I would appear that wave 5 of 3 of 3
has begun from the Nov4th high
So what do we as a group think about wave 5:3:3
I do agree with JERRY R @ 100% about Nov 19th
and Ive written the reason several times as well
as my outlook for Nov 17th FIBO CLUSTER
They have gained on close 1450 dow points on Nov 4th
How does that relate to Elliott rules?
Heres the QUESTIOn
Will Nov 17 to 19 AS WAVE 5 be MORE SEVERE than wave 3 on oct 27th
OR will they match the dow 8175 low of Oct 27th?
Assuming, and I think we can do this,
wave 1 dropped 930 pts on the 5th & 6th
then wave 2 should really hold at + 355 = dow 9050 or 38.2%
Then wave 3 of 3 of 5 should hit ON NOV 13th to 17th, IMO,
HOW LOW IS LOW from that point?
930 pts can be matched from 9050 would = 8120 AND yes, very likely
IF 1.618 x 930 = 1505 = dow @ 7545
thats A little more than the 2002 at 7200
VERY POSSIBLE for the 17th
Nov 19th might actually go down intraday to
touch or get damn close to 7200
We have 11:30am and 1:30 pm as time slots.
Best wishes
Jay
1 comment:
Are you saying that this will be the lows of the year?
My thinking suggested that December lows (6-12) would be the lows.
In your thinking, would December lows be lower than 7,250 on Dow?
Your thoughts will really be appreciated.
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