Wave "y"'s of bearish irr. flats rally in a-b-c modes with 'c' usually the most powerful or at least equal to the first or 'a' wave. Wave 'a' was 80 SPX points. Down side target is 1427-32 by around Monday and then a very powerful up wave is expected taking out the previous wave "w" top at 1503. Should go to the 1510/1543 area by mid week next week, the three week cycle top.
The pattern is very bearish setting us up for a major decline into early September. A test of the 1200 area (possibly lower) would be expected in early Sept and again in mid October.
E-Wave Projection
Started by
blustar
, Aug 24 2007 08:35 AM
2 replies to this topic
#1
blustar
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blustar
#2
youmast
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Posted 24 August 2007 - 12:12 PM
Wave "y"'s of bearish irr. flats rally in a-b-c modes with 'c' usually the most powerful or at least equal to the first or 'a' wave. Wave 'a' was 80 SPX points. Down side target is 1427-32 by around Monday and then a very powerful up wave is expected taking out the previous wave "w" top at 1503. Should go to the 1510/1543 area by mid week next week, the three week cycle top.
The pattern is very bearish setting us up for a major decline into early September. A test of the 1200 area (possibly lower) would be expected in early Sept and again in mid October.
Blu, I told you we gonna dance here, and the SPX has almost ZERO return so far... Now you keep calling for 100-200 points swings in few days.
I guess you need to be more "republican". Texas style conservatism would be good stuff for your trading.
#3
kc135a
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Posted 24 August 2007 - 01:10 PM
Wave "y"'s of bearish irr. flats rally in a-b-c modes with 'c' usually the most powerful or at least equal to the first or 'a' wave. Wave 'a' was 80 SPX points. Down side target is 1427-32 by around Monday and then a very powerful up wave is expected taking out the previous wave "w" top at 1503. Should go to the 1510/1543 area by mid week next week, the three week cycle top.
The pattern is very bearish setting us up for a major decline into early September. A test of the 1200 area (possibly lower) would be expected in early Sept and again in mid October.
I like your work and targets but maybe the 1420 area by Wednesday and then take it from there. 50 SPX points from here to Monday is pretty extreme.
KC
