19 replies to this topic

[SemiBizz]

 

2013 Fractal vs today

 

 

 

 

 

[SemiBizz]

6170 - right on track...

 

28 more points to go...

[Geomean]

How about Wave 3 ending at a Golden Ratio 6180. 34?  Would that be too weird? 

 

It get's more weird.

 

6180 It's just above the +2/8 octave target and just above the next DeMark Supply line resistance.

 

Then add that we're close to a TD Combo 13 sell signal on the daily chart (12 printed  today).  We will print a TDSEQ13 sell signal on the weekly chart if we close above 5910 (duh, it should print Friday)..

 

Now if that wasn't enough, there was a VERY rare TD Analog™ High print at last months close.  The two most recent TD Analog™ high monthly prints were the 2004 and the 2000 high monthly closes.

 

This is an extremely rare alignment of DeMark signals across all time frames (even the hourly, which printed a TD COMBOh13 sell signal at today's close (but it looks like a minuette wave 3 high) 

 

So watching and waiting for price flips

Edited by Geomean, 16 May 2017 - 04:00 PM.

[SemiBizz]

I think we're going to 6198 minimum for two reasons..

 

AMAT after the Bell Wednesday

 

CSCO after the Bell Thursday.

[lawdog]

data mining (chart mining); don't think that's much of a fractal anyway.

[SemiBizz]

We'll see what happens...

 

X.618s are freaky.

 

And you are entitled to your opinion as am I.

Edited by SemiBizz, 16 May 2017 - 05:47 PM.

[lawdog]

as they say, markets usually don't repeat, but they often rhyme. 

[SemiBizz]

Since my speciality is price and volume analysis.... or better stated - Volume-Based Price Targeting...

 

It always presents a challenge in the absence of price and volume history, and that's the case when you are making new highs.

 

I rely on Fibonaccis, Fractals, hone my work into smaller timeframes like hourly to get the best picture.

 

For example, today we had a pullback on the Nasdaq that filled the opening gap up.

 

From there I had to identify a target.  We had a platform of lows around 6140 on the hourly chart.

 

Today's low was just under all of those lows at 6139 and change, when they tested on lighter volume that set up the conditions for a bullish spring

 

We got that spring and launched 31 points higher to 6170.  We closed right under it, giving us odds for more rally, especially since we had stronger volume.

[SemiBizz]

Nasdaq failed to get to 6198 or even 6180...

 

That Fractal looks pretty good here....

 

Count the number of trading days from the gap and go on both those charts...

 

I get 17 on both to the top...

 

That's what I was looking at....

Edited by SemiBizz, 17 May 2017 - 02:35 PM.

[SemiBizz]

Since my speciality is price and volume analysis.... or better stated - Volume-Based Price Targeting...

 

It always presents a challenge in the absence of price and volume history, and that's the case when you are making new highs.

 

I rely on Fibonaccis, Fractals, hone my work into smaller timeframes like hourly to get the best picture.

 

For example, today we had a pullback on the Nasdaq that filled the opening gap up.

 

From there I had to identify a target.  We had a platform of lows around 6140 on the hourly chart.

 

Today's low was just under all of those lows at 6139 and change, when they tested on lighter volume that set up the conditions for a bullish spring

 

We got that spring and launched 31 points higher to 6170.  We closed right under it, giving us odds for more rally, especially since we had stronger volume.

 

And now that we are under the highs.. .I have all the data I need between 2400 and 666 on the SPX, and my work is going to get substantially easier and more accurate.

 

Volume rules the path of the markets.  Watch !