Bovespa E-wave update (peak within 7 - 9 days)

I follow this thing as it tends to have a clearer wave picture than the SPX and it tends to peak or bottom within a day or so of each other. Here I show what I would call wave 5 of E. where we are now in the middle of wave iv with v yet to come. This would indicate a peak sometime the week after OPEX.

http://stockcharts.c...p...1&listNum=2

By the way the pump is fully at work on Monday Morning as it usually is.

GS.

I have Thursday shortly after noon as highest probability for the I/T high. Pullback into 3rd week of Feb.

Best,

BW

I follow this thing as it tends to have a clearer wave picture than the SPX and it tends to peak or bottom within a day or so of each other. Here I show what I would call wave 5 of E. where we are now in the middle of wave iv with v yet to come. This would indicate a peak sometime the week after OPEX.

http://stockcharts.c...p...1&listNum=2

By the way the pump is fully at work on Monday Morning as it usually is.

GS.

BWT, DAT would make sense to me if my interpretation of the wave (iv) is wrong. By your comment, it would imply wave (iv) is done and we are now in the process of completing wave (v) of 5 of E. GS.

Stronger here than normal O/E week with an exhaustion gap expected Th. Bulls need some sharp tests of support, bears are just about out of bullets. If we get the moderate early week strength followed by the mid-week strength I'm expecting that will do it until the correction is over.

BW

BWT, DAT would make sense to me if my interpretation of the wave (iv) is wrong. By your comment, it would imply wave (iv) is done and we are now in the process of completing wave (v) of 5 of E.

GS.

Sort of like those Nostradamus predictions. There's always next year. Best bet is 2012, combined with the Mayan thingy. JK lol

Hey Goldswinger...

Did you end up shorting ung? We got up to the ~11 resistance with toppy /divergent indicators. I didn't have the brass.


http://stockcharts.c...id=p81626968097

Hey Goldswinger...

Did you end up shorting ung? We got up to the ~11 resistance with toppy /divergent indicators. I didn't have the brass.


http://stockcharts.c...id=p81626968097

I have been trading it both long and short off the 15 MIN chart. It is way to volatile for me to take a longer than a day trade position. But the moves are juicy both ways.

GS.