phoenix, about the Bradley turns
I've been using the Williams/CyclePro chart for these calls
geocities.com
It shows a 2/3 low (I believe) followed by a 2/6 high. If one uses the Amanita charts one can arrive at different turns depending on which chart you use (geo, helio, 360, etc.) I also understand that the amanita pay service might give more detailed information. amanita.at
Regarding your questions about whether we are at a high or low here, I don't know - it depends on whether you're talking about a daily timeframe or an intraday timeframe. When some of the turn calls are so close together by the same caller one doesn't know what timeframe he is speaking of, but it assumed (at least by me) that it must be some unspecifed intraday timeframe.
Wave scenarios are not of much help to me personally at this juncture. And your point about it "looking like the correction was over, then it wasn't, etc" is well taken, and I'm sure many people share your view. Maybe that's why both the Rydex bulls and bears both seem spooked, as John's post may have indicated.
One can argue that we may have reached a low this week, but one must also note that we have not successfully broken the DT in the 15-minute Dow chart from 1/17, and maybe only probed above it this afternoon. |
