| I know...I don't understand it as well...but the puter told us last night...
Applying our Tentative Hypothetical Models, we see that we have Daily Bullish Reversals that would be generated if we see another new low penetrating 25450. These Tentative Hypothetical Bullish Reversals would stand at 24570, 25225, 25770, and 25815, whereas a close above the previous high 25685 would tend to suggest that these Tentative Hypothetical Bullish Reversals will then become fixed as long as the low holds thereafter for at least several days. Moreover, the election of any of these Tentative Bullish Reversals during that session would signal that a bounce is unfolding and that such a low may stand. However, if we continue to make new lows, then these WHAT-IF Reversals will be replaced by a new set until the low becomes fixed.
We closed today at 254.10 which means we closed over the two Tentative Hypo Bullish Reversals located at 245.70 and 252.25 which means that a bounce is unfolding and that such a low may stand... |