Actually,yesterday was day 13 since all indices were down except for the Dow. And this is very experimental.
Today though is 704days from 3-6-9 low.
One can also easily see 5 waves up from the Nov 2008 low for $ndx and qqqq with wave 1 being Nov ’08 to Jan ’09 rally…March ’09 to April ’10, wave 3….and wave 5 since July lows. Technically there is a chance that a wave 4 within this last wave might need to happen (the equivalent of the August decline) but I have seen these type of conundrums before at tops so I wouldn’t bank on it needing to happen. They tend to confuse bears and bulls at the top. The paltry Nov correction could still qualify as the wave 4. The wave counts though are mangled in the Dow and SP though which definitely helps to confuse.
QQQQs hit the 58 crash number something I have been considering for awhile now.
I’ve got a sell signal on my newly devised DeMark Geccko sequential count TM (jk) of the rally off late November lows, a variation of standard DeMark sequential which seems to loose on the daily counts. It still has the same setup, 9 consecutive closes higher than 4 closes earlier, but afterwards each new upbar must have a higher high and close than the previous upbar until there is a 13 count. And each newupbar has to have its body at most in the upperhalf of the previous upbars body. (very subjective—I understand). Well today was day 13 by that criteria. And to top it off a final 9upcount of 4closes above the close 4 bars earlier would be a double sell signal on top of this. (this hasn’t happened yet).
I will stay wait for Friday’s action though. Today is the equivalent of the rally off the July 2009 lows to April 26 ie 134tds +67tds(Jan’10-April26).
While since then there was 136td high-high fromApril 26 to Nov 5 +a 65td high-high to today. A massive bear flip or weekly reversal will change my mind although I am already bearish. Friday’s date with destiny could mean it is a big down day. A weekly reversal would validate the 23weekly numerology angle for a top. Hint,hint this week is week 174(111-also a featured number from Red’s favorite print) from the October 2007 top.
You should have took the blue pill… LOL!
that’s impossible!
(we dropped the sesame street color codes) all is WELL.
🙂
and the loss of pirates created global warming.
look it up – it’s TRUE!!!
i’ve been calling feb11-14th
but does anyone listen?
noooooo.
(no reputation I guess) hehe.
It’s hard to hold shorts for more than intraday…
s&p 500 Analysis after closing bell: http://niftychartsandpatterns.blogspot.com/2011/02/s-500-analysis-after-closing-bell_10.html
Just buy the f’n dip!
Actually,yesterday was day 13 since all indices were down except for the Dow. And this is very experimental.
Today though is 704days from 3-6-9 low.
One can also easily see 5 waves up from the Nov 2008 low for $ndx and qqqq with wave 1 being Nov ’08 to Jan ’09 rally…March ’09 to April ’10, wave 3….and wave 5 since July lows. Technically there is a chance that a wave 4 within this last wave might need to happen (the equivalent of the August decline) but I have seen these type of conundrums before at tops so I wouldn’t bank on it needing to happen. They tend to confuse bears and bulls at the top. The paltry Nov correction could still qualify as the wave 4. The wave counts though are mangled in the Dow and SP though which definitely helps to confuse.
QQQQs hit the 58 crash number something I have been considering for awhile now.
bbc just said the US is on the highest terror alert since 911. i saw it on tv.
I’ve got a sell signal on my newly devised DeMark Geccko sequential count TM (jk) of the rally off late November lows, a variation of standard DeMark sequential which seems to loose on the daily counts. It still has the same setup, 9 consecutive closes higher than 4 closes earlier, but afterwards each new upbar must have a higher high and close than the previous upbar until there is a 13 count. And each newupbar has to have its body at most in the upperhalf of the previous upbars body. (very subjective—I understand). Well today was day 13 by that criteria. And to top it off a final 9upcount of 4closes above the close 4 bars earlier would be a double sell signal on top of this. (this hasn’t happened yet).
I will stay wait for Friday’s action though. Today is the equivalent of the rally off the July 2009 lows to April 26 ie 134tds +67tds(Jan’10-April26).
While since then there was 136td high-high fromApril 26 to Nov 5 +a 65td high-high to today. A massive bear flip or weekly reversal will change my mind although I am already bearish. Friday’s date with destiny could mean it is a big down day. A weekly reversal would validate the 23weekly numerology angle for a top. Hint,hint this week is week 174(111-also a featured number from Red’s favorite print) from the October 2007 top.