So with your alternate, is your target around 1310 where the dots are above in the channel?
StrikePrice wrote:
bobo wrote:StrikePrice or any other EW types:
As I said the other day I am new to the board.
Where do you think we are in the wave count. I suspect we are in (v) of C of minor 2. I am not sure if iii of (v) is concluding or we are near the end with one pullback and a push higher to conclude it. There is a Bradley model date tomorrow.
The sad part is that the retail investor who sells in May and goes away may be buying in right now and will be caught holding the bag. If there is a minor 3 down on the way it could be devastating for the retail sector heading into the holiday shopping season.
I only count short-term so can't say major or minor. Gotta always make something your own. I count from Major Top or Bottom. 1075 most recent Major Bottom fully confirmed today with breakout of down channel from 1340. Here is my Alternate to my Primary posted earlier. This one is gaining more validity as this breakout holds above 1262.
Looks like the 3 push up pattern is still in play although the SPX is riding the upward trendline. I decided to take what appears to be a low risk short. If we close above trendline I will take the loss. GLTA
KENA wrote:Hope you all are watching the volume..Very low on up and much more on dn.
I know volume play a major part but price pay, I focus more on price pattern the only time they get me is over night gap. well, it is what it is like I always said. it would be so boring if it's so easy right?
My comments are for entertainment/educational purpose only. NOT a trade advice.
Al_Dente wrote:Go to 10:26ET on 1/25/11 (i think?), snag that post/chart, and come back
back to January? J/K...I will, but can't now.
Sorry, was 10/25 post.....edited/reproduced here:
.....First, we went astray on the correlation, I started with ECH Chile, and wanted u to see the China/$SPX/Indonesia/Peru all at near perfect correlation with Chile. (As u know: perfect correlation is 100%, zilch negative correlation is 0%, anything above 50% is considered positive correlation, etc….), anyway, maybe no surprise (?) that the biggest copper producing nations all correlate strongly…. but Chile corr with $SPX was a surprise, and Chile’s NOT AS STRONG correlation w JJC was a surprise…. http://stockcharts.com/h-sc/ui?s=ECH&p= ... listNum=15
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
What is Volpinacci saying today? It looks to me that we're going to have a correction here only to bounce once again for a final thrust up. That top will be the short of a lifetime.
Volpinacci is sending you his regards and this chart, which you probably remember. He has a broad zone as a target for this C wave up (in red on the “dome”, to be reached soon)…when we also should close the corrective WAVE 2 (in yellow square). Then…down on big W3!
===
Note: he thinks, however, that now the “banksters” will outperform the rest of the market. That is why he selected the GS chart which I posted earlier this morning. The present conditions of over-leveraging and voluntary but conditional haircuts are wonderful fertile grounds for THEM!
Thanks. Let's see if we can close at MAD today. If not, I sense weakness in bulls.
so far it's MAD.
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But do your analysis; don't blindly follow some dude with crayons and a ruler!
99er,
I think it takes tme to get there. I believe the deadline how to balance cut and spending were scheduled for NOV. We will be hearing about it next month. I don't think we fall fast till next week. Maybe or maybe not.