enjoy the bullish ride and remember that it is election year
Edited by andr99, 22 February 2024 - 11:59 AM.
No top, no party ?
Started by
andr99
, Feb 22 2024 11:58 AM
7 replies to this topic
#1
andr99
-
- Traders-Talk User
- 7,438 posts
Member
Posted 22 February 2024 - 11:58 AM
forever and only a V-E-N-E-T-K-E-N - langbard
#2
Kimston
-
- Traders-Talk User
- 604 posts
Member
Posted 22 February 2024 - 02:39 PM
Today is 2933 calendar days from the 2/11/2016 low. It may be time to look for an important top and enjoy the collapse.
#3
12SPX
-
- Traders-Talk User
- 12,583 posts
Member
Posted 22 February 2024 - 02:57 PM
Hmmmmm just curious, what is the 2933 number about??
#4
Kimston
-
- Traders-Talk User
- 604 posts
Member
Posted 22 February 2024 - 04:33 PM
It's based on time (& price) symmetry with duration (and amplitude) of a similar bull market from the past. As usual, it may or may not point to an important turning point. However, for me, it presents an opportunity to enter shorts without risking a lot of capital: stop-out is 1.5% above today's highs in DJI.
#5
GDA
-
- Traders-Talk User
- 120 posts
Member
Posted 24 February 2024 - 09:44 PM
By my count, a bull cycle lasts 9133 days.
#6
Kimston
-
- Traders-Talk User
- 604 posts
Member
Posted 26 February 2024 - 04:30 PM
By my count, a bull cycle lasts 9133 days.
Well, I guess I stand corrected on timing.
What about amplitude? What is the percentage gain of a bull cycle? For example, the 2009 low for SPX was 666.79. A type of Gann price square would suggest looking for a possible top near a 666.79% expansion of that low price.
If the SPX goes more than 1.5% above the current highs, that would likely invalidate the price & time projections aligning now. If so, I'll look for the next confluence of P&T projections to re-enter shorts later. In the meantime, good luck with the 9133 day bull cycle....
#7
andr99
-
- Traders-Talk User
- 7,438 posts
Member
Posted 26 February 2024 - 05:09 PM
elliott counts, cycles, Mars, Venus and Jupiter. I just use pattern recognition and macd, besides trend lines, supports and resistances, sometimes repetition of segments of pattern inside a same stock, then a lot of chart comparison between stock indexes, stock sectors and most significative stocks around the Western worls, to understand what the next direction will be. So far I'm satisfied by this technique. It is my personal approach to market analysis and I'm happy with it.
Edited by andr99, 26 February 2024 - 05:12 PM.
forever and only a V-E-N-E-T-K-E-N - langbard
#8
GDA
-
- Traders-Talk User
- 120 posts
Member
Posted 27 February 2024 - 03:13 AM
By my count, a bull cycle lasts 9133 days.
Well, I guess I stand corrected on timing.
What about amplitude? What is the percentage gain of a bull cycle? For example, the 2009 low for SPX was 666.79. A type of Gann price square would suggest looking for a possible top near a 666.79% expansion of that low price.
If the SPX goes more than 1.5% above the current highs, that would likely invalidate the price & time projections aligning now. If so, I'll look for the next confluence of P&T projections to re-enter shorts later. In the meantime, good luck with the 9133 day bull cycle....
Look at the DJIA chart going back to 1896. Min gain: 1000%, max >2000%
