7 replies to this topic

[eminimee]

Breaking the 1300 mark and the lower prong on the spx fork could be hazardous to your wealth...if long of course...BKX may just be the example of what's in store....

http://stockcharts.com/c-sc/sc?s=$BKX&p=D&st=1994-07-28&i=p44493448551&a=113122393&r=8675.png




http://stockcharts.com/c-sc/sc?s=$SPX&p=D&st=1994-07-28&i=p73099456061&a=142133285&r=5259.png

[eminimee]

You might also keep an eye on the macd here...
http://stockcharts.com/c-sc/sc?s=$SPX&p=M&st=1980-01-01&i=p25039843008&a=90720826&r=4201.png

[ogm]

Very possible scenario. Once the commodity bubble pops and the deflationary spiral takes hold.

[gorydog]

Breaking the 1300 mark and the lower prong on the spx fork could be hazardous to your wealth...if long of course...BKX may just be the example of what's in store....

Tea,
What do you think about this being 3 in a LD down from 1440 on a 60 min?
GD

[eminimee]

Breaking the 1300 mark and the lower prong on the spx fork could be hazardous to your wealth...if long of course...BKX may just be the example of what's in store....

Tea,
What do you think about this being 3 in a LD down from 1440 on a 60 min?
GD

That really depends on how you are counting everything from last June's low I'm afraid. I have the 1440 top as an X wave....trying to complete A down from there now....B up.....then 12345 down. ...but if it's a leading diagonal...it's wave 1 not 3...can't be a 3....or with the X wave count...the leading diagonal would be wave A. Get it?
Posted this a few weeks ago...with the two paths...haven't updated anything on it yet...haven't needed to at this point...but that green "b" wave is probably marked a little higher than what I'm expecting....if we are to bounce at all!
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=1&mn=1&dy=0&i=p39420671657&a=93045759&r=4810.png

Edited by Teaparty, 10 June 2008 - 07:15 AM.

[eminimee]

PS...if we move above 1430 .....we are going above the 1440 highs and it blows that X wave apart fwiw

[eminimee]

...

Edited by Teaparty, 10 June 2008 - 08:43 AM.

[milbank]

Great discussion guys. Thanks.