13 replies to this topic

[blustar]

5%+ Waterfall Drop Coming!

 

I'm looking for a huge down day Friday.  By Monday we should be in the vicinity of 2338/42 ,down over 5%.

Charts below of Dow Industrials and Dow Transports:
 

[tradesurfer]

Very nice call recently on the drop. Nice job. 

 

It seems like transports are on a nice short term support zone and then combined with the uptrendline seem to suggest it will get some bounce support on Friday at least in the am or first part of Friday?

Edited by tradesurfer, 27 July 2017 - 06:26 PM.

[trioderob]

if it does  - thats not due to Mars flying over Uranus - thats because the heath care bill flopped again taking out investor confidence 

[NAV]

 

 

Very nice call recently on the drop. Nice job

What drop ?

[pisces]

 

 

 

Very nice call recently on the drop. Nice job

What drop ?

 

 

Thats what i say : what drop , the s+p was down less than 2.5pts or 0.01% . tradesurfer get real   .

[Swiss Trader]

"...Dow INDU falling in waterfall fashion to next support about 5.85% down from top into July 31..."

 

What have you been smokin' man?

[Geomean]

2340's corresponds to some fib projections, but time wise maybe not quick, but choppy and hard to trade. But choppy could be spikes, both ways or a triangle, Its hard enough to project time and price, path appears even more difficult, a task few prognosticators suggest. Just darn hard to have confidence on paths and potential zigs and zags, flats or triangles, especially if this is a minor wave 4 starting.

[tradesurfer]

Well I give him credit for the big swoon down in QQQ and the intraday drop in sp500.  

 

 

 

 

 

Very nice call recently on the drop. Nice job

What drop ?

 

[blustar]

I believe I wrongly assessed the big drop in the SPX yesterday to a larger e-wave degree.  This brings me back to SPX 2403.59 for Monday.  The chart below shows the unwinding of the triple irregular Y Wave top.  Magenta xyz are of the Micro wave, then Molecular, white small capital A,B wave, and finally Atomic wave, tiny, small a,b.  We are the third of the third, the shock wave any time now.

 

Edited by blustar, 28 July 2017 - 11:28 AM.

[da_cheif]

>We are the third of the third, the shock wave any time now.<      welcome