Does the fact that we pushed through declining resistance to 1390ish change your count?
I am looking for something like your chart above. I find it fascinating that the moves have been almost identical to the upside. Three waves with the 1st and 3rd waves being almost equal. I am sure that is a pattern that has a tendency to break out one way or another. Until it does, I will chose selectively what I buy with 1-2% capital. Has been worth it so far.
CYCLE - Green - I, II, III, IV, V - A, B, C, X PRIMARY - Red - I, II, III, IV, V - A, B, C, X MAJOR - Blue - 1, 2, 3, 4, 5 - a, b, c, x INTERMEDIATE - Purple - 1, 2, 3, 4, 5 - a, b, c, x MINOR - Red - 1, 2, 3, 4, 5 - a, b, c, x MINUTE - Green - 1, 2, 3, 4, 5 - a, b, c, x MICRO - Black - 1, 2, 3, 4, 5 - a, b, c, x NANO - Black - (1), (2), (3), (4), (5) - (a), (b), (c), (x)
Manage apple orchard & processing business full time - trade part time
Traded cattle futures professionally for family meat packing company in 1980's
Also traded stock indexes for own account
Won the US Trading Championship - Options Division in 1986 (500%+ return in 4 months)
Hi Al,
ReplyDeleteThanks as always for the charts.
Does the fact that we pushed through declining resistance to 1390ish change your count?
I am looking for something like your chart above. I find it fascinating that the moves have been almost identical to the upside. Three waves with the 1st and 3rd waves being almost equal. I am sure that is a pattern that has a tendency to break out one way or another. Until it does, I will chose selectively what I buy with 1-2% capital. Has been worth it so far.
Aaron
Put up a new post tonight (Wednesday) with some alternate possibilities - triangle idea is pretty much out the window.
ReplyDelete