Jump to content



Photo

Wave B


  • Please log in to reply
8 replies to this topic

#1 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 13,114 posts

Posted 26 March 2020 - 09:03 AM

 Unlike in the past two weeks now we are seeing dips got bought in both the index futures and the cash market.  I posted last Friday that we would see the winds of change this week and it's here on time.  We are having the wave B up.................


Edited by redfoliage2, 26 March 2020 - 09:11 AM.


#2 da_cheif

da_cheif

    Member

  • Traders-Talk User
  • 9,735 posts

Posted 26 March 2020 - 10:09 AM

more like a C down is behind us...the top of the B wave was the feb  hi.....a giant 3rd is underway



#3 linrom1

linrom1

    Member

  • Traders-Talk User
  • 1,282 posts

Posted 26 March 2020 - 10:11 AM

 Unlike in the past two weeks now we are seeing dips got bought in both the index futures and the cash market.  I posted last Friday that we would see the winds of change this week and it's here on time.  We are having the wave B up.................

Alternate possibility is that we bottomed at wave © and are moving in an impulse or series of wxys for number of years. However the B wave up is the view held by most.



#4 darnelds

darnelds

    Member

  • Traders-Talk User
  • 477 posts

Posted 26 March 2020 - 10:37 AM

What about wave 2 up?



#5 linrom1

linrom1

    Member

  • Traders-Talk User
  • 1,282 posts

Posted 26 March 2020 - 10:39 AM

What about wave 2 up?

Only for SUPERCYCLE bears like Nenner, DOW 5,000.


Edited by linrom1, 26 March 2020 - 10:40 AM.


#6 K Wave

K Wave

    Member

  • Traders-Talk User
  • 4,659 posts

Posted 26 March 2020 - 11:03 AM

SOX struggling here at the big floor area....

 

If it fails to hold 1540, may lead a rollover..



#7 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 13,114 posts

Posted 26 March 2020 - 11:18 AM

SOX struggling here at the big floor area....

 

If it fails to hold 1540, may lead a rollover..

Possible as VST the market is in very over-bought conditions ........................................



#8 K Wave

K Wave

    Member

  • Traders-Talk User
  • 4,659 posts

Posted 26 March 2020 - 11:35 AM

SOX back up to 1550....let' see if we get triple top here, or it finally punches through...

 

Back below 1540 again after this would lkely be a sell...



#9 K Wave

K Wave

    Member

  • Traders-Talk User
  • 4,659 posts

Posted 26 March 2020 - 12:07 PM

Anyone else smelling imminent bearish upthrust throwover on SOX to end this upwave?

 

A move back under 1550 now could seal the deal.

 

That old floor should be solid resistance on the first crack at it...