59 replies to this topic

[zoropb]

Good moring everyone hope most enjoyed thier families and themselves. Thank you again Waver and 12 for the kind words.

 

We made another low at open of after hours and this 3 of 3 of 1 or A keeps extending and the pops keep short of a full normal day up. I am still taking this day by day even more than usuall until some sign of a bottom takes place. Now if the small cycle low that was to take place about exactly when it did last night or today does not hold and bounce this into the small cycle high into 31st+- then the overall drop when this entire wave finish is going to be way down there. Im talking end of 5th wave in the big picture 1930-1575. Let's hope they bounce this from last night or a low this morning into the 31st at least and back to 2500 area so we can have a big rally say from 2100 area.

 

The normal low if it is an up day and the afthrs low holds is 2401+-10.50

 

I'll adjust as we go.

 

Good trades.

Edited by zoropb, 26 December 2018 - 08:45 AM.

[dasein]

greetings and happy new years zoro! thanks for hte input.

[zoropb]

Hi D, always nice to see you around.

 

 

I forgot to mention I will be looking to short the market if we get to the normal high area just for today until some decent correction takes place for this move up from last night. If we head down then recalculate from the high print and look for a low to go the other way.

Edited by zoropb, 26 December 2018 - 08:56 AM.

[rramslan]

Hi Z:     Do you have an approximate date for the 2100 area.    I guess you meant to say the normal "high" today at 2401+-10.50.

[zoropb]

Thank you rr yes it was.  

 

No idea yet because we still got to bang out a small 4 of this 3 of an A or 1 down and then the 5th to terminate the 3 of an A or 1 down.

 

If the cycles continue Jan. 11th-12th may be the 5th low termination of this 3. 

Edited by zoropb, 26 December 2018 - 09:34 AM.

[zoropb]

first trade done breach 9:39 bar +1.75 /+4  waiting for higher unless we go way down.

[zoropb]

So what down into afternoon now then up into evening lol.   

[zoropb]

Getting near next short. 

[zoropb]

Not much to say shorted the 10:28 bar breach +2 then stopped at entry 2nd half. Been in the veggie garden with my help for a while. 

 

Kind of tricky in this middle zone so chilling until they show the money again.

Edited by zoropb, 26 December 2018 - 11:03 AM.

[Data]

Rectangle points to about 2250-2300, depending on whether it's drawn with the uptrending slope from January or a simple flat box.  

200-week moving average, -15% deviation from 200-day moving average, "official" bear market designation, and 50 to 62% correction of the 2016-2018 rally have all been triggered.  This leg down has taken only 62 percent of the time expended in the first leg down in October so far