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Nasdaq...what do you guys think ?


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#1 andr99

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Posted 01 December 2016 - 12:59 PM

I see it down to 5050 to close the November gap up. If it does that, the bull market is over imo. If such thing happens, I throw the theory of Elliott out of the

window once again, because most e-wavers I know, if not all, are hyper bullish right here right now.  

 

The problem here is the spx, which doesn' t seem to cohoperate with the market TOP hypothesis


Edited by andr99, 01 December 2016 - 01:02 PM.

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#2 andr99

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Posted 01 December 2016 - 01:25 PM

...unless the spx drops down to 2130. If it does that, I would call it  market TOP confirmation


forever and only a V-E-N-E-T-K-E-N - langbard


#3 Geomean

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Posted 01 December 2016 - 01:55 PM

Prechter counts the Dow here as being in the final Minor Wave 5 (starting Nov 4, 2016), of Intermediate Wave (5) (starting Feb 2016) of Primary Wave 5 (starting March 2009), of Cycle Wave V (starting Dec 1974), of Supercycle Wave V (starting July 8, 1932). 

 

We are 34 years away from the 1982 bottom, which in turn was the low after the 1966 top.  The 1966 top was 34 years away from the 1932 bottom.  34x12 months = 432.  432 HZ is the harmonic of the A above middle C on the Helmhotz (harmonic) musical scale, and the key for understanding sonic geometry and the geometry of nature. 

 

In percentage terms a top here could fall, in terms of percentage rise, as 2X the percentage rise from 1932 to 1966.

 

Prechter recently highlighted the potential in this timeframe for a defined low risk entry for the bearish bet of a lifetime..  He counts this final minor wave 5 as currently testing the upper boundary of what he currently sees as a diagonal formation for the final intermediate Wave (5) which could complete the entire sequence, and a need to correct his count  of this last intermediate wave (5) to something other than a diagonal if the Dow exceeds 19420 or the A/D ratio exceeds 7.14 to 1.

 

$NDX can count as already finished and the recent peak as the top of a Wave (ii) retracement. 


Edited by Geomean, 01 December 2016 - 02:05 PM.

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#4 dasein

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Posted 01 December 2016 - 01:55 PM

so what do you think will happen with the italy vote?


best,
klh

#5 Geomean

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Posted 01 December 2016 - 02:09 PM

Correction, the percentage rise from 1932 to 1966 is @ 1x the percentage rise from 1982 to now, the percentage rise from the 1942 bottom to the 1966 high is about half the percentage rise from 1982 to now (the current rise is about 2x the rise from 1942 to 1966)

 

The 1982 low was the constant dollar low, 1974 is the numeric low.


Edited by Geomean, 01 December 2016 - 02:14 PM.

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#6 andr99

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Posted 01 December 2016 - 02:43 PM

so what do you think will happen with the italy vote?

in my opinion NO should win and the reason is that the millions of voters in south italy don' t want to change anything. Like they did when the North League Party asked for changing italy into a federation of peoples. They said No because they don' t want anything they suspect might change their behaviours. This time though I' m happy with that. Because this change to the constitution the leftists want (not all of them....as the extreme left is contrarian) is drawn to create an absolute power in their hands. They control the courts and everything else and they must be blocked. They have made already too much damage to the industrial economy of the North thanks to the votes of their supporters, read state employees very capable to create public debt and just that, and thanks to the cancer of state economy they are implementing wherever they are allowed to with the help of the miracle vendors called the clergy....


forever and only a V-E-N-E-T-K-E-N - langbard


#7 andr99

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Posted 01 December 2016 - 02:57 PM

obviously the banks here are for YES and for this government because the banks are parasites........


Edited by andr99, 01 December 2016 - 02:58 PM.

forever and only a V-E-N-E-T-K-E-N - langbard


#8 dasein

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Posted 01 December 2016 - 04:02 PM

thanks for the reply - good luck!


best,
klh

#9 andr99

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Posted 02 December 2016 - 05:24 AM

thanks for the reply - good luck!

I said NO should win...unless there are giant frauds with the vote of italians abroad. italiotic leftists are specialists in frauds when it comes to vote 


forever and only a V-E-N-E-T-K-E-N - langbard


#10 pisces

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Posted 02 December 2016 - 06:55 AM

Correction, the percentage rise from 1932 to 1966 is @ 1x the percentage rise from 1982 to now, the percentage rise from the 1942 bottom to the 1966 high is about half the percentage rise from 1982 to now (the current rise is about 2x the rise from 1942 to 1966)

 

The 1982 low was the constant dollar low, 1974 is the numeric low.

 

All this sounds plausible..But anything that prechter says is suspect and likely WRONG after his track record since1982. i would not risk a Dime on any of his predictions .but that is just me  Good luck and  TWT  zorro.gif