See! I lost the first round, I'll try crossing the 50 SMA a second time. Let's see who'll win. The Market said to someone. Those who do not believe in Heaven will not go to Heaven. For those who believe in Heaven some may not go to Heaven, only he who sticks to His rules will go to Heaven, and one of his rules is "don't guess a correction". And those who have gone to Heaven have no time to chit-chat, they spend all the time raking money in to their coffin. Oh! Sorry, I mean ....to their coffer.
Sorry, I failed, 50 SMA is too strong for me. 13397.7305 1481.4 2620.8899 13122.4902 1452.180 2557.1299 13210.5195 1464.29 2575.8101 See you at 12935.2792 1435.070 2512.0501 :eek: if Subminuette Wave 4)c.c:aiv is not an irregular correction. But if it is I will ride the 50 SMA to 13,241.25 1463.45 2584.28 "don't guess a correction". 12,915 = 200 SMA. 12,795 = Fed 61.8% Retracement.
Last chance for a turn around into Subminuette wave iv irregular correction. If no turn around the Market will go down as wave v.
"Not Confirmed" is a Warning Sign in long term Chart. The Dow theory says something like, "Transportation and manufacturing usually move together, when transportation profits rise those of manufacturing rise too. If a move up in DJIA is not confirmed by DJTA there is some problem, DJIA may move down soon." Is this also apply in Subminuette Wave when there is no profit data?
"Not Confirmed" Warning in Subminuette Wave 4)c.c:aii. JSL's Analysis plus the "Not Confirmed" Sign might have made someone bold enough to place a short on Friday morning or Thursday evening.
Hindsight is always crystal clear. The EWDTer, upon seeing JSL's analysis, the "Not Confirmed" Sign and the development of Subminuette Waves 4)c.c:ai and ii, sold short on Thursday evening or at Friday open. He had in mind that Subminuette Wave iii should be stronger than wave i and wave iv should be the same size as wave ii (~30,5,10) and he would get out of his position if the Market didn't act as he guessed. As it turned out, the Market tumbled into wave iii and then rebound as wave iv, in the mean time our EWDTer was sweating measuring the length of wave iv, praying that it did not overshoot his stop. Then the tide turned in his favor, wave v began and showed multiple lower lows. He did not relax then, because ROC decreased confirming that it was wave v which could be shortened. He counted Microwave .i,.ii,.iii,.iv, and v. The Market turned up, he didn't want to be whipsaw into an elongate wave v, so he waited for a higher high, willing to give up some points. The Market continued to unfold Infrawave v:iii, v:iv and v:v. "Which way to go from here?", the Market asked itself. 13,222.4902 1452.1899 2557.1299 Previous waves ii and iv. 13202.2305 shattered ................... 1452.55 2554.8 ? 13116.1504 1441.75 2522.649 ? Our EWDTer saw that it was closed to JSL's measured move and the series of previous ii and iv. He didn't want to risk a ~6,-.37 ,2.3 points gain with ~140,14,23 points loss equal to Subminuette Wave ii. So he got out of his short position and switch into wrong position.