Volume Dynamics Specialist
Posted 12 April 2017 - 11:48 AM
So it makes sense, many, many chip firms do their fabrication in S. Korea with big giant electronics firms there like Samsung.
In addition, we have major OEM assembly and test, as well as a concentration on mobiles and smart phones...
You look at QCOM just one example, last few days... heavily dependent on S. Korea for production and customers.
Member
Posted 12 April 2017 - 12:29 PM
not going to happen - the north side has hundreds of thousands of missles aimed at the south
this is about Yellen turning off the flow of easy money
Member
Posted 12 April 2017 - 12:55 PM
Now I don't know about the SOX and war fears, but it just hit a 1.618 extension price target of near the bottom of the prior 4th wave of lesser degree (the low on 2/24), will print day 8 of a TDSEQ buy set up today (and most likely the 9 buy signal tomorrow) and could have completed a larger degree wave 4 (of an ending expanding diagonal) by completing a minute wave C this am in the hourly, with wave 5 of 5 next. Anyway, its a well defined set up at this point at a projected short term cycle low, and given the wave counts one can set their stop loss close by, especially if trading SOXL. If it's triggered 
then the top is likely in on SOX and the Elliottician's will have to come up with an alternate. 
Edited by Geomean, 12 April 2017 - 12:57 PM.
Member
Posted 12 April 2017 - 12:59 PM
Geo, clarification? You say a buy setup is setting up on TDSEQ, but then say if it is triggered top is likely in?
TIA
Edited by dowdeva, 12 April 2017 - 12:59 PM.
Member
Posted 12 April 2017 - 01:15 PM
If the stop loss is triggered, which could be set a little below the bottom of wave 2 of a hypothetical ending expanding diagonal (Wave 2 is at the 963.03 low on Mar 6 in the SOX, then the top of wave 5 of 5 is likely in and we are not seeing an expanding ending diagonal.
If SOX is completing a wave 4 of 5 of an ending expanding diagonal, wave 4 can not go below the bottom of wave 2. So there has to be a pivot here or that count will be invalidated.
The fact that SOX will print a TDSEQ set up day 8 today, suggests the TDSEQ buy set up 9 could complete tomorrow in the daily chart with a low of that bar higher than 963.03 and even higher than the low of today. Indeed, if the close tomorrow in SOX is below the 999.35 close on 4/7, then the 9 will print. The lows of bar 8 are often lower than the low of bar 9, in a buy set up (or higher ect in a sell set up)
