10 replies to this topic

[blustar]

The A/D is weak, but not that weak.  A move back down to test 2130 likely either late today or early Wednesday. The likely top based on symmetry and Tom DeMark's sequential countdown is the 28th and I have 2174/75 SPX as my upside target.
 

Oct 28th for a top points to the 17th of November as the likely low. A long standing TLC low exist at 11/17/16.

 

[alexnewbee]

2030

[NAV]

Wow Blu, you are a changed man !.  Predicting just a 1% move. Am i reading this right ?

[pedro]

Yup, NAV.   Stunned to read that.

Funny, but even 2130 might be a tad aggressive here.    Ballpark though.

[pisces]

Yup, NAV.   Stunned to read that.

Funny, but even 2130 might be a tad aggressive here.    Ballpark though.

 

Ditto , Amen !

[lawdog]

Yup, NAV.   Stunned to read that.

Funny, but even 2130 might be a tad aggressive here.    Ballpark though.

 

I have found Blu to be a bit aggressive on the magnitude of a move, but he's pretty good at direction and timing, which is most of it.

[blustar]

The way it is running now 2130, I agree, may be a bit too aggressive, but e-wave wise it would take out the c wave up of the Y wave with Z down in a bullish flat. I got out of my puts today for a 39% profit. If we can get down enough on the open Wednesday I will go long into Friday. November looks scary for the longs as we approach the 40 week lows.

[blustar]

2130 so far!

[blustar]

Well 2131/32 close

[Shaggies_View]

Nice one blu! Da Man....