Tuesday, February 14, 2012

Correction on yen timing projection

One of the charts posted on Feb 12th shows symmetry of a current projected 450 trading day low to low and an earlier period. Part of that time segment includes 73 trading days from the last peak prior to the 450 day low. Unfortunately I made a counting error, mainly because the current 450 trading day time segment started from a low that had two days back-to-back that printed the exact same low price. Counting from the first day of that low projects to 2/14/12, but counting from the second day of that low projects to 2/15/12. Also, after recounting the days from the last peak, I see that 73 trading days from 10/31/11 actually falls on 2/15/12. This has me leaning to 2/15 as the low, even though the other long-term cycle (3404 trading days) is pointing to 2/14/12. Bottom line is that if this market is making a low, it should bottom on the 14th or 15th (+/- 2 trading days).

Kim Rice

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