Replies to post #5089 on TRADING 04 FUTURES

[Qone0]

LOL, the MASTER is still waiting for wave [ 3 ] DOWN.

Only we are now in wave [ 3 ] up in minor wave 5 since that perma bear call.

Why am I posting the rules for wave 5? Because after watching how each bear/bull bias affected the longer count. The bull count has won and the bearish count has been torn asunder.

Wave 5 will usually move beyond the end of Wave 3.
l When Wave 5 is extended (more than 161.8% longer than both Waves 1 and 3) a point within
Wave 4 will often divide the entire Impulse Wave by 1.618.
l If Wave 5 is extended (more than 161.8% longer than both Waves 1 and 3), it is common for its
price length to be about 161.8% of the gross price length between the beginning of Wave 1 to end
of Wave 3.
l It is unusual for Wave 5 to travel a greater price or time percentage than Wave 3 traveled in its
entirety.
l The most likely price targets for Wave 5 are: 61.8% of Wave 1, 100% of Wave 1, 161.8% of Wave
1, 161.8% of the length from the beginning of Wave 1 to end of Wave 3.
l If Wave 3 is about equal to 161.8% of Wave 1 by price, the most likely time for Wave 5 is about equal to the time taken in wave 1

This is why, the clean simple count by blissbull.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47347046

[denmo83]

Master is wrong...

[denmo83]

I don't agree..

The major top in 2007 didn't have the RUT making a new high.

We had the RUT making a new high this time.

That may or may not be a big differece. But it certainly is "different" than in 2007.

The Master (who is the Master?) should be commenting on that.

[LisaAu]

TREND1, Has Hal been renamed or is Master Hal's kid, older and wiser sister, or someone else?

;)

[TREND1]

Well there goes Master's world(g)
Dow Jones above 10,729.90
*****************************************
.
MASTER says we are OK as long as we stay below 10,729.90
Major TOPS in 2000 and 2007 had same divergence.
Time Will Tell. IMHO.
.