Closing out the last
- Price – off by -2 but the general weekly price range worked well. Sunday post pointed to a weekly maxima of 1130.88, actual was 1128.50
- Time cycle was correct through the week, including the picking up 2 inversion points during the week. Thursday, I suggested that open would be a high CIT, and then the markets will SU into 1-2pm EST. This was correct, except that I made an error by assuming we were closing early on Thursday on New Year’s Eve! No one pointed this out as well from the subs, I guess everyone was in a holiday mood! A down cycle commenced from this point into the close which would have aligned to the actual decline of 15 ES points, which was the exact neural length for Thursday as well.
- Overall pattern was alright, as CIT Cycle was correct for the latter part of the week
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 12/27/09)
- 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 12/28/-29 and then on 12/30-31
- The Daily CIT Series without polarity is = 12/28-29 – 12/30-31
- Preferred action based on ITN and IWN would be Low – High (Preferred Scenario)
- Alternate (not expected) for the same time series would be High – Low
- A short-term top is being formed around 1126.78 ESH0 level for an intra-week give back towards 1111.32
- Monday & Tuesday will be in this range, that is 1111.32-1126.78 (last week’s high 1122~) in a 4th wave associated with 12/17/09 wave up
- From there we should rise into new yearly highs towards 1130.88 and flatten out/SU into yearly close on 12/31 around these levels
- An inversion cycle is being predicted at 99% confidence level starting mid-day Wednesday, my current interpretation is that Price Neural’s direction will be the correct one, that is markets will head higher, if we are sitting towards low around this time, it would be obvious from here. Will keep a watch on this time zone