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Wave pattern update


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#1 LarryT

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Posted 10 October 2018 - 04:50 PM

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
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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.

 

SPX_D_10.10.18.jpg



#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....



#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.

#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.
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