http://gann144.com/qqqqapr12.jpg
thats my count fwiw. i think we are doing an abc off of the apr 7 top
well see this week
also very bullish on aapl i believe we are going to new highs fwiw on aapl
tat is new ath's
qqqq chart
Started by
gannman
, Apr 12 2008 05:19 PM
6 replies to this topic
#1
gannman
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Posted 12 April 2008 - 05:19 PM
feeling mellow with the yellow metal
#2
gorydog
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Posted 12 April 2008 - 06:28 PM
http://gann144.com/qqqqapr12.jpg
thats my count fwiw. i think we are doing an abc off of the apr 7 top
well see this week
also very bullish on aapl i believe we are going to new highs fwiw on aapl
tat is new ath's
I agree, and I'd say we could complete a=c of W2 on monday a.m. I think below SPX 1310 threatens the bullish case, and above 1360 means a W3 is in place. I plan to buy 1320 with a 10 point stop if we gap to it. GE news was about the financial component, and could be spun that it does not reflect the economy as a whole.
GD
#3
AChartist
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Tim
Posted 12 April 2008 - 08:20 PM
NDX 1900 next week.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#4
selecto
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Posted 12 April 2008 - 10:59 PM
Google is going to announce the discovery of a cure for cancer to be sold on eBay?
#5
CNSZ
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Posted 12 April 2008 - 11:09 PM
NDX 1900 next week.
Do not think we can get that far. short term market direction will be depends on earning reports due next Tuesday and Wednesday not TA. JNJ, INTC, USB and WM will report Tuesday. JPM, WFC and IBM on Wednesday, and much more on Thursday and Friday (inc. C).
#6
n83
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Posted 13 April 2008 - 06:46 AM
http://gann144.com/qqqqapr12.jpg
...
tat is new ath's
what do you mean by the above? sincerely,
thanks.
#7
StillLearnin
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Posted 13 April 2008 - 09:51 AM
Thanks for taking the time to draw Gannman. I am not using your count because of the overlap of Wave 1 and Wave 4. Overlap of wave 1 and 4 is not allowed in Elliot wave theory. One could argue that off the 1256 lows this action is a Wave 1-2 folllowed by subwave 1-2 of 3. Meaning soon we are to start 3 of 3 up. Which that count would be wrong below 1316 and also would require a HUGE move up over coming days. I just dont see that happening. Below is the count I am working with for now...
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=6&dy=10&i=p30698277008&a=130470315&r=3573.png
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=6&dy=10&i=p30698277008&a=130470315&r=3573.png
