Wednesday, 15 May 2013

SPY

Gann said bull moves  usually run out in 3 or 4 sections and we appear to be late in a 4th.The market seems to be in full melt-up mode but we have now overshot the channel line and the measured move of the first range up so it will be interesting to see if it pulls back here.In addition,on the Gann wheel we are 720 degree resistance from the low,134.7,at 165.6 (for SPX read 1343 and 1651)

Another Gann relationship (for SPX) is 250% of the low,at 1666,which is also 1000 points


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4 comments:

  1. Anonymous15 May 2013 at 22:55

    Great stuff as always CR!

    Great stuff!

    ReplyDelete
  2. Chartrambler15 May 2013 at 23:23

    Lets hope so LOL ! WE are 6 months from the low too so fingers crossed. Thanks HR

    ReplyDelete
  3. Anonymous16 May 2013 at 15:04

    Yes, add 1,000 points to 666 and you can PICK THE TOP!!!

    LMAO.

    ReplyDelete
  4. Chartrambler16 May 2013 at 17:14

    Wags your mother must be so proud....

    ReplyDelete