22 replies to this topic

[redfoliage2]

We got Wolf Waves here.  It usually fakes out at wave 5 following a breakout:

 

Edited by redfoliage2, 13 February 2017 - 12:44 PM.

[redfoliage2]

I'm saying it will fake out, just pointing out that this is a typical Wolf Waves pattern.  Time will tell.....................

Edited by redfoliage2, 13 February 2017 - 12:54 PM.

[pisces]

the last 4 days we are seeing a  steady relentless upmove it feels like a third wave... so  more upside ahead of us .probably till end of Feb before a tradable downmove. looking for a top here was just a bad idea..

[redfoliage2]

Correction:

 

I'm NOT saying it will fake out, just pointing out that this is a typical Wolf Waves pattern.  Time will tell.....................

Edited by redfoliage2, 13 February 2017 - 01:14 PM.

[redfoliage2]

the last 4 days we are seeing a  steady relentless upmove it feels like a third wave... so  more upside ahead of us .probably till end of Feb before a tradable downmove. looking for a top here was just a bad idea..

 

That's how we got the Wolf Waves, a very rare pattern .............

[da_cheif]

thats why its called the "recognition wave" and the shuda wuda cudas" appear

[redfoliage2]

Tomorrow is a potential reversal day...................

Edited by redfoliage2, 13 February 2017 - 04:13 PM.

[AChartist]

Rut develops another high right translated wave and the weekly that is more ugly,

 

develops the 17 week low this week or next. I've seen this before the start of QEiii.

 

I dont know how to find a top of it eventually cycles go into a sudden scatter and rephase

 

and things make more sense. Passing through a down cycle RUT can have 3 down days then

 

reaches up to the next right translated cycle. Once it breaks away from a falling cycle that thing

 

is done and becomes an inversion.

 

And my stocks have earnings coming up through end of month and they mostly work I'll keep 

 

leveraging up as they work.

[AChartist]

in other words can get a few small days down now and break ahead again and this one might

 

have the 17 week cycle turned up with it. 

[opinionated]

Short yesterday Morning for a two day drop in RUT (IWM) at 139.10 via the 137.50 put... looking for 136.25 then another run to 140....  Which should be a bigger fail next week.