Replies to post #25204 on The TradingEdge

[123tom]

Its a tricky task to count waves correctly isn't it. I think sometimes it offers a clue to the count by counting the RSI wave structure. a little clue.

[Smurfedtear]

Wave 5 needs to be relocated since 1883.57 has been topped with 1890......

Like Obrien requested, try using 3 waves to build your cycles and then work it until you reach close to Wave 5.

Rename current Wave 5 to Wave 3 and work from there :)


I'm pinning Wave 5 at 1910.76

[Smurfedtear]

Wave 5 shall be placed on 1902.17 :)

[jxyzobrien]

signals
Use as many signals as possible to determine entry point. Change RSI
on daily to 7. This gives better signal since rsi 14 does not hit
very often. signals marked on chart.

[jxyzobrien]

How are you
Hi ashan how are you doing

[jxyzobrien]

Best chart in the world
Its in OUR STICKIES and i missed it. I don't feel bad Ashan who did the excellent chart missed it too. He has the chart marked wrong.
That's ok still the best. KUDDO"S to Ashan.

Where have you gone Joe Dimaggio and Ashan (uplata). Ashan is a BT
and JXYZ student no brag just fact.

The RSI on the chart clearly and definitely shows monthly RSI failing to break the RSI 50. RSI 50 is where trending markets
bounce off of or fail and the trend changes. Now a market must
first reach RSI 70 on the monthly. So a market not reaching RSI
70 and falling below rsi 50 does not count.

BT BOARD NOT INTERESTED IN A BEAR MARKET BECAUSE WE ARE NOT IN ONE.
Other spx/spy boards do not know this do not tell them they will
get mad at you. Bears are temperamental and hate bulls because
most of the time they take their pic-a-nic baskets.

[jxyzobrien]

ahsan
hope u and family are good

[rimshot]

nice chart set ... I notice the dividend adjusted SPY monthly chart reveals timing that the non dividend adjusted SPX monthly chart does not, fyi

I use different MA's and different BB settings than you have chosen for the weekly and monthly primary trend change or trend change confirmation alerts

you can see charts I have posted in March/April from my Stockcharts folders for SPY weekly and SPY monthly by scrolling through my IHub post history , if interested

the SPY price values for the primary lows and primary highs and Fib's also provide different timing than using the non dividend adjusted SPX index charts

thanks for the post.