not just the Elliot Waves and technicals that show things paddling down Hogan's Alley – I have never seen so many stocks so expensive compared to earnings before fundamentally its been a ponzi scheme since like last summer.
The greater fool theory has been rampant for too long now the only thing is that the risk of ending up being the greatest fool landed with worthless stocks when it inevitably corrects rules me out of any long positions
It's the way the elliottwave patterns are lining up. Wave 3's are super powerful, and that's what is coming up next. By looking at the charts, I think we will peak on February 8th-9th for the larger wave 2 up… which is happening right now.
We could be up to 113-114 spy by next Monday or Tuesday. Then the wave 3 down will start and should take us down to around 1030 by opx. It will go hard and fast, as all wave 3's do.
I guess you could call it a mini-crash as a 100 point drop isn't exactly a “Crash”, but it's still a scary drop… if you're caught long of course.
Great chart Apple Al… Thanks for sharing. It's definitely showing the bullish move that we are now having. The key is to figure out when it's going to rollover.
I'm getting more vibrations that this friday “they” are going to close the market near 1144 to set up what was warned of 30 days ago, which was the second monday of January and this coming monday will be the second monday in february and they closed the market @ 1144.98 before they gave us the warning, I got a picture of it with the candle printed http://www.flickr.com/photos/47091634@N04/43257…
Red, if your interested……… http://screencast.com/t/YmM2YWMxOTIt Only been working with this for about a month, you could say it's good at showing the obvious. It did start showing an increase in buying pressure about mid-week last week, also selling pressure line was diverging into Friday
not just the Elliot Waves and technicals that show things paddling down Hogan's Alley – I have never seen so many stocks so expensive compared to earnings before fundamentally its been a ponzi scheme since like last summer.
The greater fool theory has been rampant for too long now the only thing is that the risk of ending up being the greatest fool landed with worthless stocks when it inevitably corrects rules me out of any long positions
It's the way the elliottwave patterns are lining up. Wave 3's are super powerful, and that's what is coming up next. By looking at the charts, I think we will peak on February 8th-9th for the larger wave 2 up… which is happening right now.
We could be up to 113-114 spy by next Monday or Tuesday. Then the wave 3 down will start and should take us down to around 1030 by opx. It will go hard and fast, as all wave 3's do.
I guess you could call it a mini-crash as a 100 point drop isn't exactly a “Crash”, but it's still a scary drop… if you're caught long of course.
CRASH!! …. WHY?
Why do you expect crash, when all things are getting better including employment.
I know, I know. This is either a 2nd wave or a B wave, in either case it's probably going to try our patience.
very interesting and thanks for sharing but where do these vibrations come from and what form do they take?
Also when you say closed to what exactly?
[Forgive me I am still new to all this and finding it fascinating]
Great chart Apple Al… Thanks for sharing. It's definitely showing the bullish move that we are now having. The key is to figure out when it's going to rollover.
I'm mis-understanding you? Are you thinking that they are going to run it up to 1144? The picture shows 1047? I'm lost?
Red,
I'm getting more vibrations that this friday “they” are going to close the market near 1144 to set up what was warned of 30 days ago, which was the second monday of January and this coming monday will be the second monday in february and they closed the market @ 1144.98 before they gave us the warning, I got a picture of it with the candle printed
http://www.flickr.com/photos/47091634@N04/43257…
Red, if your interested………
http://screencast.com/t/YmM2YWMxOTIt
Only been working with this for about a month, you could say it's good at showing the obvious. It did start showing an increase in buying pressure about mid-week last week, also selling pressure line was diverging into Friday
Yeah, you never know with those guys.