17 replies to this topic

[eminimee]

but should be watched..






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[fib_1618]

The 5 minute MACD and RSI do not support this count.

Alternate count please.

Fib

[eminimee]

alternate is A,B,a,b,12345 to end C and now up with a 5.

as I say..have to watch what happens out of the low. RED is alternate...but now that I look harder....make it top count.



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[eminimee]

You have admit though Fib....there are some five downs in there that are disturbing.

[fib_1618]

RED is alternate...but now that I look harder....make it top count.

And that would fit the internals.

You have admit though Fib....there are some five downs in there that are disturbing.

What we see depends mainly on what we look for.

Fib

[Mr Dev]

Thanks T, Keep it coming man. Fib what's your latest assessment of the RUT none participation ?

[fib_1618]

Fib what's your latest assessment of the RUT none participation?

It all depends on the context of your question.

Internally, we're now seeing the first signs of investment liquidity levels starting to taper off and beginning to recede for the first time this decade, but this is a longer term dynamic that has very little to do with today's trading environment as we really won't start to see any real effect on things until sometime next year at the earliest.

However, if you're referring to the recent price action between the high, mid, and small caps, this is probably due to the 10 week cycle that's now been able to put more of a weight to things with this same longer term drain of investment liquidity starting to dry up....very much like the debris you see as the level of a body of water starts to drain - it's always been there, but the higher level of water in the basin hid it from view.

In any event, this is still a time in which the markets, in general, are continuing to digest their gains from the March lows, and we should be off to the races again by the middle part of next week.

Fib

[Insider]

The 5 minute MACD and RSI do not support this count.

Alternate count please.

Fib

What?

Oscillators and Elliott Wave Theory?

Show me one chart from Ralph Nelson Elliott (original) that shows oscillators!

Insider

[fib_1618]

Show me one chart from Ralph Nelson Elliott (original) that shows oscillators!

Elliott didn't have the advantage of modern technical analysis as most of today's tools were invented after 1960.

Fib

[Mr Dev]

In any event, this is still a time in which the markets, in general, are continuing to digest their gains from the March lows, and we should be off to the races again by the middle part of next week.

So Basically,... dismissing it as anything relative or serious !

Thx