Guest bidhitter Posted March 24, 2003 Report Share Posted March 24, 2003 Sg.. I'm a novice so bear with me. The only way I learn is ask questions. Should the wave B declline from Dec to last week you are counting should count 3 waves better than 5 waves? as decline/advance? Link to comment Share on other sites More sharing options...
summoner Posted March 24, 2003 Report Share Posted March 24, 2003 Wavin..... see posts from this weekend for comp and spx targets...B WAVE down, then C up, then TURD OF A TURD OF A TURD...the fibernachos from the DEC 2 highs are unbelievably accurate Link to comment Share on other sites More sharing options...
simple guy Posted March 24, 2003 Report Share Posted March 24, 2003 Fibs still under retracement of A wave down (of A B C corrective move down) 25.91 at 38% 25.45 ish 50% See if we test 25.91 tomorrow for A, then B up, then C to 25.45 ish...?? A wave was 5 waves to 27.38 print high B wave will be 3 wave structure downward (A B C) C wave back up 5 waves again... likely to retest Friday's highs if not a tad higher... Link to comment Share on other sites More sharing options...
PileDriver Posted March 24, 2003 Report Share Posted March 24, 2003 I'm staying safe with wave #2 up has already finished See ya! http://www.leavittbrothers.com/Wavespeak_032303.pdf Optimisitc greed on Friday was through the roof. I highly doubt we need to go down then back up one more time but if so, doesn't bother me. I'm not splitting hairs and missing it after having endured the insanity of the last 8 days. :grin: Link to comment Share on other sites More sharing options...
summoner Posted March 24, 2003 Report Share Posted March 24, 2003 BID, DEC 2 high was start of WAVE 1 which had classic 5 waves down...WAVE 2 a corrective wave began MAR 12 and should be an ABC correction. wave A ended FRI and Wave B started today...look for a turn next 2-3 days, an end of month jam as SG predicts with some IRA contributions to fuel the fire and wave C up....Then the waterfall Link to comment Share on other sites More sharing options...
Guest Posted March 24, 2003 Report Share Posted March 24, 2003 CBOE PCR 3:00 PM CST PCR and Change from Open Equity 0.73 17% Index 1.12 -41% Overall 0.85 -8% Link to comment Share on other sites More sharing options...
simple guy Posted March 24, 2003 Report Share Posted March 24, 2003 One other interesting note Fibonaccis rear their head 8 day rally 3 day corrective ABC 5 day rally (would be .618% of the duration of A wave rally, which is typical of C waves) Would also put us on or about Bradley turn (which has a real plus minus 4 day window) things that make you go hmmmmmmmmmmmmm Link to comment Share on other sites More sharing options...
simple guy Posted March 24, 2003 Report Share Posted March 24, 2003 More fun with Fibo's A (of abc corrective) stops at 25.91 38% retrace B goes up and retraces 38% of the A move (27.38 less 25.91) to 26.47 C goes .618 of A (1.47 times .618 is 91 cents) C= 26.47 less .91 or 25.56 ish SO.... A to 25.91 B to 26.47 C to 25.56 to complete the B pattern down by Wednesday (3 days) Then 5 day mini-rally into Bradley Turn for a move down.... What the hell do I know, I just like math and nature Link to comment Share on other sites More sharing options...
anotherone Posted March 24, 2003 Report Share Posted March 24, 2003 As the final numbers settle looks like NYSE staged a less than impressive 94% down volume day. Supposedly 90% down days are followed by rallies and 90% up days are followed by drops. Looks like we get to chop around a bit. Link to comment Share on other sites More sharing options...
Guest bidhitter Posted March 24, 2003 Report Share Posted March 24, 2003 Thanks for the explanations guys. That would fit well with a 12 day up cycle and the beginning of a new down cycle becasue the first top of new down comes in on days 1-3 generally. We'll get it nailed. tks again Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.