- CIT Cycle was accurate
- Price Neural Pattern was accurate
- Price Neural was inaccurate for maxima and minima, and was lowered right away on Monday for Maxima by 6, and minima by 13. This delta remained constant through out the remainder of the week
- We did fine into CIT Cycle high on Thursday and called the top, but my personal bias due to OEX and minor new GSPC high didn’t forecast Friday correctly in terms of range of decline. I was expecting 1136 ES, but we went lower. The Price Neural did have a -15 for Friday but I layered in my personal bias by saying that we range trade between Weekly Maxima and 1136. The actual low was a revisit to Weekly Minima.
- The other issue was that we were in a Double Inversion Zone, and I should have seen the Friday’s inversion to revert back to the original CIT Cycle rhythm for the week after inverting it for Thursday.
Overall a good week, except for the deeper decline on Friday.
CURRENT SMARTP LONGER-TERM BIAS AND INTERMEDIATE TERM MAP
- Smartp Long-Term Neural and EWT Bias - XXXX (last update 01/02/10)
- Smartp Intermediate-Term Neural – (4 weeks out Map) - XXXX (last update 01/09/10)
- Smartp Methodology (last update 10/19/09)
- Smartp Glossary of Terms (last update 10/24/09)
ALIGNMENT OF VARIOUS DEGREES OF MAP
- Smartp ITN aligned with Smartp LTN on 12/8/09
- Smartp ITN aligns with Smartp IWN this week, on 1/11, 1/12, 1/13, 1/14-15 is inversion zone
- The Daily CIT Series without polarity is = 1/11- 1/12 – 1/13 – 1/14-15
- Preferred action based on ITN and IWN would be High – Low – High – Range Trade (Preferred Scenario)
- Alternate (not expected) would be the inversion of this series
PREFERRED SCENARIO
- The expected range for this week is between last week’s surprise break out level at 1138.5-1140 and 1160-64
- The overall bias is up, so buying the declines into last week’s highs is the right strategy overall
- Exact Smartp ITN CIT alignments annotated on chart
- Monday should be a gap higher – expected targets 1153.5-1155
- Sell off from these levels on Tuesday, likely to 1140. Sells have been shallow so follow Time/CIT’s to get out of shorts if attempted. Though not advised unless you are nimble, right idea is always to stay with the main trend (Gann’s words)
- Tuesday/Wednesday low CIT takes us to the Smartp ITN Daily High CIT on 1/13/10 or max Thursday open to 1160-1164. As always price projections may need revisions based on Deltas being experienced by Price Neural
- Momentum high should be 1/13 / Thursday open and then Smartp ITN Cycle strength wanes. So we may range trade into OEX from these highs