Discussion in 'Trading' started by Digs, Jun 10, 2007.
I see a wave coming...and its a wave of ridicule....
But ok, sure why? Please elaborate....
B/c I am so confused on the reason anyone would state that.
Oops here is jpeg
I guess should start buying some puts, putz
using your pattern 1946, 1987, ???
next 41 year cycle should end in 2028.
Here is an interesting chart for Elliott students. Dow INDU/Monthly from Advanced Get.
Notice the 5th wave (5) of a 5th wave (5) of a 5th wave (v).
the below chart may be a bit more clear for those not familiar with your counting convention.
Iâm not really a good market predictor, as it shall do what it does. I do however notice a negative divergence in stocks making new 40-day highs. This chart shows the green line showing the divergence. Yellow is S&P500 and Red is just the RS of the 40. It does flag a caution signal to me and has me in a more defensive position as far as entering longs.
I do like to see a flush out as back in March before getting aggressive. Not sure thus far if this dip is a buying opportunity and will remain in cautious stance.
Data mining .
not going to happen
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