12 replies to this topic

[Geomean]

The TD Supply line was just hit as were numerous fib targets using EWT.  The DeMark TD Sequential™ on the hourly chart just printed a 12, and a 13 could print this bar if the close is above 2478.28.  The daily printed a TD Sell Set up 9 yesterday.  A Hurst analysis using a variety of start dates indicate a high around here and a long term view starting in the 1920 low suggests a very significant top.  Whether this would complete Minor Wave 3 or Minor Wave 5 of 5 of 5 of 5 of 5 is not clear to the expert Elliottians but a swing top is expected.

[tommyt]

Thanks Geo, and like clockwork, we "normally" get a seasonal high right in this time frame into Sept/Oct. Am buying VIX 10/20 call spreads out a few months.

[da_cheif]

The TD Supply line was just hit as were numerous fib targets using EWT.  The DeMark TD Sequential™ on the hourly chart just printed a 12, and a 13 could print this bar if the close is above 2478.28.  The daily printed a TD Sell Set up 9 yesterday.  A Hurst analysis using a variety of start dates indicate a high around here and a long term view starting in the 1920 low suggests a very significant top.  Whether this would complete Minor Wave 3 or Minor Wave 5 of 5 of 5 of 5 of 5 is not clear to the expert Elliottians but a swing top is expected.

so the epicenter of primary wave 3 up remains with me only?

[Geomean]

Perhaps.  Can't speak for all Elliottians. 

 

EWI (Prechter), is counting this swing up as a continuation of minor 3 of intermediate 5 of primary 5 of intermediate 5 of cycle Wave V which will complete a Super cycle degree wave.  Prechter counts this Cycle degree wave 5 in the nominal Dow as beginning at the Aug. 1982 cycle degree IV low and counts primary 4 as ending at the 2009 lows. Prechter takes his count back to 1692.  Prechter also has  counts based on the Dow/Gold, Dow/Constant dollar, and Dow/PPI time series and recently noted that those charts and counts are unfolding in a manner that they will peak simultaneously with the nominal Dow. 

[da_cheif]

in 1994 in an interview with barrons prechter sed that if the dow were ever to go above 4000 it would prove that i didnt know what i was talking about and therefore nobody shud ever listen to me again............bobo is to old to find a new way of making a living thus the world will be saddled with his inane blatherings till he meets his maker......

[NAV]

 

The TD Supply line was just hit as were numerous fib targets using EWT.  The DeMark TD Sequential™ on the hourly chart just printed a 12, and a 13 could print this bar if the close is above 2478.28.  The daily printed a TD Sell Set up 9 yesterday.  A Hurst analysis using a variety of start dates indicate a high around here and a long term view starting in the 1920 low suggests a very significant top.  Whether this would complete Minor Wave 3 or Minor Wave 5 of 5 of 5 of 5 of 5 is not clear to the expert Elliottians but a swing top is expected.

so the epicenter of primary wave 3 up remains with me only?

 

 

Tony Caldaro also has primary 3 up scenario like you.

 

https://caldaro.wordpress.com/

 

But nobody on this board mentions him as he is too bullish for their liking. 

[NAV]

Perhaps.  Can't speak for all Elliottians. 

 

EWI (Prechter), is counting this swing up as a continuation of minor 3 of intermediate 5 of primary 5 of intermediate 5 of cycle Wave V which will complete a Super cycle degree wave.  Prechter counts this Cycle degree wave 5 in the nominal Dow as beginning at the Aug. 1982 cycle degree IV low and counts primary 4 as ending at the 2009 lows. Prechter takes his count back to 1692.  Prechter also has  counts based on the Dow/Gold, Dow/Constant dollar, and Dow/PPI time series and recently noted that those charts and counts are unfolding in a manner that they will peak simultaneously with the nominal Dow. 

 

You are quoting the worst elliotician, market timer and technical analyst on this planet. Wrong for 3 decades and counting...

Edited by NAV, 26 July 2017 - 06:54 AM.

[da_cheif]

 

 

The TD Supply line was just hit as were numerous fib targets using EWT.  The DeMark TD Sequential™ on the hourly chart just printed a 12, and a 13 could print this bar if the close is above 2478.28.  The daily printed a TD Sell Set up 9 yesterday.  A Hurst analysis using a variety of start dates indicate a high around here and a long term view starting in the 1920 low suggests a very significant top.  Whether this would complete Minor Wave 3 or Minor Wave 5 of 5 of 5 of 5 of 5 is not clear to the expert Elliottians but a swing top is expected.

so the epicenter of primary wave 3 up remains with me only?

 

 

Tony Caldaro also has primary 3 up scenario like you.

 

https://caldaro.wordpress.com/

 

But nobody on this board mentions him as he is too bullish for their liking. 

 

only thing is caldaro is very late the epicenter count

[Data]

There is no 1920 low unless it's on the calendar.   Once you start throwing out distant dates, whether it's Prechter's 1920 low or Dailio's 75-year cycle, there is a large amount of room for error, variation, or re-interpretation, regardless of whether the forecaster is good or not. I think the same skeptcism can be applied for forecasts that are too precise and appear to be just retrofitting analysis

[redfoliage2]

SPX hit a strong trend line resistance at the current level.  It needs to pullback to at least 2465 for a consolidation, but more likely 2435.   The Fed is not helpful today.

Edited by redfoliage2, 26 July 2017 - 02:10 PM.