Here they are:
$SPX 1/4 Ave. (green) 1:15 P.M. from wave C=>sub A
1/2 1.272 (blue) 2:15 P.M. from wave C=>A
$NYA 1/4 Ave. (green) 11:00 A.M. from wave 5=>1
1/2 Ave. (green) 1:00 P.M. from wave 5=>3
$NDX 1/4 Ave. (green) 10:00 A.M. from wave 5=>1
1/2 1.272 (blue) 11:45 A.M. from wave 5=>3
These will be the potential time lines I will be posting on the charts in the public space on Stockcharts as time passes on Monday. $nya and $spx have some potential change times that are 15 minutes apart (1:00 P.M. and 1:15 P.M., respectively) and that always gets my attention, but a bottom could form in the markets anywhere from 10:00 A.M. to 2:15 P.M. Remember, this is a short term bottom, the real big bottom should be in the 4/28 or 4/29 time period. Position traders can probably ignore this one today, but people with more of a day trading orientation might play this much smaller one...
We'll see what happens...
If you are watching the charts I have posted on Stockcharts, updating live, and I get these lines posted quickly enough, you should see MACD on the 15 minute charts define the bottom by sharply turning in the vicinity, time wise, of one of these times posted above. perhaps it will be the 1:00 to 1:15 PM. cluster noted above... Watch the other indicators, as well, on those charts, most should also confirm the change...
Mark L.
P.S. the labeling at the top of this post that shows things like "wave 5=>3" just means that the potential trend change "time lines" noted on this chart were the result of mathematics applied against the interaction of wave 5 and wave 1 as I have labeled them on the appropriate live chart on Stockchart's public charts...
3 comments:
Mark,
thanx, I would but Monday is one of the few days I cannot be here.
old john
Hi Mark,
Interesting as allways. I´m just curious, 4/11 your sentiment was bearish, we would star the descent toward SPX 1250-ish and 4/12 you say on Monday "a bottom could form in the markets anywhere from 10:00 A.M. to 2:15 P.M. Did your sentiment shift when you looked at the intraday time nodes or something else has happend?
rgrds
cezarfi
Hi Cezarfi,
This should be a very minor bottom, more of an interruption in the downtrend..not a more profound bottom as I expect at the end of the month. Some who are short may want to ride this one out, and not worry about it, depending on where they went in...
Regards,
Mark L.
Post a Comment