Does he use EW as his primary way to forecast? From my experience EW should only be used to predict possible wave counts from what you see using technical analysis first.
While no one gets the all right I do think you need to use a combination of TA’s, EW’s, FP’s, Ritual Dates, FOMC Minutes (and other news), Trendlines, Cycles, and a flip of a coin… LOL
Don’t know at this point WB? Monday is tough call. If they gap up out of the rising wedge there’s 80%+ chance it will roll back over and head down toward the 1290 area. If we gap down then 1290 should give support for a rise back up to the 135.71 FP on the SPY… probably by opx Friday.
But there is the possibility that they gap up and run for the FP first and then sell off to the 1290 zone. Based on past opx week (which are bullish most of the time) I’m leaning toward a gap down and then rally back up… but I’m just guessing on that one.
just go opposite way of katzo. short for 3 years. gitterdone. watch wrong calls all day at http://deepwaveanalytics.com/forums/showthread.php?tid=811&pid=6391#pid6391
led the sheep to slaughter this week with his down calls. today he says long after it went up. classiclllloooll. poor sheep are caught short. best opposite contrare indicator in internet. he called for 1150 ohter day as guarantee, last time he did market went to my target 1425. gluckie . he buys tvix at 30, 20 , 10 and somehow up on it. and 3x short for 3 years. getchasome
The latest Men in Black….MIB 3………takes place in 1969. Will Smith travels back in time by jumping off the top of a skyscraper whose address is 405 or 504???? We see that number repeatedly throughout the movie. He heads back to July 15/16 1969.
July 15===Rooster Cogburn’s birthday(in the new TG version). Basically 7-15–87. Probably a 76 reference.
Last year’s Transformers also goes back to the 7-15-69 date.
Check out the top photo. The speaker basically is seen with the number 87 reversed behind his head and 87 is displayed two different ways there as well as 98. From top to bottom and backwards to forwards:
17 (8) 9
7 8
Then check out where his hand is pointing to or what appears just below his hand/ wrist.
I’ve been seeing 98 alot lately, 8989 last week but really don’t understand what it means unless it is 9×8===72 or 77 or 7×11?????
All the indices closed just below their highs from yesterday. Normally this type of setup resolves bullishly (at least during the 2009 bounce escapade). But I did look at these type of bars when they occurred in June and July of 2010. Normally following a red reversal day like yesterday, the following day saw a monster white bar/ rally day that completely enveloped (and dominated )the previous day’s bar.
Crude oil and gold and silver bounced from the overnight abyss to save the market today but crude oil basically tested its multi-month lows earlier during European hours.
So are these wave 2 bounces or continuation of the rally. On the weekly no bull flip and it needs to head south to avoid one next week.
Some gurus are callings this an intermediate bottom. But shouldn’t it have been more powerful. Or could it be repeating the events of 9-18/19—2008 but spread it over 4 days rather than 2. The markets rallied into the end of the week like then and following the Arpil 4,2000 event as well.
All of the indices basically have rallied back to the 50 RSI level (49+). The conformity of the various indices is very bizarre. $tran $spx $rut $indu $ndx all at 49+ with $sml and $compq at RSI 48
yes ew to day trade. he said he makes 99k a day and been short for 3 years. he is the illuminated
SPX Analysis after close:
http://niftychartsandpatterns.blogspot.in/2012/06/s-500-analysis-after-closing-bell_09.html
Does he use EW as his primary way to forecast? From my experience EW should only be used to predict possible wave counts from what you see using technical analysis first.
While no one gets the all right I do think you need to use a combination of TA’s, EW’s, FP’s, Ritual Dates, FOMC Minutes (and other news), Trendlines, Cycles, and a flip of a coin… LOL
Don’t know at this point WB? Monday is tough call. If they gap up out of the rising wedge there’s 80%+ chance it will roll back over and head down toward the 1290 area. If we gap down then 1290 should give support for a rise back up to the 135.71 FP on the SPY… probably by opx Friday.
But there is the possibility that they gap up and run for the FP first and then sell off to the 1290 zone. Based on past opx week (which are bullish most of the time) I’m leaning toward a gap down and then rally back up… but I’m just guessing on that one.
just go opposite way of katzo. short for 3 years. gitterdone. watch wrong calls all day at
http://deepwaveanalytics.com/forums/showthread.php?tid=811&pid=6391#pid6391
led the sheep to slaughter this week with his down calls. today he says long after it went up. classiclllloooll. poor sheep are caught short. best opposite contrare indicator in internet. he called for 1150 ohter day as guarantee, last time he did market went to my target 1425. gluckie . he buys tvix at 30, 20 , 10 and somehow up on it. and 3x short for 3 years. getchasome
$bpspx at 48% or so is nowhere near the August October lows levels. That shoots a hole in the intermediate bottom theory.
We’ll be passing 6-9 this weekend and have some numerology/ Gann cycles hits here as well.
The August 9 low last year and the October 10 low in 2008.
The 10-10-2008 low was 3years 8months ago or 888. The 8-9-11 low was 10months ago or 10/12 or 5/6 of a year ago or .8333333 of a year.
10-10-08 also will be 1338 days from June 11 next week. or 3.6666 years ago
We hit the SPY at 135 something or other and then………..?
69===54 or 45….the seasonal theme,
The latest Men in Black….MIB 3………takes place in 1969. Will Smith travels back in time by jumping off the top of a skyscraper whose address is 405 or 504???? We see that number repeatedly throughout the movie. He heads back to July 15/16 1969.
July 15===Rooster Cogburn’s birthday(in the new TG version). Basically 7-15–87. Probably a 76 reference.
Last year’s Transformers also goes back to the 7-15-69 date.
Just that June 11 has some very interesting aspects to it.
The original True Grit released on June 11,1969.
And I came across this:
http://www.uclaforecast.com
Check out the top photo. The speaker basically is seen with the number 87 reversed behind his head and 87 is displayed two different ways there as well as 98. From top to bottom and backwards to forwards:
17 (8) 9
7 8
Then check out where his hand is pointing to or what appears just below his hand/ wrist.
I’ve been seeing 98 alot lately, 8989 last week but really don’t understand what it means unless it is 9×8===72 or 77 or 7×11?????
Next week is 244 weeks from the 10-11-07 high.
Also have a big “4 Letter Event” hit for later.
All the indices closed just below their highs from yesterday. Normally this type of setup resolves bullishly (at least during the 2009 bounce escapade). But I did look at these type of bars when they occurred in June and July of 2010. Normally following a red reversal day like yesterday, the following day saw a monster white bar/ rally day that completely enveloped (and dominated )the previous day’s bar.
Crude oil and gold and silver bounced from the overnight abyss to save the market today but crude oil basically tested its multi-month lows earlier during European hours.
So are these wave 2 bounces or continuation of the rally. On the weekly no bull flip and it needs to head south to avoid one next week.
Some gurus are callings this an intermediate bottom. But shouldn’t it have been more powerful. Or could it be repeating the events of 9-18/19—2008 but spread it over 4 days rather than 2. The markets rallied into the end of the week like then and following the Arpil 4,2000 event as well.
All of the indices basically have rallied back to the 50 RSI level (49+). The conformity of the various indices is very bizarre. $tran $spx $rut $indu $ndx all at 49+ with $sml and $compq at RSI 48
Tick was +1000.