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Problem with Testing the Lows Thesis


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#1 linrom1

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Posted 05 May 2020 - 08:54 AM

 

There is no way to test the lows with this puny correction, according to Elliott Waves. The only way for that to happen would be if this thing declines in 5 waves, but then circled wave B would have to be an ABC.



#2 K Wave

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Posted 05 May 2020 - 08:58 AM

Watch SOX 1720 area.

 

IF this thing is going to roll back over, around 1720 would be the most likely spot to put in a right shoulder on the hourly chart.

 

Back above 1720 by much, and new highs more likely than new lows....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#3 LMF

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Posted 05 May 2020 - 09:29 AM

I was estimating another $81m inflow to SH yesterday.....the real numbers from ETF.com are usually close enough, updated later today. Todays upmove is predictable based on that.

#4 linrom1

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Posted 06 May 2020 - 09:44 AM

 

Up and then down



#5 Darris

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Posted 06 May 2020 - 07:10 PM

Decent $57 million SH added today, WWW before opex, LOL



#6 Dex

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Posted 06 May 2020 - 09:13 PM

Decent $57 million SH added today, WWW before opex, LOL

 

Is www like 'watch the sky'?

 

Are you da chef?


"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
17_16


#7 Darris

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Posted 06 May 2020 - 09:23 PM

Full moon out tonight, and Venus pretty bright, howl.................