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Strategies & Market Trends : Harmonic Trading with The Phoenix -- Ignore unavailable to you. Want to Upgrade?

To: the-phoenix who wrote (91)11/22/2002 11:49:16 AM
From: ormsby  Read Replies (1) | Respond to of 941
 
Phoenix,
What is the downside projection for this formation? How is it calculated?
Thanks,
Ormsby



To: the-phoenix who wrote (91)11/22/2002 5:54:06 PM
From: the-phoenix  Read Replies (3) | Respond to of 941
 
All the indexes except the DOW had started to hit the Potential Reversal Zones by 3:15 PM today, and they all simultaneously started to turn down at those zones:

share.esignal.com

SPX at the AB=CD at 937
COMPX at the AB=CD at 1474
NYSE at the 2.0BC (just short of the AB=CD) at 495

We may see a pullback from these levels continue on Monday, but since the PRZs were barely touched, I would expect them to be retested next week.


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