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On the Other Hand...

Wave Count Cycles Bradley

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#1 blustar

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Posted 05 August 2019 - 11:00 AM

...IF this is the beginning of a major move down, we should at least have an abc rally into Friday of about 4%. I have a Bradley Aug 7-9.  There is a trine due early Wed and one due late Thursday.  I'm thinking the one on Wed will be late Tuesday...

 

Sometimes these irr. tops don't follow through to the upside but instead show weakness in the market...

 

It looks a lot like the Oct top and drop right here. MACD and Stoch similar to Oct 2018



#2 blustar

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Posted 05 August 2019 - 12:00 PM

I have a TLC hourly low due about an hour or two before the close.  We should see a nice rally Tuesday.



#3 blustar

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Posted 05 August 2019 - 01:21 PM

This week will be the tell how we rally as to what will occur into the 16 TD top due on the 19th.  Will we have a short 4 TD rally only and then plunge or is this start of a strong wave up? This area near 2843/44 is the .618 retrace of the June 3 to July 26 up move.



#4 blustar

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Posted 05 August 2019 - 02:55 PM

Looking for at least 2888 area +/- Tuesday



#5 blustar

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Posted 05 August 2019 - 11:15 PM

Wow futures were minus 64 but now up 4. Weird market

#6 trioderob

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Posted 06 August 2019 - 12:31 AM

China put the brakes on the Yuan



#7 trioderob

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Posted 06 August 2019 - 12:34 AM

full story here:

 

https://www.scmp.com...uan-de-escalate



#8 da_cheif

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Posted 06 August 2019 - 06:27 AM

coming off the 38.2 retrace off the dec low like hitting the 3rd rail    isnt weird.....it has just been part of the mother of all bull mkts for years



#9 blustar

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Posted 06 August 2019 - 11:11 AM

Don,

 

I meant the futures dropping like they did and then coming back like they did, nothing else.

 

I'm thinking we see at least 2888/93 today and some weakness Wednesday. The gap at 2932 looks likely to be filled by at least Thursday I would think.

 

I have two trines: Sun/Jupiter early Wed. and one late day Thursday that is Venus/Jupiter which is always more powerful than a Sun/Jupiter trine.  These also agree with my cycle work and Bradley due Aug 8.

 

If the 9th of August makes a new mid day high, but sells off first that day, then I think we are going down pretty hard after that into around the 21st.

 

The 16 TD top is due on the 19th but we may have an inversion here.  Normally, I would think we see new highs out of this kind of e-wave formation and cycles, but the technical condition of the market may be saying otherwise.

 

In any case, we should some late day strength today and weakness on Wednesday.


Edited by blustar, 06 August 2019 - 11:12 AM.


#10 blustar

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Posted 06 August 2019 - 11:20 AM

Bradley dates 8/7-9 with the 8th in the middle, 8/15-16, 8/22 then 8/28-29.

 

There is a Mars/Sun conj. on Sept 2, which may be pointing to another top in early Sept. [3?] ala early Nov 2018? or mid Oct 2018?? not sure, it depends on what happens this week.

 

Yesterday is acting a lot like Oct 11, 2018 even the timing of the low.

 

The futures slide late yesterday was an odd occurrence and hard to figure at this juncture for me.