Here's today's intraday BP map from ChartsEdge Daily Maps (remember, their Pattern Recognition intraday map for today is at their subscriber site (and their two types of intraday maps, plus their weekly cycle forecasts (use "ChartsEdge weekly" label), gain predictive power when they all look similar) - follow links on their site for details, link above and at right):
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ChartsEdge BP Chart for Nov19
Posted: November 19th, 2009 | Author: Mike Korell |
Thanks once again, Mike and ChartsEdge! Folks - family still visiting (nice breakfast out!), limited time - just noting, futures say perhaps we'll see 1102 break. If so, focus on 1097, 1092; unless it can regain 1102 there will be more speculation "it's done". More obviously the SPX must regain 1107 to look like it could make another retest of 1112/1113 for this wave. I haven't time yet to check everything but will tweet as I can today. If course "the top" isn't the same as confirmation (and some are speaking of interim top only) so we'll continue to have reasons to watch this. If the A/D makes a h&s it'll be more bearish but will take some strong selling over some days to make it happen. As always, we'll see - happy market navigating!
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