Over the past week 1037 has been big support on three separate occasions. Once last week Wednesday, Friday, and again Tuesday during the overnight session. Holding this level will give bulls reason to believe that we can move higher in the short term. But there is also a pattern forming that could give bears reason [...]
Over the past week 1037 has been big support on three separate occasions. Once last week Wednesday, Friday, and again Tuesday during the overnight session. Holding this level will give bulls reason to believe that we can move higher in the short term. But there is also a pattern forming that could give bears reason [...]
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:
[Update - Count Invalidated - Likely this morning's rally was only the 'A' wave]
Okay, volume was non existent today so there may be false signals out there. Based on what I see this is my best Count.
10 Minute Count
2 Hour Count
Daily Count
A Critical line to watch
We are either in nested 1-2′s today or have just completed a Leading Diagonal. A wild move up or down will soon unfold.
Not sure on this count yet, however best bet so far. Notice the bounce at the 23.6% retrace.
