the june 27 low. then i want to see how it acts after that if im right we will put in some kind of a top within the next two weeks.
we will see its a possibility one of several and i have no dog in this hunt fwiw
from an ewave standpoint i have this pullback as a wave iv off of
Started by
gannman
, Aug 19 2016 03:40 AM
3 replies to this topic
#1
gannman
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Posted 19 August 2016 - 03:40 AM
feeling mellow with the yellow metal
#2
Geomean
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Posted 19 August 2016 - 05:31 AM
It's interesting to project a target area for SPX's minute Wave 5, (v), ect. drawing a parallel of the line between the ends of minuette waves 2&4 from the top of minuette Wave 3. This long chop has made for some unintuitive revisions and alternatives in the counts, ( but when the alternatives are eliminated the improbable becomes more likely). The depth of this wave 4 (iv) looms large in picking the probable alternative and projecting the top of this run using EWT.
Edited by Geomean, 19 August 2016 - 05:37 AM.
Opportunity knocks on your door every day-answer it.
#3
pisces
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Posted 19 August 2016 - 08:29 AM
It's interesting to project a target area for SPX's minute Wave 5, (v), ect. drawing a parallel of the line between the ends of minuette waves 2&4 from the top of minuette Wave 3. This long chop has made for some unintuitive revisions and alternatives in the counts, ( but when the alternatives are eliminated the improbable becomes more likely). The depth of this wave 4 (iv) looms large in picking the probable alternative and projecting the top of this run using EWT.
It's interesting to project a target area for SPX's minute Wave 5, (v), ect. drawing a parallel of the line between the ends of minuette waves 2&4 from the top of minuette Wave 3. This long chop has made for some unintuitive revisions and alternatives in the counts, ( but when the alternatives are eliminated the improbable becomes more likely). The depth of this wave 4 (iv) looms large in picking the probable alternative and projecting the top of this run using EWT.
Thanks,and if i may ask, what are the approx- #,s you arrive at ?
#4
Geomean
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Posted 19 August 2016 - 03:04 PM
This appears to be an ending diagonal on the main EW count -- if so, then 2193 to 2203.91 ESU16 would be the collective EWT( 138.20% to 161.80%) & DeMark D-Wave projection / target area . The alternate count's projection (a thrust) (not preferred) is @ 2261
Opportunity knocks on your door every day-answer it.
