Red, if the market hit 8300 level will we think its start of new bull run? Means completion of wave 3,double dip. As per ur state. Bb & legatus men control the market then why they leave their control easily?
“They” are the people that control the market, as in the PPT (Plunge Protection Team) run by Goldman Sachs, who is controlled by TPTB (The Powers That Be), better known as the Illuminati… who are the members in the Bilderburg Group and the attendees at the coming Legatus Pilgrimage.
It's also a 5 wave move from the 1129 high Al, so it's both a 5th wave ending on a larger time frame and a smaller time frame. I agree with you, as I think the sell is over temporarily.
I don't know how high the wave 2 up will go, but at least 1100 is to be expected.
The 60 minute chart isn't oversold yet, so we could go back down one more time today to retest the lows, but once it gets oversold and turns back up, I expect a rally of some sort to start.
Interesting opex Monday.Not the bounce I expected.
No direction clear yet. probably will know nothing until 3PM
Red, if the market hit 8300 level will we think its start of new bull run? Means completion of wave 3,double dip. As per ur state. Bb & legatus men control the market then why they leave their control easily?
Very interesting Diablos… thanks. It could happen, as we do know that at some point the 118.16 print will be hit. When is the question we can't answer
A possible EW count, for what its worth, implying we are still only in P2, starting c of B. P3 would start near the large FP of DIA 118.16.
http://screencast.com/t/YzIzMTU5
“They” are the people that control the market, as in the PPT (Plunge Protection Team) run by Goldman Sachs, who is controlled by TPTB (The Powers That Be), better known as the Illuminati… who are the members in the Bilderburg Group and the attendees at the coming Legatus Pilgrimage.
Who is this “they” to whom which everyone keeps referring????
It's also a 5 wave move from the 1129 high Al, so it's both a 5th wave ending on a larger time frame and a smaller time frame. I agree with you, as I think the sell is over temporarily.
I don't know how high the wave 2 up will go, but at least 1100 is to be expected.
Possible 5th wave ending diagonal this AM completing 5 waves down from Aug 9 highs (on ES) http://screencast.com/t/YWU1NTNhZjEt
Jim,
The 60 minute chart isn't oversold yet, so we could go back down one more time today to retest the lows, but once it gets oversold and turns back up, I expect a rally of some sort to start.
Wise move RK, as I'm sure they are going to squeeze the bears before the week is over.