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are we seeing a 5 wave move down in qqq off of the top on 12 /27


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#1 gannman

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Posted 01 January 2017 - 03:25 AM

all i can say is possibly. too early to tell but something to watch . of course this is the market that never ever tops

 

for any reason what so ever ha ha so to say an important top is in requires more than a couple of trading days

 

at least of me anyway . but it will be fun to follow i am not short anything fwiw

 


feeling mellow with the yellow metal


#2 da_cheif

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Posted 01 January 2017 - 09:18 AM

the decline of 08 09 was five waves down......as was sept dec 87    ....oct 90   ....  as was 2000 2001 ....in each instance some well known ewavers considered them impulse waves to be followed  by further declines after an abc up corrective wave



#3 qqqqtrdr

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Posted 01 January 2017 - 09:51 PM

I'm short, but nervously....   My charts are not showing we are oversold short term and we are still overvalued....    investors are still bullish so contrarians are slightly leans the market to bearish side...