23 replies to this topic

[blustar]

11:54 AM EDT. From Aug 8 to 10 the SPX fell 5 waves down in what appears to be Wave A.  We are in Wave B.  Wave B had an (a) wave top on Monday near 2468 at the 11:00 EDT hourly bar. Since then, we have been in "b" of ( completing 'x' and now 'y' (irregular topping action).  'z' should take us to 2447/48 by late today/early Thursday (4 TD low +/- 1 TD) with © topping on Friday near 2477/78.  Wave C should take us down to 2424 by August 22, completing WAVE "B". This should launch a 5 wave "C" WAVE into Sept 6 to NEW HIGHS!!
 

This looks like a coming FED induced sell-off today with the reading of the minutes.

[Swiss Trader]

It's better that you observe waves just for surfing

[fib_1618]

It's better that you observe waves just for surfing

 

He's just too emotionally attached to his work which is a Bozo no-no when working with Elliott.

 

Fib

[da_cheif]

 

11:54 AM EDT. From Aug 8 to 10 the SPX fell 5 waves down in what appears to be Wave A.  We are in Wave B.  Wave B had an (a) wave top on Monday near 2468 at the 11:00 EDT hourly bar. Since then, we have been in "b" of ( completing 'x' and now 'y' (irregular topping action).  'z' should take us to 2447/48 by late today/early Thursday (4 TD low +/- 1 TD) with © topping on Friday near 2477/78.  Wave C should take us down to 2424 by August 22, completing WAVE "B". This should launch a 5 wave "C" WAVE into Sept 6 to NEW HIGHS!!
 

This looks like a coming FED induced sell-off today with the reading of the minutes.

 

>This looks like a coming FED induced sell-off today with the reading of the minutes<   really?

[blustar]

Update 12:40 PM:

We have a possible B wave top today which means wave C may be on the 18th.  Equality of Waves Priniciple suggests another 53 points down or 2422.  Hadik has Aug 18-22 as the low.
 

Some of my hourly indicators are rolling over like 6 TD's ago. (8 TD tops and bottoms +/- 2 TD's).  I have 2 trines next week due on Monday and Tuesday and these are usually positive.

[dowdeva]

I thought this analyses pretty good. It was temperate and  aligns somewhat with my own non EW analysis.

[redfoliage2]

Update 12:40 PM:

We have a possible B wave top today which means wave C may be on the 18th.  Equality of Waves Priniciple suggests another 53 points down or 2422.  Hadik has Aug 18-22 as the low.
 

Some of my hourly indicators are rolling over like 6 TD's ago. (8 TD tops and bottoms +/- 2 TD's).  I have 2 trines next week due on Monday and Tuesday and these are usually positive.

ABC waves down is logical and reasonable.  In that case the wave B up finished around 2 PM today and now buckle up for the wave C down that started in the afternoon, likely going to SPX 2440 and lower. Hopefully develop some kind divergences at certain point.  Then the correction is finished.

Edited by redfoliage2, 16 August 2017 - 07:05 PM.

[da_cheif]

 

Update 12:40 PM:

We have a possible B wave top today which means wave C may be on the 18th.  Equality of Waves Priniciple suggests another 53 points down or 2422.  Hadik has Aug 18-22 as the low.
 

Some of my hourly indicators are rolling over like 6 TD's ago. (8 TD tops and bottoms +/- 2 TD's).  I have 2 trines next week due on Monday and Tuesday and these are usually positive.

ABC waves down is logical reasonable.  In that case the wave B up finished today around 2 PM today and now buckle up for the wave C down that started in the afternoon.  SPX 2440 or lower.

 

>SPX 2440 or lower.<.....not likely imo

[dowdeva]

Red Foliage,

 

Your most recent posts were much more optimistic short term.

 

Why the change of mind?

 

~D

[redfoliage2]

Red Foliage,

 

Your most recent posts were much more optimistic short term.

 

Why the change of mind?

 

~D

 The bullish case was invalidated when SPX failed at the resistance 2475 and the case became bearish.  In a bearish scenario a likely pattern is ABC waves down.

Edited by redfoliage2, 16 August 2017 - 11:45 PM.