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Cobra, bears are over is for intraday only right? Still lower close ahead? Is Vix a buy here? Much appreciated.Cobra wrote:poked through the resistance, I still think a consolidation here is needed at least.
over for today and perhaps Monday. For now lower close still possible, need see how rebound goes first.noob wrote:Cobra, bears are over is for intraday only right? Still lower close ahead? Is Vix a buy here? Much appreciated.Cobra wrote:poked through the resistance, I still think a consolidation here is needed at least.
Makes sense.Kato wrote:Another possibility with lower odds than Cobra's plan. SPX completing right shoulder of HS.
I'd agree....if this were a bull market. But the world economy is a balloon. Not since Baghdad Bob spoke have such lies been put forth as to "recovery" as month-after-month the American investor must net withdraw funds from the stock market to survive.Buckethead wrote:Every bull market people try to pick tops. It's a very stupid strategy.
Try to see what the count might be if you were to consider that the (b) of (ii) cannot be that short in time. It changes the entire count, IMO. 99% of ever B wave I have ever seen that is infinitesimal in time to the same degree of its wave A and wave C ends up, later, having to be changed. So I never place them as such to start with. Yes, it makes it easy to label and allows one to move forward to the rest, but I had to ask myself why I did that so many times that I will no longer label a brief wave, and particularly one without structure, a B wave. Ponder that for a bit (and see if we go lower ) and if you think it might just be an additional subdivision here in a trend change that the computers caused. Oh, and watch "Colossus: The Forbin Project" if you've never seen it. NetFlix has it. Machines take over the nuclear arsenals and they don't bluff.TWT wrote:SPX: a usual the pullback looks more corrective then impulsive which could imply that the correction is over
Below I have 3 potential EWP
Bears need to pray that today´s lod is wave (1) of (C)
Looks like a nice H&S with gaps below.Cobra wrote:big picture.
SWALSH isn't BOB Tim Geithner's Uncle ??SWalsh wrote:I'd agree....if this were a bull market. But the world economy is a balloon. Not since Baghdad Bob spoke have such lies been put forth as to "recovery" as month-after-month the American investor must net withdraw funds from the stock market to survive.Buckethead wrote:Every bull market people try to pick tops. It's a very stupid strategy.
http://www.youtube.com/watch?v=CXl1GkWWGmA