None of my scenarios call for a final bottom near 1880, but I noticed several potential patterns that converge there.
2021-->1953=68pts
1980-->1909=71pts
1953-->1879-1885=68-74pts
2021-->1909=112pts
1953-->1883=70pts=0.62*112
1953-->1922=31pts
1935-->1903=32pts
?1910?-->1877-1879=31-33pts (this 1910 level could change +/- today)
1880ish would probably fit OEW's call for a Primary 4 bottom this week, but 1880ish does not really fit any of my counts except perhaps as an internal pivot/wave. In any case, if enough traders and robots have reason to look at 1880ish, perhaps it will offer at least temporary support and/or perhaps it will become an acceleration/mini-crash level if breached. It would be particularly interesting if SPX closed at 1880ish. I don't know what it means, but it was an interesting pattern observation I thought worth posting. Good fortune.
P.S. Update 2PM EST
The Dow seems to be an outlier probably due to the low number of stocks and recent outperformance by Apple and Nike, but Russell 2000 has already broken its August low and SPX, Nasdaq, Transports, NYSE and Wilshire all appear to need 1% or so lower to make the drop since Friday proportional with the previous drop. That equates with SPX 1867ish which obviously does not jive so well with the 1880ish convergence above, but I'd definitely give weight to many indices over one. Keep in mind, if we are in an ultimate drop to 1700 in October, typical support levels may not hold water and a wave 3 of some degree could just blast right through 1867 towards 1800-1820 as I favor as the initial destination for WXYA followed by BC in the coming weeks. The 1880ish convergence and 1867ish convergence probably mean something but I suspect merely weak bounces and later backtests.
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