9 replies to this topic

[fauxpas13]

[fauxpas13]

[fauxpas13]

[fauxpas13]

[jmicou]

Really nice work, as usual. Thanks for posting. regards, jmicou

[PorkLoin]

Hey Fauxpas -- I agree on that triangle count, and feel the thrust higher was a good bet. From two days ago:

I think the best bet is for the Qs to go higher here. Last 7 trading days sure look like a consolidation, and that last little sharp move down toward 42 today feels like a textbook "E" wave of a larger ABCDE from the high on the 16th.

7 days making a triangle IMO and at least ought to get a quick thrust to over 43.

QQQQ got to 42.92 yesterday, so we've just about done a reasonable minimum here. If the triangle deal is right, then we ought to be finishing up a larger move, meaning a larger correction would be after the thrust higher, at a minimum.

Or, did we only have a little two-day decline from October 16, followed by more stair-stepping higher action, i.e. a more bullish count?


Best,

Doug

[fauxpas13]

Thanks Jmicou...which reminds me, I need to visit TW more and stop missing the class work by you, Randy and others (lost my password there).

Doug: After looking at things over weekend, I'm wondering if I wasn't over anxious to cut the daily pic down into an intraday time frame, so to speak, with that triangle count being complete...see chart below comments...and that was a very nice call by you on the 60m Q's, btw

[PorkLoin]

Textbook five waves down and three up in the NDX from last week's high.

[Jnavin]

...projects a target of about 1700.

[fauxpas13]