The seasonal factors benefited the market again today, although with horrible volume. I am seeing the end of wave 2 arriving soon with completion of an Ending Diagonal either tonight, or aly tomorrow (Will I ever change that tune). Also an interesting Financial Astrology pattern kicks in overnight. On Friday the Moon enters Cancer and…
Here we go. [iii] should start soon, or the count is wrong.
The Fed are doing everything they can to recreate the Credit Bubble, and get Asset prices rising steadily again. Unfortunately, for them, money is not flowing into their beloved Housing Market yet. Instead all the new money is flowing into the most liquid of Assets, stocks and financial commodities, though. QE1.5 and the potential QE2…
Well that was fun for the boyz. The closing at the high was highly indicative of a short squeeze. Just like the “Get Shorty” strategy from the Enron traders - I suppose GS must have bought the book from them. Anyway this wave 2 is acting just like Minor wave 2. Which means…
Either [ii] is done or there is one more push up to go.
Okay it looks like wave 1 down minor 3 was so variant of Leading Diagonal and we are now in the retracement, which is sharp and deep. The [ii] target zone is highlighted.
Count below:
Every time I see a 1-2-1-2-1-2 pattern the market gaps up to infinity and beyond… Funny that.
Anyways it looks like we we completed 5 down and we are now in, yet another, 2 up.
I’ll do a recount and repost a chart.
Wacky day. The Fed as good as admitted that they are terrified of deflation and the liquidity trap beckons. There was some blatant price manipulation at the close for month end Fund performance purposes and my count is now all 1′s and 2′s – which worries me. At least it gives me a…
It looks like ED’s come in 3′s, as it appears that this mornings upward correction was also an ED. Latest update below and a chart of the ED:
