I FOUND this VISUAL from DANERIC which is a PICTUREof my outlook below showing wave 5 RIGHT NOW- IGNORE the other sub labels
Coincidentally - HE HAS THE SAME WAVES ON THE SAME DATES
Jay
FROM April 26thA SIMPLE VIEW
NOT withstanding ALL the Subwaves
April26 to May7th = WAVE 1
May 7th to 13 = Wave 2
May13 to 25th = wve 3
NOW in WAVE 4 or WAS completed May 27th
THUS
NOw in Wave 5 with its OWN 5 waves
june 1st wave 1 of 5
June 2 wave 2 of 5
June 3 wave 3 of 5
June 4 wave 4 of 5
June 7th = YOU KNOW IT- 5 of 5 and possible spx to 1008
______________________________
Presenting ELLIOTT waves as above might raise the IRE of many wavers
and I did NOT include ANY SUBWAVES as the publisher did
BUT it is A WELL KNOWN premise with ELLIOTT :
IF wave 1 DOWN is accomplished in 5 waves, then that is NOT the END of the CORRECTION
but just simply WAVE A or WAVE 1 of A , B&C to follow
Which Ive ALREADY projected could take at least 18 months to complete
Jay
JAY
15 comments:
I am watching SPY 109.20 as a pivot. Bullish above to about 111 and bearish below to as low as 102+ change.
If 109.20 becomes support the 111 level can be shorted to about 104.
KC
Dow jones triangle updated
http://niftychartsandpatterns.blogspot.com/2010/06/dow-triangle-in-2-hours-chart.html
Jay,
I think rrman is right about the top being on Jun 7.
should go down pretty good until around midnight then back up with tomorrows high right after open then big down wave until 1am central friday
should go down pretty good until around midnight then back up with tomorrows high right after open then big down wave until 1am central friday
rrman
I still think we do will do this until 7th.
Hi Jay and fellow bloggers,
What a fantastic site! Thank you for all of the great information.
Mahendra is forecasting a big crash in something from today's bulletin. Can anyone tell me what that is?
My e-mail is nealinnagoya@hotmail.com if posting here is not possible.
Thank you!
test
Ratatat M is early a lot of times
we will retest the lows around June 20 or so we shall see if they hold..
Frankly the best thing to do is play cautious and let the market tell us what it's going to do when it happens. Going too long or too short ahead of 'job report' could be a disaster. I am long a few stocks that I picked up today, and I think some of today's excitement will follow through for tomorrow am.. but again.. with all the chop we've had I'm playing it close to the vest.
No way we retest lows by June20. No way.
How about forecasting a high for a change?
You guys can change your mind u know? It is allowed.
Preferably do it before we actually get to a new high or new low.
Ricky you pick and choose what you listen to I have been saying we top June 7th for weeks but it won't be a new high there are no more new highs until December
How about to 1110 tomorrow or Friday and then down to 1030-1040 by 6/14-6/15?
http://www.screencast.com/users/Kc135a/folders/Jing/media/fdbcadfc-0466-4d8f-bc79-5bc8c751825b
kc
u mean take out bear stops at 1107, then reverse
Dear RRMan
You wrote
rrman said...
Ricky you pick and choose what you listen to I have been saying we top June 7th for weeks but it won't be a new high there are no more new highs until December"
Could you explain what makes you say that? Hope you see this message!
Your timing here is not really very probable. Just my opinion.
We could remain in a range but 7th June wont be top.
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