I can in real time tell you what is going to happen only once key reversals are elected on a closing basis. The unit of 3 rule will apply but I can prove it quite easily that it works.
Can you explain this 3 unit rule? I've seen it mentioned at AE site, but not elaborated.
The unit of 3 rule
a day is a unit of time, a week is a unit of time, a month is a unit of time etc
The election of reversal indicates the expected high or low should occur within 1 to 3 units of time, be it daily, weekly, monthly or quarterly. Hence the election of a daily reversal means the expected move should occur within 1 to 3 days.
Lol AnonymousCoder is not even aware of the unit of 3 rule, the very core of the reversal system. He must of forgot to read the user's manual
@Bumbum @fred9999
We should see a new high next week which could be as soon Monday with a decline thereafter into the week of the 18th(TP) a lot of these moves will be determined by the reversal system, so as long as the Dow does not elect its next bullish reversal at 24765,
the market should decline into the the week of the 18th.
The 2nd quarter is a turning point so we either have to make new lows or close below the 1st quarterly close. The intraday low may occur in May, with June being the lowest monthly closing.