The Market is behaving like echovector clockwork... particulary within the Quarterly EchoVector Perspective and FrameWork.
See the chart below issued yesterday for illustration and highlights to this effect.
Note Tuesday's EchoBackDate LAST QUARTER was a short term bottom with a bounce the next several days into the end of the week. The following week brought a 'Tuesday' derivative momentum low on a price and timing basis... timing lows we are again looking for this quarter.
Be cautious about entering into the current market today on the long side if your time frame is not short.
If you are Daytrading into the next several days with a long-side bias and using OTAPS Management Protocols, then you are likely well-approaching and likely to be collecting extra alpha premium rewards to your active management efforts, according to the MDPP EchoVector Model Forecast TradeFrame.
The near-term forward approach and tradeframe and forecast summary issued earlier is still in force:
"Current Outlook Analysis and Swing Trade Implications
After this current further down-pressure week, and it's resumption the following week (after initially bouncing off annual and bi-quarterly echovector support) into the end of August, prepare for one last potential relative strength period from end of first trading Tuesday in September until to mid-September, followed by potential seasonal down-pressure into fall lows. Expect the immediate short-term down-pressure to continue into the end of August and this beginning September period, before staging this final relative strength period and thereafter seeking relative weakness in derivative lows."
Additional Note: also see this morning's globally syndicated article, Dow Heads To The Downside: It's Not Syria, utilizing Echovector Analysis to debunk the journalistic notion of the significance and validity of the current plethora of 'Syria causality inducing' market sell-off articles and headlines.
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See the chart below issued yesterday for illustration and highlights to this effect.
Note Tuesday's EchoBackDate LAST QUARTER was a short term bottom with a bounce the next several days into the end of the week. The following week brought a 'Tuesday' derivative momentum low on a price and timing basis... timing lows we are again looking for this quarter.
Be cautious about entering into the current market today on the long side if your time frame is not short.
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Tuesday, August 27, 2013
DOWPIVOTS.COM AND SPYPIVOTS .COM: TODAY'S TOMORROW QUARTERLY ECHOVECTOR CHART PERSPECTIVE: UPDATE AND ANALYSIS
THE MARKET IS CONTINUING IN ITS FORECAST TRAJECTORY LAST HIGHLIGHTED ON THURSDAY AUGUST 22 2013.
See chart below: Then short term support was projected from Fed Minutes action which had sent the DIA ETF to support on the six month echovector (solid pink) in parallel with the annual echovector (solid red).
This support was forecast to fail however after a 'several days' short-term bounce into this week: see annual echovector echo-back-week for this week.
Note the price momentum failure in this week's 2012 echobackweek proceeding into this period's end of August/early September 2012 second-wave swing trade low.
SEE YELLOW HIGHLIGHTS BELOW. SYRIA RELATED HEADLINES ARE THIS YEAR'S EVENTS.
ECHOBACKTIMEPOINTS,
KEY EXTENSION VECTORS IN ECHO
AND KEY FORECAST ECHOVECTOR SUPPORT AND RESISTANCE VECTORS WITH ECHOVECTOR PIVOT POINT PROJECTIONS
SUPPLEMENTAL CONTEXT
Thursday, August 22, 2013
DOWPIVOTS.COM: DIA ETF: TUESDAY/WEDNESDAY: SUMMARY OF SIGNIFICANT L4 ALERT ACTIONS: READYING FOR FED MINUTES ANALYSIS AND STRATEGY
2. Regime Change Cycle EchoVector (8 Year, Week of month): LongYellow
3. Regime Change Cycle EchoVector (8 Year, Week of month): LongPink
4. Presidential Cycle EchoVector (4 Year, Day of week): Long White
5. Congressional Cycle EchoVector (2 Year, Day of week): Long Green
6. Congressional Cycle EchoVector (2 Year, Day of week): Long Blue Purple
7. Congressional Cycle EchoVector (2 Year, Day of week): Long Pink
8. Congressional Cycle EchoVector (2 Year, Day of week): Long Yellow
9. Annual Cycle EchoVector (1 Year, Day of week): Red
10. Annual Cycle EchoVector (1 Year, Day of week): Pink
11. Annual Cycle EchoVector (1 Year, Day of week): Aqua-Blue
12. Annual Cycle EchoVector (1 Year, Day of week): Long Blue Purple
13. 9-Month Cycle EchoVector (9 Months, Day of week): Grey
14. Bi-Quarterly Cycle EchoVector (6 Months, Day of week): Yellow, Peach
15. Bi-Quarterly Cycle EchoVector (6 Months, Day of week): Grey, Aqua-Blue
16. Quarterly Cycle EchoVector (3 Months, Day of week): White
17. Quarterly Cycle EchoVector (3 Months, Day of week): Grey
18. Quarterly Cycle EchoVector (3 Months, Day of week): Red
19. Quarterly Cycle EchoVector (3 Months, Day of week): Green
20. Bi-Monthly Cycle EchoVector (2 Months, Day of week): Black
21. Monthly Cycle EchoVector (1 Month, Day of week): Peach
22. Bi-Weekly Cycle EchoVector (2 Weeks, Day of week): Grey, Peach, Aqua-Blue, Yellow,White
23. Weekly Cycle EchoVector (1 Week, Day of week): Aqua Blue, Red,White, Blue-Purple
AND WITH KEY ECHOBACKDATES FOR TUESDAY 8/20
QUARTERLY ECHOVECTOR : WHITE
BI-QUARTERLY ECHOVECTORS: YELLOW AND PEACH AND AQUA-BLUE
TRI-QUARTERLY ECHOVECTOR: GREY
ANNUAL ECHOVECTOR: RED
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