I used too read his stuff but he seemed to be “always” bullish… and of course that just didn’t set well with a bear like me. So, I stopped read him. But, for an EW guy… he is pretty good. You just have to remember thou that the market is bullish 90%+ of the time… so being a bullish charter is much easier to be correct.
Gang, it’s looking quite obvious now that the market isn’t likely to have any real bounce until the dollar hits the FP of 86.47, which at that point I’d exit shorts and possibly go long the market… or even short the dollar.
Yes, in the double ninen episode, it appears the equivalent period for tomorrow saw a drop with an intraday low of -5.5% with a big gap down open. 5.5% off of 1330 is 73points. Of course, in the double ninen fractal, the market had dropped quite a bit more going into that trading day.
Yesterday’s action in the $dax,$mib(Italy),$ibex(spain) and even $atg (Greece) mimicked the action seen the day before the flash crash in the US indices. $xeu (euro)with a similar bar as well.
It looks like I might not be sleeping tonight or I might just get up early.
Tomorrow will be 106 weeks from the flash crash (Guess which week was flash crash week??? or 742 days later ie 76 or 7×106. Never expected anything for tomorrow but the numerology is too appealing. And the market is in the perfect technical position for one. Just can’t see them doing it ahead of the Facebook IPO. But then again this decline has been lagging and things need to get going.
Following the fractal from double 4 years ago, everything is moving smoothly and there really shouldn’t be a pop until Monday but I can’t expect it to follow it exactly. And any bounce did not produce a bull flip.
We could also see a trend week move down for opex week as in the double 4 case.
Do the RIVs’ mean something!!! Already aware of the initials below. They were used in the raVen and Tebow and #3 of the Thrice were advertising it on Jackie Robinson(#42) day last month.
Ron Paul didn’t quick gang…
http://www.youtube.com/watch?feature=player_embedded&v=SzeoVUo1QCA#!
🙂
I used too read his stuff but he seemed to be “always” bullish… and of course that just didn’t set well with a bear like me. So, I stopped read him. But, for an EW guy… he is pretty good. You just have to remember thou that the market is bullish 90%+ of the time… so being a bullish charter is much easier to be correct.
Tony Caldaro is STILL bullish and he is pretty good. Wonder what it will take to turn him into a bear?
We tagged the trendline from 2007…
http://screencast.com/t/qwHk6sUF
Apple support and resistance levels:
http://niftychartsandpatterns.blogspot.in/2012/05/apple-support-and-resistance-levels.html
Gang, it’s looking quite obvious now that the market isn’t likely to have any real bounce until the dollar hits the FP of 86.47, which at that point I’d exit shorts and possibly go long the market… or even short the dollar.
http://reddragonleo.com/wp-content/uploads/fp-dollar-86-47-on-04-28-2011-date-one-day-in-the-future.png
EURUSD Near weekly support levels:
http://niftychartsandpatterns.blogspot.in/2012/05/eurusd-near-weekly-support-level.html
Yes, in the double ninen episode, it appears the equivalent period for tomorrow saw a drop with an intraday low of -5.5% with a big gap down open. 5.5% off of 1330 is 73points. Of course, in the double ninen fractal, the market had dropped quite a bit more going into that trading day.
Yesterday’s action in the $dax,$mib(Italy),$ibex(spain) and even $atg (Greece) mimicked the action seen the day before the flash crash in the US indices. $xeu (euro)with a similar bar as well.
It looks like I might not be sleeping tonight or I might just get up early.
Tomorrow will be 106 weeks from the flash crash (Guess which week was flash crash week??? or 742 days later ie 76 or 7×106. Never expected anything for tomorrow but the numerology is too appealing. And the market is in the perfect technical position for one. Just can’t see them doing it ahead of the Facebook IPO. But then again this decline has been lagging and things need to get going.
Following the fractal from double 4 years ago, everything is moving smoothly and there really shouldn’t be a pop until Monday but I can’t expect it to follow it exactly. And any bounce did not produce a bull flip.
We could also see a trend week move down for opex week as in the double 4 case.
Now need to look at the double ninen precedent.
Do the RIVs’ mean something!!! Already aware of the initials below. They were used in the raVen and Tebow and #3 of the Thrice were advertising it on Jackie Robinson(#42) day last month.