8 replies to this topic

[da_cheif]

http://img402.images...1990latemq6.gif

that gap in jan 91 off that 2nd wave low was never filled

Edited by da_cheif, 08 March 2007 - 11:56 AM.

[crestdorf]

http://img402.images...1990latemq6.gif

that gap in jan 91 off that 2nd wave low was never filled

The magnitude of the decline in 91 was very different. The set up mateches well though. A cool fractal.

[da_cheif]

the magnitude was enough to turn the whole whirl bearish.....remember the 87 crash was fresh in everyones minds......

[crestdorf]

the magnitude was enough to turn the whole whirl bearish.....remember the 87 crash was fresh in everyones minds......

Your pic refelects a 20% correction right? Do you see similar sentiment on this 6% or so drop? I have a count on a monthly which shows wave 5 from summer lows. It is hard for me not to count the 5 down as A of 4. Currently in B. A sharp dive would for me better set up the move to the 5 and a retest of all time highs through the summer.

[da_cheif]

anything is possible short term.....but the big count sez the epicenter of primary wave 3 up is in the early stages.....

[A-ha]

epicenter of primary wave 3

did I hear the magic spell again... must be good for another %10 ...

[da_cheif]

5000 pts up......ur gonna get all the nickles n dimes on the short side you want.......snort

[da_cheif]

its justa flesh wound........

Edited by da_cheif, 08 March 2007 - 12:47 PM.

[A-ha]

like I said, i am long SPX from 95... my grandpaa remember? i inherited all ... i just shifted my stops right below the bear market low