Wednesday, January 10, 2018

January 10, 2018 10:43am follow up - a lesser success, perhaps a profound lesson

10:07am - As somewhat expected, but not for my incorrect Elliott Wave or Edwards and Magee reasons, DJIA dropped at the open and filled the January gap up.  The gap down (25375 down to 25348, a break away gap to the downside, hard to argue downside exhaustion) at today's open "must be filled" (a rule or myth but hardly a law).  If there is upside momentum to fill that upper gap, then there remains the possibility that the prediction of the "final high" will occur at 10:43am.


On the other hand, there was a very sharp pivot at 9:52am this morning.  There isn't a marker in the WD Gann weekly "Map of Time" for 9:52am.


Nothing there in the above insert.  In the limited testing I've done, it appears that if a time is marked, then there will be an exact or closely proximate DJIA pivot.  The reverse is not true; that a pivot that occurs in the market may not have a marker attached to the related weekly MOT time.

Still, for such a sharp pivot as this morning at 9:52am, I would have expected a marker in the MOT...and there was not one.  This implies my derivation of the weekly MOT is not accurate.

I'll continue to add to this post today as the 'experiment' continues.

10:22am DJIA 25334 and needs to go 100 points to 25440, minimum.

10:43am So ends this experiment, a new high was not made at 10:43am:


Wrong, the price pivot did not give us a new all-time-high as implied by "Greatest."

10:52am  However, there is a great though lesser success.  The weekly MOT predicted a price pivot at 10:43am, regardless of the "Greatest" encoding.  It occurred at exactly 10:39am, within 4 minutes of the 10:43am prediction:


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A profound lesson, taught to me yet again; never trust the subjective encoding or subjective language.  If it is not a mathematically derived conclusion, it is unproven and unreliable, it is not cause (math) and effect (result).

Jim Ross

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