Still learning e-wave, ABC it appears we are in B part now
Started by
skyymaster
, Nov 05 2008 09:50 AM
9 replies to this topic
#1
skyymaster
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Posted 05 November 2008 - 09:50 AM
It appears the small (5) was truncated and we are now in ABC up. Then the big 5 starts.
People should not be afraid of their governments. Governments should be afraid of their people.
Remember this day, men, for it will be yours for all time.
Remember this day, men, for it will be yours for all time.
#2
Jnavin
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Posted 05 November 2008 - 10:02 AM
Yes, I think that's the most likely count -- talking about the move off the SPX 839 low on the daily chart.
Wonder what Teaparty and Fib think...
Edited by Jnavin, 05 November 2008 - 10:03 AM.
#3
eminimee
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I don't care who's fur is flying...
Posted 05 November 2008 - 10:09 AM
#4
eminimee
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I don't care who's fur is flying...
Posted 05 November 2008 - 10:16 AM
At the risk of posting this too many times....the reason why 1010 is pretty key...worthless to those who "don't need no stinkn' charts".. 
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&st=1994-07-28&i=p73099456061&a=142133285&r=6226.png
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&st=1994-07-28&i=p73099456061&a=142133285&r=6226.png
#5
StillLearnin
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Posted 05 November 2008 - 10:29 AM
Skymaster,
I do not think its a truncated 5th wave becasue 5th waves must have 5 waves and that one does not. If you can count it as 5 I would change my mind. We could be tracing out a very large wave 4 "Flat" where wave A was 839 to 1044 then wave B down to 845 now wave C. That is posible.. That could also be some sort of X or B wave too. If it is a flat I like 1044-1050 as where we should turn south from...
SL
#6
StillLearnin
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Posted 05 November 2008 - 10:29 AM
...
Double Post somehow
Edited by StillLearnin, 05 November 2008 - 10:30 AM.
#7
thespookyone
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Posted 05 November 2008 - 11:18 AM
Till you pass 1017 SPX I still consider an irregular flat a possibility, especially considering market condition. I've got a target of roughly 1017 for the finish plus or minus some change.
#8
StillLearnin
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Posted 05 November 2008 - 11:24 AM
Spooky,
Why does 1017 eliminate the flat?
SL
#9
skyymaster
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Posted 05 November 2008 - 11:44 AM
Skymaster,
I do not think its a truncated 5th wave becasue 5th waves must have 5 waves and that one does not. If you can count it as 5 I would change my mind. We could be tracing out a very large wave 4 "Flat" where wave A was 839 to 1044 then wave B down to 845 now wave C. That is posible.. That could also be some sort of X or B wave too. If it is a flat I like 1044-1050 as where we should turn south from...
SL
Possible, still learning (no pun intended) and you think it would be easier are preceived "bottom" of the wave points.
Edited by skyymaster, 05 November 2008 - 11:44 AM.
People should not be afraid of their governments. Governments should be afraid of their people.
Remember this day, men, for it will be yours for all time.
Remember this day, men, for it will be yours for all time.
#10
thespookyone
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Posted 05 November 2008 - 05:43 PM
Still-It wouldn't eliminate a regular one for me, but probably would the irregular one I envisioned. We can just as easily drop straight from here, as well.
