Cycle indicator hits home run: News event follows

Fibonacci Forecaster

The first real fruit of our new cutting edge intraday timing work just manifested this morning.

Here’s a chart from last night for the Nasdaq. The second next chart shows what happened next. You can readily see we called out this window 18 hours before it happened.

In case you don’t know we now have an intraday clock for the E-mini and this dramatic precision is even surprising to me.

I’ve had a long standing conversation with the editor of Futures magazine, Dan Collins, about when time cycles mature and the news event manifests almost by magic. Well, here we go again. I’m going to tell you why this may be significant.

First of all, here we are at the back end of the 618th week off the bottom of the 2002 Internet bear market bottom. We’ve been on red alert the past couple of weeks because of this. I had a cycle point for Aug. 16 which just so happens to be a short-term sun cycle. Since the cycle point fell out on the weekend that meant the sun cycle could expire anywhere from Friday to Monday. Then we are working with our new work, the intraday clock which outlined approximately 7:30 am Pacific time as the point off last Friday’s low which would be exactly 2618dg in terms of time, not price.

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