Replies to post #19724 on Cycle Trading

[haha11]

(E)lets see VIX daily..BEAR...note STO..at sleep NOW..under 20 ..now 3.83..

when will wake up ..?..keep watching..

for entertainment only..




http://schrts.co/nxUfHRCP

[jaws57]

your chart shows the 5 waves more clearly. Try a 60m and not so clear.
If w3=w5 then 269-270 good target SPY

[Duma]

Below is a copy of my Daily SPY chart. I have a different take on it then you. I don't believe that the Jan 14 dip was the end of w3, I think we are still it in. If w3 is 1.68 * w1, then w3 would end at 273.30. That is just my opinion and your opinion is as good as mine.

What is more important to me is that we are still a long way from the high on Sept 21 of 291.52. It looks like we had a true 5 wave down cycle. So that begs the question that after the 3 waves up are put in, do we then have another 5 waves down? That is the million dollar question.

Hard to believe that the down turn started in Sept.
Hard to believe that Jan has been a stellar month so far.
Who would have guessed, which is why trading charts is the only way to trade.