6 replies to this topic

[steadyquest]

Looked further into the possible incomplete count off the March low that tops out at 4432.  This is a clean count with no retraces.  Projected 4432 back to 2009.  Chose 780 for the floor on March 30th, 2 days after swine flu appeared in the US - seems appropriate enough.  The resulting price levels are an interesting fit to the chart and produce no retraces.  Maybe 4432 is a significant level.
There seems to be some discrepancy in time frames.  Based on when the 3.5 level was reached, the 2020 chart suggests 4432 will be reached at around the end of the year, which is hard to imagine.  The long chart is pointing to sometime around the end of 2022.  Should the charts not predict the peak to occur at around the same date, independent of time frame?  Maybe timing is the key to identifying the true count.  To be continued...

 

 

 

 

 

 

 

 

[redfoliage2]

When the Fed is done with supporting the market under the pandemic....................

[da_cheif]

Looked further into the possible incomplete count off the March low that tops out at 4432.  This is a clean count with no retraces.  Projected 4432 back to 2009.  Chose 780 for the floor on March 30th, 2 days after swine flu appeared in the US - seems appropriate enough.  The resulting price levels are an interesting fit to the chart and produce no retraces.  Maybe 4432 is a significant level.
There seems to be some discrepancy in time frames.  Based on when the 3.5 level was reached, the 2020 chart suggests 4432 will be reached at around the end of the year, which is hard to imagine.  The long chart is pointing to sometime around the end of 2022.  Should the charts not predict the peak to occur at around the same date, independent of time frame?  Maybe timing is the key to identifying the true count.  To be continued...

 

 

 

 

 

 

 

 

why worry about it    enjoy the bull    gotta long way to go....the market will top when there is euphoria amongst the j6ps of the world as measured by AAII......above 65% bulls is minimum  requirement

Edited by da_cheif, 01 October 2020 - 11:45 AM.

[steadyquest]

What, me worry?  Au contraire.  Intrigued by the precision of the market and want to better understand it.  How boring this forum would be if everyone simply posted "Ride the bull!".  Who needs a forum for that?                          .

[Dex]

What, me worry?  Au contraire.  Intrigued by the precision of the market and want to better understand it.  How boring this forum would be if everyone simply posted "Ride the bull!".  Who needs a forum for that?                          .

Lonely people.

[steadyquest]

LOL - you've got me so pegged.

[12SPX]

What, me worry?  Au contraire.  Intrigued by the precision of the market and want to better understand it.  How boring this forum would be if everyone simply posted "Ride the bull!".  Who needs a forum for that?                          .

hahaha absolutely, this is supposed to be "traders talk"!  Thats why I always say the guys that come on and post their opinions and trades "before" the move are the real traders and we need to respect their opinions no matter what they are cause its easy to post stuff or ridicule people after the fact!