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JTH

Per Diem: EOTWAWKI

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And I feel fine…

Here's a 2-month 30-minute perspective, based off the February bottom

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AGG, 30-min
With a lower low followed by a higher high, and trading just above 50% of wave AB, I'd rate this as neutral with a bullish bias
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SPX, 30-min
Loosely translated, we have both a Double Top/Bottom with price in the upper half of Wave AB, I'd rate this as neutral with a bullish bias
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W4500, 30-min
This is the only chart where I've pushed the ABC wave forward because of the higher high at B. With a higher high/low I'd rate this chart as bullish, if the low at A were to get breached, then I'd rate is as bearish. Notice trendline 5-6 has held for a second time (confirmation pending)
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Transports, 30-min
The ugliest chart, price retraced nearly all the gains from the Feb low, with a lower high/low, this chart looks bearish, but we've yet to breach the Feb low
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NASDAQ 100, 30-min
Same as the S&P 500, loosely translated, we have both a Double Top/Bottom with price in the upper half of Wave AB, I'd rate this as neutral with a bullish bias
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Some folks think the bear market is beginning, others think we'll get a dead cat bounce, I stand by my previous projection

3/17/2015 "I look at the charts, I look at the stats, I look at the charts and then I look at the stats some more. Optimistically speaking, it is my belief both seasonality and the charts are getting aligned and this gives us potential momentum for the S&P 500 to make a mid-April run for 2175-2225, that's a 4-6 percent move. Conversely, a close back below 2040 will make me re-evaluate the price action."

I've put my money where my mouth is, hopefully I won't have to replace it with my foot…Jason




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Comments

  1. Bquat's Avatar
    Thanks for the charts.
  2. Mcqlives's Avatar
    Quote Originally Posted by Bquat
    Thanks for the charts.
    Thanks as wwell!. I particularly like your 2102 line. This gives me hope on still taking a gain on my recent trade!
  3. MrJohnRoss's Avatar
    Nice work Jason.
  4. Cybernaut's Avatar
    Thanks for posting this, Jason! Although I have a long way to go and a lot to learn, I try to read your thread daily. I appreciate
    your charts and value your insight! Thanks!
  5. JTH's Avatar
    Thank you everyone, what a rough week, a good time for a followup rally!!!

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