Well, I thought we would just have a B wave down and then go back up for a C wave but clearly this is a 5th wave down now as it went lower then Monday’s low. I can see 5 waves now so after today I’d say we’ll be going back up for awhile.
Predicting these moves has been extremely hard this time because the candle pattern closes are working like they should. If you go back and look at previous solid red candles where they closed it at the low for the day you’ll find that in 95% of the cases there was a lower low the next day. That’s not happening now as “they” are manipulating this market to extreme levels.
Who would have thought that we would gap up Tuesday morning after closing at the low on Monday? Every other time you would see a lower open after such a big down day just before it, which would put in some type of bottoming tail… but not this time. The gangsters gap it up!
Then today we gap down after closing up yesterday at the highs with a solid white candle. Again, 95%+ of the time this doesn’t happen. It’s a clear sign that “they” are desperate right now and are manipulating the market both ways to screw the bulls and bears both.
So now we have 5 waves in total which should make up one larger wave. But since this market is experiencing such extreme manipulation I’m cautious to call this a completed pattern. In fact the move up from this could just end up being some smaller wave inside a wave 3 or wave 5 down. I’m not sure how this is going to play out but I don’t think the bears are done until we hit 1500 spx or so. But it’s looking to be a wild and trick ride down.
I think we may have seen the B wave down already and the start of the C wave up into the close today. If we gap up tomorrow you’ll know the C wave up has started…
Thanks Mr. Red……..I’m not a wavier so to speak but I do have a question: Your above 1st para…..we are NOW in a wave A up (today) Wave B down (maybe tomorrow) then wave C up after that? If so, going to watch 1540ish as the wave B low…or am I just f….ed up today and I need a drink…smile!
Low is in. Ramp up to come
Bank of america support levels: http://niftychartsandpatterns.blogspot.in/2013/04/bank-of-america-chart-analysis.html
ES Support levels: http://niftychartsandpatterns.blogspot.in/2013/04/es-support-levels.html
Well, I thought we would just have a B wave down and then go back up for a C wave but clearly this is a 5th wave down now as it went lower then Monday’s low. I can see 5 waves now so after today I’d say we’ll be going back up for awhile.
Predicting these moves has been extremely hard this time because the candle pattern closes are working like they should. If you go back and look at previous solid red candles where they closed it at the low for the day you’ll find that in 95% of the cases there was a lower low the next day. That’s not happening now as “they” are manipulating this market to extreme levels.
Who would have thought that we would gap up Tuesday morning after closing at the low on Monday? Every other time you would see a lower open after such a big down day just before it, which would put in some type of bottoming tail… but not this time. The gangsters gap it up!
Then today we gap down after closing up yesterday at the highs with a solid white candle. Again, 95%+ of the time this doesn’t happen. It’s a clear sign that “they” are desperate right now and are manipulating the market both ways to screw the bulls and bears both.
So now we have 5 waves in total which should make up one larger wave. But since this market is experiencing such extreme manipulation I’m cautious to call this a completed pattern. In fact the move up from this could just end up being some smaller wave inside a wave 3 or wave 5 down. I’m not sure how this is going to play out but I don’t think the bears are done until we hit 1500 spx or so. But it’s looking to be a wild and trick ride down.
SPX Analysis after closing bell: http://niftychartsandpatterns.blogspot.in/2013/04/s-500-analysis-after-closing-bell_17.html
Holy cow! What a crazy chart… not sure what to think about that?
I think we may have seen the B wave down already and the start of the C wave up into the close today. If we gap up tomorrow you’ll know the C wave up has started…
WTF?
Yahoo Finance http://finance.yahoo.com/q?s=fxm&ql=1
Seeking Alpha http://seekingalpha.com/symbol/fxm
say FXM is defunct…
… but StockCharts shows FXM trading and gapping up
Thanks Mr. Red……..I’m not a wavier so to speak but I do have a question: Your above 1st para…..we are NOW in a wave A up (today) Wave B down (maybe tomorrow) then wave C up after that? If so, going to watch 1540ish as the wave B low…or am I just f….ed up today and I need a drink…smile!
Thanks San your posts……
Been watching and waiting for a nice bounce in Gold…but it keeps dropping…crap-smile!
No pos just yet…..