er bespricht beide varianten seit april, die bearishere 1, 2, 3 seit top bzw. a, b, c (wie es AS auch zählt) seit top, mit der 3 respektive c to come. gut für das (ambivalente) big picture im spx und damit dem aktienmarkt:
"The daily chart of the SPX is loaded with signs that a top of some sort is upon us, the MACD is rolling over, divergence on an over-bought RSI, the STO rolling over to a sell, and the most important and favorite indicator, the 5/35 histogram is about to go negative, momentum is waning and very soon will be bearish.
The 1-2 down count, if correct will put the SPX in the range of 821 on a 3rd wave down (1.61 times the length of the 1st), as most of you know, I am not 100% confident on a P3 down, and play it more short-term, there is another possibility that the sell-off from the April highs that is labeled as wave 1, could also be labeled as wave "A", with all the sideways movement labeled as wave 2, being relabeled as the "B" wave, and with "C" still to come to complete a larger degree"B" wave. The whole "hope" rally from SPX 666 would then be labeled as the "A" wave with the final "C" wave still to come next year that would take the SPX to higher highs.(3-3-5)
I have noticed that the bullish bloggers have this labeled as a 1-2, 1-2, up since the low back in the beginning of July, I just do not buy that argument because the second set of 1-2's SHOULD be of a smaller degree according to Elliott wave theory, and as of now, they are equal in terms of price AND time, not to mention the way they have the whole hope rally labeled as an impulse wave. I have spent many hours trying to fit an impulsive count to that rally and it is impossible with-out breaking the rules, and if you ignore the rules, then why even use Elliott Wave because you already have a biased to ignore the rules that do not suit your preconceived outcome." -----------
"This market is bananas."
In Seitwärtstrends gilt: Ob Long, ob Short, das Geld ist fort. |
Thread abonnieren
