3 replies to this topic

[tsharp]

the broken record just keeps skippin in this same stinkin spot... ggg

this morning i made this suggestion to the folks over on another board i visit sometimes:

START
tsharp: (Wed, Apr 13, 8:42 AM ET)
the ewave stuph is quite challenging these days... if my count is still on track, then yesterday marked wave-a down, today will see a pullback, then a rise back to yest highs, or slightly higher, then a failure... that would be wave-b, then wave-c down would be in progress...
END

welp, ms. market wasn't able to get back up to yesterday's highs, but appears to have failed in a wave-c:b truncation (reckon i may have given her too much credit)... in light of this possibility, i suspect that tomorrow we'll see the ~1163 lows taken out in wave-c, though it doesn't necessarily need to end at the lows of the day...

as always... twt.


--tsharp

my ST swing model also appears to be confirming today's decline:




i'm assuming that today's decline is not still a part of wave-b, though that possibility should prolly still be kept in the back of one's mind, because if wave-b is still in progress, we could rally tomorrow to higher-highs than today, even with a lower-low, if it's an irregular flat... just something to consider.






might want to take a looksy at the daily spx... monday started this decline with a wave-v:c failure (just barely)... from there to yesterday's lows was a three-waves-down pattern... this morning's failure of wave-c:b was also a three-waves-up pattern... so i assume that this last fractal leg will finish out as an ending diagonal triangle (3-3-3-3-3)... jmho... twt.

Edited by tsharp, 13 April 2005 - 04:49 PM.

[tsharp]

the broken record just keeps skippin in this same stinkin spot... ggg

this morning i made this suggestion to the folks over on another board i visit sometimes:

START
tsharp:  (Wed, Apr 13, 8:42 AM ET)
the ewave stuph is quite challenging these days... if my count is still on track, then yesterday marked wave-a down, today will see a pullback, then a rise back to yest highs, or slightly higher, then a failure... that would be wave-b, then wave-c down would be in progress...
END

welp, ms. market wasn't able to get back up to yesterday's highs, but appears to have failed in a wave-c:b truncation (reckon i may have given her too much credit)...  in light of this possibility, i suspect that tomorrow we'll see the ~1163 lows taken out in wave-c, though it doesn't necessarily need to end at the lows of the day...

as always...  twt.


--tsharp

my ST swing model also appears to be confirming today's decline:

[edited chart out]

i'm assuming that today's decline is not still a part of wave-b, though that possibility should prolly still be kept in the back of one's mind, because if wave-b is still in progress, we could rally tomorrow to higher-highs than today, even with a lower-low, if it's an irregular flat... just something to consider.

[edited chart out]

[edited chart out]

might want to take a looksy at the daily spx... monday started this decline with a wave-v:c failure (just barely)... from there to yesterday's lows was a three-waves-down pattern... this morning's failure of wave-c:b was also a three-waves-up pattern... so i assume that this last fractal leg will finish out as an ending diagonal triangle (3-3-3-3-3)... jmho... twt.

[edited chart out]

<{POST_SNAPBACK}>

in light of today's action, i find that i need to revise my count a bit... mind you this is not a change from my expanding diagonal triangle outlook, but only a revision of the count of this last leg downward.

it appears that what i thought was a wave-a down (three waves) was a wave-i, and part of wave-ii... so in revising the count, it appears that tomorrow could see a drop to ~1157 spx, which would be the 2.618 extention of wave-i... from there we could prolly rise to the ~1173 level in a wave-iv, then back down to the ~1150ish level to finish out this series next week sometime... jmho... as always... twt.

--tsharp

[arbman]

So, what do you think now? This market is hosed? -kisa

[tsharp]

So, what do you think now? This market is hosed? 

-kisa

<{POST_SNAPBACK}>

answer on the way in a new thread... but suffice it to say... it ain't lookin too good, and that same ole ad naseum is now out the window...