STD Blue Days
are usually choppy and tricky to trade. Statistically look back, STD Blue Days and STD Blue Weeks
are M-shaped or W-shaped, and the loss-trades are above average. STD Red and Green days and weeks are
much better for trends to work.
Monday - Tuesday, October 22-23, may turn out to be similar or inverse to Thursday - Friday of last week. Assuming there was no inversion on the STD-red day (Sunday, Oct 21), a ST-high on Monday, followed by another swing down into late Tuesday is likely. Also consider with past Blue Week patterns, especially 4 weeks back, 4 lunar months back, and 1 lunar year back. |
| www.chartsedge.com |
As outlined HERE, the ITD #b Low is scheduled to develop around Oct 21-23, and should be followed by a rally into the ITD #6 High around Oct 29 = Full Moon.
This forecast also matches Mike Korrell's latest projection (HERE), but contradicts the view of Francis Bussiere: ST high on Oct 24, down into Full Moon (HERE).
 |
| www.astrocycle.net |
The $TRIN (NYSE - Short-Term trading Arms Index) had reached the upper Bollinger Band. This alone may suggest a bounce or reversal in equities. However, MACD and Stochastic have just turned up, and support the idea of a rising $TRIN, which is the continuation of the down-trend in stocks.