This move up is taking longer then I would have liked. This means it will likely conclude tomorrow morning and then we should start our wave 3 down. This could be the crash Karen Starich seen, only she would be a day off. Not bad for something she called weeks ago. Plus, we have this nice peak on the spiral chart too, which makes the wave count more valid.
So, I’ll wait until tomorrow morning to go short, as this wave 2 up should end in morning session tomorrow. This means the wave 3 down to follow will likely fool a bunch of people. I suspect they will make any reports (NFP, Job’s, etc…) that come out tomorrow look positive to get the final push up in the morning to complete this wave up. Traders will then go to sleep as the market slowly starts wave 3 down on NO apparent bad news… LOL
Looks like we are doing an “ABC” (wave 2) up and we have now completed “A” up and working on “B” down now. The “C” up wave should follow to complete this wave 2 move. It could happen fast, and end around 2:15 when Bernanke speaks? Hard too say, but I’ll wait until then before shorting again.
The FOMC plans to release a policy statement at 12:30 p.m. in Washington after a two-day meeting.Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/11/02/bloomberg_articlesLU19YB0UQVI9.DTL#ixzz1cYyz0SR2
We “could” have our “Flash Crash” after this announcement gang?
Looking for poss. RS tomorrow maybe ~1255 before the big roll over…that is, if the whole formation isn’t tilted down to the right…
This move up is taking longer then I would have liked. This means it will likely conclude tomorrow morning and then we should start our wave 3 down. This could be the crash Karen Starich seen, only she would be a day off. Not bad for something she called weeks ago. Plus, we have this nice peak on the spiral chart too, which makes the wave count more valid.
http://spiraldates.com/?category_name=spiraldate-score-charts
So, I’ll wait until tomorrow morning to go short, as this wave 2 up should end in morning session tomorrow. This means the wave 3 down to follow will likely fool a bunch of people. I suspect they will make any reports (NFP, Job’s, etc…) that come out tomorrow look positive to get the final push up in the morning to complete this wave up. Traders will then go to sleep as the market slowly starts wave 3 down on NO apparent bad news… LOL
Breakout of the triangle here… this should be the start of the “C” wave up.
Well, looks like nothing new said. So, I’ll go with the charts that we now rally up with a “C” wave into the close to complete this wave 2 up.
Looks like we are doing an “ABC” (wave 2) up and we have now completed “A” up and working on “B” down now. The “C” up wave should follow to complete this wave 2 move. It could happen fast, and end around 2:15 when Bernanke speaks? Hard too say, but I’ll wait until then before shorting again.
http://content.screencast.com/users/Annamall2/folders/Jing/media/77215d1e-c86c-465b-bd27-999df8a65d3c/00000419.png
playing out like a charm 🙂
The FOMC plans to release a policy statement at 12:30 p.m. in Washington after a two-day meeting.Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/11/02/bloomberg_articlesLU19YB0UQVI9.DTL#ixzz1cYyz0SR2
We “could” have our “Flash Crash” after this announcement gang?
saw it on twitter, no idea about stimulus
Where did you hear that? And decision on what? More stimulus or not?
Channel of GOLD: http://niftychartsandpatterns.blogspot.com/2011/11/channel-of-gold.html