15 replies to this topic

[.Blizzard]

"c to follow".....that would mean all the way back to 1380 eh......lmao.....we C eh.........the sp 500 is near the upper trendline of its intermediate expanding triangle which u know is a continuation pattern....that trendline is around 1500.....above that its a geyser....... wave b....hotchbergs count......worthless.....the decline into the march low was a classic C wave......off the b wave hi of 2/23

Any charting wizards out there that could show what da cheif is talking about - including the epicenter of 3 part?

....he is following the Mayan Calendar

[kc135a]

I read some posts that say we are in middle of impulse wave 5 up. I also see some posts that say we are in corrective wave B up. Before this week, I was in belief that we were in the 9th inning of wave B up. Now that the market just took off I wonder if we are actually in wave 5 still? Am I the only one who is confused if we are in wave 5 or wave B or is that everyone else is confused as well and just not talking about it.

It depends on your time frame.

Very long term we are in a final 5th of mega 5 wave move that began in the 30's. To put that in perspective, the 2000 bubble top was a 3rd of the final 5th and the 2003 low was a 4th of the final 5th making the rally off of the 2003 lows a 1 of 5 of the final and terminal 5th.

I have an SPX target of 2030+ due sometime (most likely October) in 2009 which means for the next two years we are in a powerful bull market.

There will be corrections but no crashes until 2009 where the real crash window opens up.

That's how I see it using cycles and fib extensions. The wave counts make it easier to visualize.

KC

[fib_1618]

Very long term we are in a final 5th of mega 5 wave move that began in the 30's

With the ratio adjusted NYSE advance/decline line just recently moving to new all time highs, this count proposal is no longer valid because third waves always provide the best in breadth and volume characteristics. This is the reason why 3rd waves are "wonders to behold" and relentless within their degree of trend. Because of this, the chart pattern outlined and presented by .Blizzard would be more in line to what this methodology presents as far as price structure is concerned....and Don's overall forecasts.

Fib

[da_cheif]

"c to follow".....that would mean all the way back to 1380 eh......lmao.....we C eh.........the sp 500 is near the upper trendline of its intermediate expanding triangle which u know is a continuation pattern....that trendline is around 1500.....above that its a geyser....... wave b....hotchbergs count......worthless.....the decline into the march low was a classic C wave......off the b wave hi of 2/23

Any charting wizards out there that could show what da cheif is talking about - including the epicenter of 3 part?

....he is following the Mayan Calendar

thats just 1 of 3 OF 3........

[Russ]

....he is following the Mayan Calendar

Thanks for the chart Blizzard. DC must be following the Mayan's if this is only "1 of 3 of 3". Need some mightly long data sets for dat one.

[cybersaavy]

Here's a count of the Wilshire 5000

cs

(stolen from Henry at SI)