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looks like it is really breaking down now..I have 2390 as my entry point from bottom for reentering within ascending triangle.BullTart wrote:Made it back into the ascending triangle within time... looks like that was fakeout to shake the longs out and snap up all the stops before heading back up... now let's see if we make it back up to the top of the triangle
Boss: how do you chart the "Russell 2000 equivalent of the NYMO" ??Mr. BachNut wrote:Hmmm......On my calculation of the Russell 2000 equivalent of the NYMO, the oscillator went positive yesterday.
Perhaps we will see the R2K lead the turn. Something to watch.
All of our old friends are coming back....Junior Buffett wrote:.......looks like it is really breaking down now..I have 2390 as my entry point from bottom for reentering within ascending triangle.
thank you boss..yes bottom sniffing!Al_Dente wrote:All of our old friends are coming back....Junior Buffett wrote:.......looks like it is really breaking down now..I have 2390 as my entry point from bottom for reentering within ascending triangle.
WELCOME BACK
Thanks! Did he give any levels/numbers?Al_Dente wrote:I just listened to an Eliott Wave International podcast thingy.
He believes that there will be violent short-covering rallys, BUT NO DURABLE BOTTOM YET because “market allocation” has yet to wash out to its lowest point. Meaning the market won’t bottom until EVERYONE is out.
So, don’t get back in yet (except for short-term covering rallys …aka: rallys in a bear market). Wait for everybody and their uncle to be OUT OUT.
No, he didn’t give numbers. He showed historical crash charts, and “proved” that the “We are in uncharted territory” narrative is false.QED wrote:Thanks! Did he give any levels/numbers?Al_Dente wrote:I just listened to an Eliott Wave International podcast...
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The three Elliott Wavers that I watch:Al_Dente wrote:Any EW folks here?
All the charts he showed were dow charts $INDU
no $SPX charts
comment on this please
[as you may have noticed, i am not an EW person, but he made it VERY simple..... simple enough for even me to follow]