7 replies to this topic

[eminimee]

http://stockcharts.com/c-sc/sc?s=$OEX&p=D&yr=2&mn=7&dy=0&i=p23933753533&a=82315405&r=1659.png

[relax]

Hi there TP have a question - the move we are seeing now - would you agree that it has to be a wave 3, which means we are missing a wave 5 down - maybe next week to 1.340-1.370 cheers

[eminimee]

yeah..posted this morning...certainly need a 5 for my c wave...

this would be the ed C

http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=6&dy=27&i=p84781333250&a=93045759&r=8799.png

[relax]

does wave 5 need to be lower - could it maybe even be a bit higher (qualifying as a double bottom) what are the "rules"/possibilities for the wave 5 down Thanks!

[eminimee]

it would be a truncated 5th...rare..but possible.

[skunk]

yeah..posted this morning...certainly need a 5 for my c wave...

this would be the ed C

http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=6&dy=27&i=p84781333250&a=93045759&r=8799.png

T,
Do you think 3 is complete? It looks like we completed 3 of 3 and into 4 of 3 now

[esther231]

Great chart. Thanks for posting it.

[eminimee]

skunk...yeah..could be...I've given up on the squiggles...giving me a headache...lol