Closing out last week.
- Couple of quotes from past reports
From 12/16/09
This weekend’s Smartp ITN said that if there was any chance left for market to trend, it would be from the 12/17/09 Daily low CIT. There was no damage on Smartp ITN, and hence I would consider today’s close a buy yet again .
From 11/22/09
- Look at this version of Smartp LTN – I published this in early October at the start of this website, but I had this Smartp vision/version since August. We hit 1018 on August 5th, 2009. We are close to 4 months from then. I clearly showed chop on Monthlies! However, all of this is about to change very rapidly (12/8-9), the wait is over
- The 12/8-9 low predicted as the final low before the 4 month range break! This was done in August 2009!
- This week was picture perfect with both inversions picked up accurately. The projected high was 1126.52, and the actual 1126.48. Smartp was correct on Price, Pattern and Time.
CURRENT SMARTP LONGER-TERM BIAS AND INTERMEDIATE TERM MAP
- Smartp Long-Term Neural and EWT Bias – xxxx (last update 12/05/09)
- Smartp Intermediate-Term Neural – (4 weeks out Map) – xxxx (last update 12/20/09)
- Smartp Methodology (last update 10/19/09)
- Smartp Glossary of Terms (last update 10/24/09)
LAST WEEK’S REVIEW
ALIGNMENT OF VARIOUS DEGREES OF MAP
- Smartp ITN aligned with Smartp LTN on 12/8/09-12/9/09
- Smartp ITN aligns with Smartp IWN this week, on 21st and then 23rd. There is variance between 12/24 on ITN and IWN. ITN suggests a lower low than 12/23 at the open then stabilization and recovery/SU rest of the trading hours (perhaps shortened to 1:00pm EST – not sure). However, IWN does have an inversion point at the 90% confidence level. Last week was at the 98% confidence level as an FYI. We will have to catch this in real time.
- The Daily CIT Series without polarity is = 12/21 – 12/23-24
- Preferred action based on ITN and IWN would be High – Low (Preferred Scenario)
- Alternate (not expected) for the same time series would be Low – High