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Thursday, June 28, 2012

June 28

Interesting week? check.

Crazy gap down, with a reversal and run up until Wed to close the gap, and now trading down again.

The 60-min sell signal (sub-cycle) since 6/20 is still in effect and today we got a Down Cycle signal. The reason this is of interest is that I am now expecting a 90% chance (63 of 70 similar occurrences) of a lower low below Monday's low before the next 60-min buy signal will be issued (when a Down Cycle signal is given after a sub-cycle top signal).

That is what I am seeing at the moment.
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