Long Term Count

Okay, so I think we are in or about to start a new wave down, from everything I gathered this unavoidable, imho...

Either a Wave 3 which would put the sp around 100...

Or a C wave down that retests the March '09 lows...

Probably the latter...

But hey you never know...

http://www.usdebtclock.org/

Neither. BEST case scenario for bears here is 1175-1185, which I can not yet justify. It would be super for smart bulls, as well. When trying to make a good ewave count, you should always ask yourself-is the projection realistic? With that in mind, throw your first count totally out.

Edited by thespookyone, 22 February 2011 - 06:04 PM.

Okay, so I think we are in or about to start a new wave down, from everything I gathered this unavoidable, imho...

Either a Wave 3 which would put the sp around 100...

Or a C wave down that retests the March '09 lows...

Probably the latter...

But hey you never know...

http://www.usdebtclock.org/

not till es is below 1308 and holds

Neither. BEST case scenario for bears here is 1175-1185, which I can not yet justify. It would be super for smart bulls, as well.

When trying to make a good ewave count, you should always ask yourself-is the projection realistic? With that in mind, throw your first count totally out.

Stocks lost aout 90% of ther value in 30's so I don't think this totally unrealistic, but like I said sp to 400-700 probably more likely...

Any bullish long term counts at this point are unrealisitc imho...

Neither. BEST case scenario for bears here is 1175-1185, which I can not yet justify. It would be super for smart bulls, as well.

When trying to make a good ewave count, you should always ask yourself-is the projection realistic? With that in mind, throw your first count totally out.

Stocks lost aout 90% of ther value in 30's so I don't think this totally unrealistic, but like I said sp to 400-700 probably more likely...

Any bullish long term counts at this point are unrealisitc imho...

Looking for SPX 100 ???? This market is going to bounce hard.

[quote name='MikeyG' date='Feb 22 2011, 02:18 PM' post='564104']
Okay, so I think we are in or about to start a new wave down, from everything I gathered this unavoidable, imho...

Either a Wave 3 which would put the sp around 100...


very few if any can trade off of this stuff. are you "invested" in the next long down move?

Mikey, We are only down 1 day so far. Let's take it day by day.

I will definitely will not ride the whole wave down, there will be nice bounces along the way ... Dr SP, yes one day at a time ...

nasadaq lost 89% in the post 2000 decline I believe - I think its a little too soon - 10 years out - to look for another 90% loss. more important, as tt says - who can trade that - that is buy(sell) and hold, which is not really the most rewarding strategy, even Tuffy doesnt recommend it.

just a couple of things here. the bkx started a bear in feb 2007. the whole rally in the bkx has been corrective and not impulsive imo. it is due for another leg down once the bkx starts down in an impulsive manner the second leg of the bear market is activated. the 5 year cycle is due to bottom late 2012. so once the second bear leg kicks in the trend will be down into late 2012 imo. the bkx right now is looking like it is going down impulsively but i need more data. i could see the bkx trade under 10 by late 2012 gann