Few weeks back posted this chart for a minimum completed wave off the May wave (4) low. Couple more week time and after five down, bounce I will be able
to determine if the advance since May was just wave 1 of a fifth or was it the completion of the advance since 2009.
https://pbs.twimg.co...KRaX4AEg_8L.jpg
Wave pattern update
Started by
LarryT
, Oct 10 2018 04:50 PM
6 replies to this topic
#1
LarryT
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#2
tsharp
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Posted 10 October 2018 - 08:19 PM
No disrespect, Larry, but the size of the drop here does not compute, unless THE top is in, and I do not see it that way...
I suggest this drop is a part of wave-iv, the wave-c leg down with the most likely target (in my work) of ~2600 SPX... twt.
#3
Waver
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Posted 10 October 2018 - 08:33 PM
I am with this decline being a C Wave Down before Wave 5 up.
#4
tsharp
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Posted 10 October 2018 - 08:41 PM
P.S. wave-i & wave-ii are already complete, so this is a wave-iii portion of the decline... wave-a:a:iv was a total of 10-trading-days... we are 6-days into this decline.
#5
K Wave
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Posted 10 October 2018 - 09:43 PM
I am curious as to you guys take on NY Composite
Looks to me like Jan was THE top, and now wave 3 down just gettin' underway after the final breakout/fakeout move above 13K...
I have always found that it is MUCH better to look at multiple indexes, as one may give a better look at things than another....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#6
Waver
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Posted 10 October 2018 - 10:24 PM
Imo, because of the look of the NYA and the DOW, this most recent top in the SP500 and the DOW is a Wave B with a Wave C down.
On a larger basis, this is how I am looking at it.
On a larger basis, this is how I am looking at it.
#7
LarryT
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Posted 11 October 2018 - 06:21 AM
Imo, because of the look of the NYA and the DOW, this most recent top in the SP500 and the DOW is a Wave B with a Wave C down.
On a larger basis, this is how I am looking at it.
Could be a "C" wave, just sayin it "could" also be a fifth wave.
It died in the Fibonacci yellow box for a classic fifth wave after a triangle wave four.
We should know by the elections which it was.
