about a week ago, some did an extensive posting about a cycle low coming very soon? can't remember who...any update on that?
cycle bottom
Started by
tommyt
, Feb 12 2009 11:25 AM
11 replies to this topic
#2
Russ
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Posted 12 February 2009 - 11:34 AM
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#3
blustar
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blustar
Posted 12 February 2009 - 11:42 AM
We are in wave 3 in the stock market due to bottom Friday (777/782 area), wave 4 Tuesday and wave 5 Feb 19. Wave 5 should be the biggest down wave of all of them. My target is into the 720's SPX. I said low 720's but could be mid 720's to around 727 I think.
The market made its bear flag Wednesday and did not give us the opp to short at a nice price early Thursday. We are having to chase it.
#4
tommyt
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Posted 12 February 2009 - 11:58 AM
We are in wave 3 in the stock market due to bottom Friday (777/782 area), wave 4 Tuesday and wave 5 Feb 19. Wave 5 should be the biggest down wave of all of them. My target is into the 720's SPX. I said low 720's but could be mid 720's to around 727 I think.
The market made its bear flag Wednesday and did not give us the opp to short at a nice price early Thursday. We are having to chase it.
Thanks Blue, you nailed this so far.
#5
tommyt
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Posted 12 February 2009 - 12:04 PM
Blue, I got stopped out on gld yest, is your high off?
#6
typicalbear
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Posted 12 February 2009 - 12:05 PM
Echo did some Hurst work on Feb2.
#7
tommyt
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Posted 12 February 2009 - 12:14 PM
[quote name='typicalbear' date='Feb 12 2009, 09:05 AM' post='433459']
Echo did some Hurst work on Feb2.
yes, was wondering about echo's low point also?
Echo did some Hurst work on Feb2.
yes, was wondering about echo's low point also?
#8
Russ
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Posted 12 February 2009 - 12:21 PM
We are in wave 3 in the stock market due to bottom Friday (777/782 area), wave 4 Tuesday and wave 5 Feb 19. Wave 5 should be the biggest down wave of all of them. My target is into the 720's SPX. I said low 720's but could be mid 720's to around 727 I think.
The market made its bear flag Wednesday and did not give us the opp to short at a nice price early Thursday. We are having to chase it.
Well there must be a bigger wave 5 low coming in April as you and I are in agreement that April will be the final low for spring of 2009, then more lows into the autumn, mid 2011 pi cycle date will probably be the final low of the bear market, although the pi cycle discoverer Armstrong is has written about the final low showing up in 2010 I think. I have indications that 2011 will be the final low though.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#9
relax
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Posted 12 February 2009 - 12:40 PM
april could easily be a high
come on late january quite a few were screaming major bottom/heading higher
bottom line we are still above 800 and consolidating and trying to predict what will happen in april is 50/50
armstrong's cycle predicts a high in april
late april will be a key turning point, as it also represents a 8.6 month cycle (mayan year) from the aug 08 top
#10
blustar
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blustar
Posted 12 February 2009 - 01:14 PM
The high could be off a day. Tomorrow is a cycle low for gold. Already the miners are selling off(they tend to lead), but they should gap down tomorrow.Blue, I got stopped out on gld yest, is your high off?
