3 replies to this topic

[gemx]

https://wavegenius.c...further-damage/

[Douglas]

gemx, is the extended fifth wave that I am showing in the short term count below on the Nasdaq Composite the extended "c" wave that you are referring to in your link?

 

 

Also, what is your longer term count for the Nasdaq Composite?  I show my "B" wave obsessed thinking below in two charts.  The "v" wave in the top plot below is assumed to be an ending diagonal which is complete.  From your comments, I assume you believe the current move up is not complete since you are looking for the completion of a corrective "c" wave.

 

 

In the longer term picture below I assume the "C" wave of a "4th wave is under development which should result in a nasty bear market sometime later this year.

 

 

 

Regards,

Douglas

[gemx]

the extended 5th wave you detailed correctly, but i believe we've bottomed

[Douglas]

The dip buyers are out in full force this afternoon, but they have forgotten the corollary to the maxim of just buy the dip which is don't buy the last dip.  The risk window on Tuesday tagged a top.  It looks to me like the Thursday afternoon to Friday risk window might just catch a rebound top built by the dip buyers if smart folks start to head for the exits early ahead of the May Day Fed presser next Wednesday.  All this is, of course, structured around my EWave count projection which is now looking for a blistering wave 3 of "C" down to start any day now.  I think that breaking the low on Wednesday April 17th might just be the key that would open Pandora's box.

 

 

Regards,

Douglas