COUNTS and HALFWAY POINTS

Remember to always look for the "Springboard"

We have an upside count that was fulfilled ( within one day )

We now have an activated Downside Count Yet to be fulfilled or NEGATED.

The lower Brown Line is the Halfway point of that move UP.

There were signs of exhaustion in the close of today !

So given that low atm the upper Brown line is the Halfway point of the move down so far .

We should be looking for  the next move UP to reach this Halfway point

We should remember the importance of the Halfway points

From way back in "Studies"

When any of these occur, he knows what to look for next. In a bull move he expects a drop of 10 points to be followed by a recovery of about half the decline, and if the rise is to continue, all of the drop and more will be recovered. If a stock or the market refuses to rally naturally, he knows that the trouble has not been overcome, and therefore looks for a further decline.

 

The LAW of CAUSE and EFFECT relates to WORK ( INTRINSIC TIME )  It relates to DEMAND ABSORBING SUPPLY or SUPPLY ABSORBING DEMAND.......... It is The SPECIAL WAY a "FIGURE" CHART reveals the STRUCTURAL CHANGES in market reality.....  THIS is INTRINSIC TIME... EVENT TIME.. WORK TIME !

It is the 45 degree movement !

Individual stocks are to be judged as much by what they do as what they do not do !

We can measure CAUSE to infer EFFECT--- YES ( what they do) !

But we can ALSO MEASURE EFFECT to QUALIFY CAUSE  ( what they do not do )

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