Well I'm at it again with these charts. The wide horizontal lines are the price projections, and the wide vertical lines are the days when price should be in one of the outlined areas.
This one shows the possible places I have for price on Nov 6
This one shows the Nov 9
I think we're due for some alternation here. Notice how the last full cycle was down two for two cycles and up for one. We just had two cycles down, I think we're due for one up again. So in the charts above, i think we're headed for the upper lines.
Here's a proposed channel:
"The stock market is now 19 weeks into its intermediate cycle, which generally lasts 18-22 weeks. So we are well into the timing band for that major bottom". I buy that. I picked it up from this blog:
If any of these lines break, I may change my position:
i still have concerns about these sectors, so i'm ready to short if the trade doesn't work out.