S&P Measured-Move ?

( high of April 7 )1151.75 - 113.25 = 38.5

( High of April 27 ) 1146.25 - 38.5 = 1107.75 potential measured-move target.

 

A major Bradley Indicator turning point was April 26th, but you knew that, eh?

 

Yeah, like the Bradley Cycle has been real "accurate" the last 12 months!

:eek:

 

something else to ponder also....

 

I'm no rocket scienist but 1151.75 - 113.25 doesn't equal 38.5


but it is a 38.2% fib measurement though. lol

 

Yes I knew on same 26th forecast for 27th session
http://www.elitetrader.com/vb/showthread.php?s=&threadid=27723&perpage=6&pagenumber=6

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http://www.elitetrader.com/vb/showthread.php?s=&threadid=27723&perpage=6&pagenumber=7
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Sorry, I obviously missed a "1".

1151.75 - 1113.25 = 38.5

1146.25 - 38.5 = 1107.75

http://www.amanita.at/e/faq/e-bradley-com.htm

 

Looks like a pretty good target so far, with the low of the day coming in at 1105.75

 

Yeah I figured as much, but how often do I get to rib you!

 

Well, it certainly caught the January 26th, March 5th and April 27th highs in the S&P 500 this year! Not to mention signaling the major turning point on March 12th 2003!!!


I'd say it's fairly Accurate so far this year!

Opps, 1103.75 low!!!!



PS Maybe P2 has something with this 41 days from high thing in the Market, eh! Look out Monday!

:eek: :eek: :eek: