Ewj: elliott wave

Not very deep if they only manged the 38.2%

 

1299.24 is the 50% retracement of the move up from 1256.98 to 1341.51

 

nice call 4 minutes before the selloff

 

Hey Mup,

I think that your Martin Armstrong Cycle comes into play this weekend on or about the 22nd, eh?

 

Thanks ammo !

Spot on Mike

It Equnox today and the Armstong pie cycle coming in over the weekend. These will certainly catch the eye of the cycle traders.

These lesser long and short leg time pressure points don't seem to have the same impact as the full 8.6 pressure point, but never the less, its an extremely popluar cycle model.

 

Status.
Waited for a while until there was a lower high and a lower low to reverse short "Long position" as said.
Short "Short position" reversed at close, at the end of wave .iv of a lesser degree.
Hold long positions.
Strategy.
Cut loss if down. Hold on if up. Look for sell/buy signals, targets and resistance levels as before.
Upward potential 700, 70, 140 points, downward 100, 10, 20 points by measured move.

 

Rebound from support.
Hold on tight.

 

Reverse "Head and Shoulders" pattern if confirmed is a buy signal.

 

Reverse "Head and Shoulders" pattern confirmed.
Another +150, +15, +30 points UP.

 

Alternative count: Danger of a 1-2-3-4-5-a-b-c count if the previous high was broken.
Another -350, -35, -70 points down. :eek: