Waiting for wave C ?
#1
Posted 29 March 2007 - 07:50 AM
#2
Posted 29 March 2007 - 09:12 AM
http://www.traders-t...?...g&blogid=30&
Edited by Teaparty, 29 March 2007 - 09:14 AM.
#3
Posted 29 March 2007 - 09:27 AM
Nav...the count on the 15 min can be argued as the first wave looks like 3...alternative is A and B of C..with that B not finished yet..then a 5 wave C wave down. Just a thought that OEX has topped it's B wave. Comments here....you have to scroll down a bit for the count on the 5 min....there is a daily there too.
http://www.traders-t...?...g&blogid=30&
eminimee,
On your OEX chart the MACD top coincides with the price top. It's a rarity when the momentum top coincides with the price top, unless we happen to be triangulating. I would argue more time is required to finish the wave B here (that is, assuming we are in a wave B ).
You avatar is visually disturbing
Edited by NAV, 29 March 2007 - 09:29 AM.
#4
Posted 29 March 2007 - 09:51 AM
Edited by kisacik, 29 March 2007 - 09:52 AM.
#5
Posted 29 March 2007 - 09:54 AM
Comments at
http://nav-ta.blogsp...m-thoughts.html
Hi Nav,
Welcome back !!
Fundamentals do not agree with you, but you may be right that at the end of the day, the entire economy will follow these e-wave hocus-pocus.
Good luck
G.
P. S. tell your buddies in b'lore that india will split into 3 countries at the end of the depression.
It's the illiquidity, stupid !
#6
Posted 29 March 2007 - 09:59 AM
#7
Posted 29 March 2007 - 10:44 AM
I posted a chart of 1936 which shows maybe we're not at the end of Wave A. The recent rally could've been just a big zig zag.
#8
Posted 29 March 2007 - 12:42 PM
Comments at
http://nav-ta.blogsp...m-thoughts.html
Hi Nav,
Welcome back !!
Fundamentals do not agree with you, but you may be right that at the end of the day, the entire economy will follow these e-wave hocus-pocus.
Good luck
G.
P. S. tell your buddies in b'lore that india will split into 3 countries at the end of the depression.
The more the market action disagrees with the fundamentals, the more depressing it gets. That's why, i long ago stopped paying much attention to the fundamentals. As long as my hocus-pocus makes me money, i am happy.
Good luck to you as well !