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Im lookin at May for {the} market bottom not sure how housing will fit in. Plenty of bounces along the way though.
Dang! I hate it when it does that... fall behind so it can jump ahead.lol
I think my ED e wave finished at the HOD yesterday. Im hoping for a full retrace when the first wave 2 comes in on monday...
In other words its allready in wave 51 down...
I missed the top...sigh!
triangle time lines revised:
http://wavetrendsbyfrank.com/rv.jpg
ede is in progress and running late. ndx1240 tomorrow will do for me. GL http://wavetrendsbyfrank.com/ede.jpg
Rally cap on 3 waves down done at the LOD.eom
Ive been thinkin that the next 6 months pose to be the greatest trading opportunity of my life time. Then it occured to me that trading in the aftermath may be near impossible THEN it dawned on me that there might not be such a thing as daytrading even swing trading once all this rolls out. Dont think that is a exageration of the possibilities. You can bet at the very least the rules will change...say a steeper tax on very short term trades....If there is still a market....If there is still a dollar..lol
I know. I know. Stick to the TA.
Agreed Im thinkin gold will pull back into the mid 600s as the dollar strengthens and as the market wains....Not what I was expecting.lol
My latest take on NDX:
end of triangle TD is jan 23-26
Merry Christmas to one and all...God Bless!!eom
OK Phew...I got lucky then.lol
For thoose who asked:
They will be lowering the price tonight and if you own it that amount comes out of your account but is paid back as a dividend that you will have to pay STCG tax on. (Last year it was a 5 dollar move on the one I had)
Thanks!...I got caught last year.eom
Beware!!!! I got caught last year.....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34359235
mostly this......http://market-ticker.denninger.net/
Ed is busted
Diamond top formation on NDX?
Pop and drop in play for GOLD today. Its completing a 5 day ED.
It should retrace to 31 if so.
that is all.
tjwny...my guess......Market bottoms mayish 09.....depression lasts into 2017. (Translates as a long jobless recovery)
Green line is prolly money....we'll see tomorrow.
Or not...lol. Bigg deal breaking 7600 on dow...Ill have to go back to watching for a bit.
ED to finish the ED right here.NDX
I was pretty sure it had at 1.24 but the pattern since is possibly a triangle So it could do another short leg down.
Im still holding GOLD since that low.
lookin for 24.5 today.
long at 21.41 qld....tight stop.
Hey Chuck just thought Id let you know I moved my order down a dollar from what I told you yesterday. Looking for it late tomorrow after a morning bounce.
SMH's 3d wave down finished yesterday. so its now in tis 4th.
Ill be back for the close.
Same one (NDX)we were looking at last night. It just has extended.
triangle is ED4.eom
Thats what Im thinkin. but we'll see..this market has way too many strings pulling on it for my liking.lol
The euro looks close to bottoming overnight or tomorrow.So Gold and Oil will be buys tomorrow. The indexes arnt done though they could rally tomorrow in E of a triangle.
eurusd has formed a triangle ..It should break down one more time once e completes. My count from its high is an abcxab and the next wave down should finish the correction.
Dont look at the cycles since airedale isnt around.Full moon was yesterday though.
Possible intraday triangles on everything.eom
Well maybe I was wishing... if not today Monday or Tues
maye not. Ive got another chart to do tonight this could be the end of ed1 OF the C wave down from the 2329 high...
Ill try to explain it in the chart.
Today is Tony's day....me thinks.... get your dow at 7609.
if it gets there today vxo should hit 150 like it did in 87.eom
Yahoooo! We're gonna get an ED on this side of the triangle. bottom between today and tues.IMHO.
Its all about team work I tellya.lol.....nikki225 futures down 1250.