72 replies to this topic

[dougie]

? open to the idea that Dec 8th inverts and becomes a HIGH, not a low?

of course neither of us know except in retrospect.
i see this over by dec 8, @the latest
i think C is a simple 5 wave move, we finished 3of 3 of 5 yesterday. 4of 3 here . then 5of 3 then 5.
just my 2c
dharma

dharma:

Looks like Wave 4 completes tomorrow and then Wave 5.
http://stockcharts.c...4560&r=5062.png

Based on the parallels betwwen Waves 1 & 3 and your Dec 8th low target date - looks like Wave 5 will extend:
http://stockcharts.c...6063&r=6973.png

stubaby

[dougie]

Thw move up in SLV off Sept lows looks like a bear flag to me. Might see 36 b4 it breaks down.

Hi there,

in trying to keep it simple ...

see chart here http://i931.photobuc...lysomelines.jpg

I'd go long with confidence once the 50 MA is broken to the upside and SLV broke through the pink line!

gis

[gismeu]

dougie, couldn't you reason that the drop from the August 22 High looks like a huge bull flag??? gis

[stubaby]

? open to the idea that Dec 8th inverts and becomes a HIGH, not a low?

dougie:

Only if Wave 1 low is recaptured.

stubaby

[dougie]

So now the 8th becomes a High? Stu, what would be the Bullish count from here?

[stubaby]

So now the 8th becomes a High?
Stu, what would be the Bullish count from here?

http://www.traders-t...mp;#entry605107

[stubaby]

So now the 8th becomes a High?
Stu, what would be the Bullish count from here?

http://www.traders-t...mp;#entry605107

Bearish Count above chart - Bullish Alt Count here:

http://stockcharts.c...34162&r=344.png

[dougie]

thanks Stu any rules for that proposed b of C count to know if it is a b and not a 3? surely a b should not behave as bullishly as a 3 but what of levels? Or will the character of the next pullback tell you?

[stubaby]

By stubaby4u at 2011-12-09

[tradermama]

By stubaby4u at 2011-12-09

cute!..nice chart..that goes in line with what i posted on gold..for pnf..it has a last sale alert down..which means unless it makes higher highs from yesterday..within a couple of days we could see under 1700 tested again..and if it hits 1700...it is a pnf sell...those last sale alerts are fairly reliable..but again, if it manages to hold 1701 and makes a higher hi from yesterday..then it cancels that out..and would go in line with your chart..I loved Rocky and Bullwinkle as a kid..and these are short term triggers but can go into an intermediate/ longer term of course
TM