The right shoulder topped onDec 10th and has plunged 2000 points from the oct11th top
Oct 10 to Nov 26 = 1350 pts ---Wv1
Dec 10 to JAn 25-28th = How many points- heres some simple Fibo math
1350 X 1.618 = 2200--- Wv3
Dec 10 13,700 - 2200 = 11,500
Thats Puts TIME and price on Jan 25th to 28th @ Dow 11,500
Another analyst on the T&C site provided a different analysis, but came out with the same dates
1728 trading week from 12/1974 = week of Jan 25th
288 weeks from Oct ,2002 = week of Feb 1st
Best Wishes
Jay
3 comments:
That would require some stupid panic selling, which is probably what the pros want. Looking at individual Dow stocks, I see good Trendline, Fib, and Bollinger Band support right at these levels, but i guess they need to take the VIX above 30 to get a bottom. Maybe another 100-300 Dow points, no more.
Hi Steve,
thanks for your post
Europe says otherwise.
Possible CRASH in January
Jay
Jay,
You were right; I misjudged the insanity of crowds...Good Trading
Steve
Post a Comment