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Dow. swan song


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#1 linrom1

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Posted 28 September 2020 - 09:39 AM

 

The Dow should make a new high, but this is it. The following ABC down should be from hell. This could also be an extended 4 wave, with B up followed by C down to finish wave 4.

 

Just my opinion, and I am often wrong.


Edited by linrom1, 28 September 2020 - 09:44 AM.


#2 tsharp

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Posted 28 September 2020 - 10:21 AM

Slightly different from Friday, but there is a possibility that with another round of stimulus, the higher Hurst 40-week projection could be reached... twt.

 

SP00-300-9-28-20-Alt.jpg



#3 q4wer

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Posted 28 September 2020 - 10:27 AM

if they have caught enough bears in Sept,  now they can move up



#4 gismeu

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Posted 28 September 2020 - 10:35 AM

 

The Dow should make a new high, but this is it. The following ABC down should be from hell. This could also be an extended 4 wave, with B up followed by C down to finish wave 4.

 

Just my opinion, and I am often wrong.

my daily and monthly cycles are down, weekly is up. Can the weekly pull the market up that high?

I doubt it.,

 

gis


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#5 LMF

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Posted 28 September 2020 - 10:40 AM

The cnn greedo meter above 30 at 51......the odds favor watching the sky.

#6 tsharp

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Posted 28 September 2020 - 10:51 AM

SPX Weekly says upward is possible:

 

Example-1.jpg



#7 tsharp

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Posted 28 September 2020 - 11:26 AM

Regarding my take on Hurst cycles, they show a confluence of smaller troughs with the larger 40-week peak, so a possible low on or about 10.2.20, but I'm not looking for a crash:

 

Example-2.jpg



#8 linrom1

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Posted 28 September 2020 - 11:33 AM

 

The alt count is now a definite possibility.



#9 slupert

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Posted 28 September 2020 - 01:55 PM

Regarding my take on Hurst cycles, they show a confluence of smaller troughs with the larger 40-week peak, so a possible low on or about 10.2.20, but I'm not looking for a crash:

 

Example-2.jpg

 I think you should be pretty much spot on. That's exactly what I've been going with.