DGP Daily Chart, DeMark, Wave, Fib Days, and Ermanometry Indicators
 Nov 30 2011, 02:36 PM Post #1 Member Group: Traders-Talk User Posts: 841 Joined: 14-August 10 From: Kansas Member No.: 9670 This post has been edited by Geomean: Nov 30 2011, 02:38 PM -------------------- Opportunity knocks on your door every day-answer it.
 Nov 30 2011, 02:40 PM Post #2 Member Group: Traders-Talk User Posts: 841 Joined: 14-August 10 From: Kansas Member No.: 9670 I should have noted that we will likely get a print of the completion of TD Wave A at today's close, if price continues to exceed the price of the 7 prior days. That will then permit a price projection for Wave B, which will calculate on the close. -------------------- Opportunity knocks on your door every day-answer it.
 Nov 30 2011, 02:46 PM Post #3 Member Group: Traders-Talk User Posts: 2273 Joined: 26-October 03 Member No.: 414 QUOTE (Geomean @ Nov 30 2011, 02:40 PM) I should have noted that we will likely get a print of the completion of TD Wave A at today's close, if price continues to exceed the price of the 7 prior days. That will then permit a price projection for Wave B, which will calculate on the close.Hello Geo,Wave A was the down move and Wave B is the up move in progress, right?
 Nov 30 2011, 05:48 PM Post #4 Member Group: Traders-Talk User Posts: 841 Joined: 14-August 10 From: Kansas Member No.: 9670 QUOTE (Echo @ Nov 30 2011, 01:46 PM) QUOTE (Geomean @ Nov 30 2011, 02:40 PM) I should have noted that we will likely get a print of the completion of TD Wave A at today's close, if price continues to exceed the price of the 7 prior days. That will then permit a price projection for Wave B, which will calculate on the close.Hello Geo,Wave A was the down move and Wave B is the up move in progress, right?Hi DocCorrect. Wave A, is a down wave. It is .618 x the number of days to establish the high. [ I use the TD-Wave™ 'up' wave setting as it seems to fit the best].Now it gets interesting. As Tom notes, once the first wave is complete, "... it is possible to estimate price objectives by multiplying the first wave by various Fibonacci numbers, such as 1.618, 2.618 and 3.618 ..." The New Science of Technical Analysis", p. 106. The current 1.618 fib projection of the range of Wave 1 is 82.49 for DGP, shown with the gold crosses at the top of the chart. -------------------- Opportunity knocks on your door every day-answer it.
 Nov 30 2011, 06:20 PM Post #5 Member Group: Traders-Talk User Posts: 2273 Joined: 26-October 03 Member No.: 414 Thanks Geo. I am long DGP, so I appreciate the analysis. I was looking to add at 53.50 last week but it never got down that low.

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