CHARTS_SWAVE_COUNTS
S Wave Discussion
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Authors of any and all posts reserve the right to be wrong!
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charts with labels/annotations
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egos
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E Wave Rules and Guidelines : see post # 243
Happy Family Theory Of Markets (HFTOM)
AJTJ99 developed this one that states:
Any of the member indices that makes a significant high/low will result in the other members following.
The resulting following of the other members need not be immediate and often can be weeks or even months
members: SPX,INDU,NYA,COMPQ,WLSH, and additional indices to keep an eye on: NDX and RUT
Another of AJTJ99's theories is the no such thing as a triple bottom
The triple bottom will be busted in short order.
Scamman's rule of 3
Scamman's Rule of Three stipulates that when the put-call ratio on any of the key indexes - DJX, SPX and NDX - is 3 or higher on a closing basis, there will be a sell-off within 3 sessions
The rationale is very simple - such an imbalance indicates that the "Da Boyz" have positioned themselves to profit from an imminent decline.
my e mail: snootmagruder@yahoo.com