 by Wednesday, maybe even Tuesday night
2) the rest is just extrapolating what patterns make sense at each point
3) and that can still change unless the bulls relent, and the are relentless
4) so be aware

Kommentera:

11:55 AM ET NO! NOT WED, NOT TUESDAY.... 2340 ON MONDAY!!

Kommentera:

1:11 PM 2177.XX drop from 2190s
1) so the trend shifted even tighter for 2340 on Monday AM
2) this moves check down to after CPI
3) I actually saw it 2 days ago but thought this was an error, but it's not
4) it's going to hit before CPI, and use CPI excuse to sell off

Kommentera:

5) bc of this situation moving so tight, all my focus is managing my $ and not updating
6) so if seems like I'm not updating it's bc I don't have time

Kommentera:

THIS POST HAS ENDED, FOR WHAT ITS WORTH HERE IS DRAFT 3: