CNBC EUROPEAN REPORT

CNBC is changing their program structure and I will be missing today’s live broadcast but should be back  next week or week after at the latest.  I understand from my emails that some of you have been depending upon these reports so I will continue to publish then on this site as if I were still giving the live reports.

Today we’re going to look at the 144 vibration in time that occurred in the FTSE at the top.  The first chart is the 144 overlay and you can see how the index stopped and reversed after the 144 expiration.  This was followed by a one bar counter trend that indicated there could be a fast move down.

I noted previously some dates that would follow this 144 expiration that could be important.  The 6^th and 24^th of March, the 5^th 11^th 29^th April and the 23^rd of May.  Out of that series of date the most important was the 24^th of March because that was 180 days from low.  As I’ve mentioned before there are two very significant vibrations in time that run through all markets.  They are a 144 vibration and its 1/3 and 1/8 divisions and 90’s and its multiples and divisions.  Some markets are dominated by 144 and others by 90’s.  Remember these are all in calendar days not trading days. 

The next chart is the same time period with a 180 calendar day overlay.  You can see the 5^th was a trading day off the low and the 24^th was the high.  One quarter of 144 is 36 and 144 plus 36 is 180 calendar days or one half the one year cycle.  This is way 180 in this circumstance can be important.  So far it has been resistance but could also set up to be something significant.  The index has come down three days since the 180 time window.  The normal correction within a fast trend up is 1 to 4 days and with the index down 3 days in could simply be representing a counter trend down in a fast trend up.  BUT it is also now two days up and if it cannot get above the last high within the next two days it could be representing a counter trend up in a down trending market or if it falls below the last low it would have exceeded the “normal” counter trend down for an uptrend and indicate a possible trend down.  After a 180 time period, which carries a “change in trend” probability, this could represent a much larger move down.  So the next two days can become quite important.

Ftse2

So it is simply a matter of determining if there is a counter trend up in a downtrend or a counter trend down while trending up.  The high price to the move was the “Low Before the Last High” (labeled LBH) and is usually resistance the first time against it in most markets and can also produce a significant move down.  So there are some price and time probabilities present and is now up to the market to prove which way is the counter trend.

The following are a list of some dates that started a 144 time period and ended a trend:   961111, 970624, 971112, 991018, 991230, 000417, 040324, 040816 and 041209.  If this 180 time period is valid to change the trend the time vibrations will also likely change and we’ll look at those next week. But first we need to see “which way is the counter trend” so we can see which way is the trend?