Edited by Wavetimer, 15 March 2011 - 12:35 PM.
TARGET 1438 IF LOW HOLDS
Started by
Wavetimer
, Mar 15 2011 11:40 AM
7 replies to this topic
#1
Wavetimer
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wavetimer system
Posted 15 March 2011 - 11:40 AM
A x 1.382 =C at todays low 1262 with a .236 retacement at 1265 1344-1010 334 x.236 . upside for wave 5 bull cycle top if we break the low we will look for alt to take lead into 1252 above 1316 we confirm rally into 1438 put call and sentiment add to bull case based on a/d line model and mco for bear cycle low by next week bull phase cycle should be up strong based on 4 cycles BEST OF TRADES ! yes they do work and a FYI TO THE TRADERS ITS 11YRS TODAY AND THE DOW NET GAIN IS ZERO !!!!!!!!!!!!!!!!
#2
vitaminm
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Posted 15 March 2011 - 12:15 PM
do these Retracement Levels work?
any past examples?
vitaminm
#3
ONEGOAL
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Posted 15 March 2011 - 12:44 PM
Wavetimer, your insights / explanations are much appreciated. As Always, many thanks
#4
thespookyone
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Posted 15 March 2011 - 12:54 PM
It'll probably turn out to be a double zigzag, non student 
#5
xtrader
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Posted 15 March 2011 - 12:59 PM
I do not know ewave, so I cannot comment on anything.
What I know (I think) is that there are many counts, and you must know when to identify you are wrong and switch counts and switch your position.. So because of this, I am wondering if the odds are really more favourable by knowing ewave, as compared to.. price???? hahaha
#6
SemiBizz
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Posted 15 March 2011 - 01:04 PM
You can read on a seperate thread in the stack here regarding my belief that the Nasdaq is vibrating on a dominant 10 year cycle.
For the SPX I had laid out in my research a 3 year Cycle Dominance, in this case the Bear Stearns Crash Sequence. We may have tested support at 1257 per chart below today with a stronger volume 1261 that could not break 1257, or it could still be coming, need to see end of day numbers on that.
(Chart Prepared on 2/6/11)
For the SPX I had laid out in my research a 3 year Cycle Dominance, in this case the Bear Stearns Crash Sequence. We may have tested support at 1257 per chart below today with a stronger volume 1261 that could not break 1257, or it could still be coming, need to see end of day numbers on that.
(Chart Prepared on 2/6/11)
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#7
dasein
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Posted 15 March 2011 - 01:26 PM
WT,
I respect your analysis, however i think we have broken down and will not get over es 1335, 50 Max, for my wildest imagination. I doubt we get over 1290.
best,
klh
klh
#8
arbman
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Posted 15 March 2011 - 07:20 PM
WT,
I respect your analysis, however i think we have broken down and will not get over es 1335, 50 Max, for my wildest imagination. I doubt we get over 1290.
K, short term 1290 is the firm resistance, today's turn also shows, I also think 1335 is the place where many things will also fall apart. But if this is the same 2007 top formation --Fed bubble implodes next, like RE bubble--, then the market will go ridiculous before turning. The previous low around 1340s fully priced 2011. I think we will see a bit higher, maybe 1370s, I think it tops out and dies thereafter for several years. I do not see a rally to 1400s, but then let's get closer to 1330s first.
Edited by arbman, 15 March 2011 - 07:20 PM.
