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| June29th @ 8:45am |
As a 4th wave the Maximum gain by Elliott rules cannot exceed 1311.80 = the wave 1 low on May25th.
Fibo levels from 1345 to 1258 =87 pts & darn close to 89 fibo
gains can be fibo levels also
87 X 55% = 48 + 1258 = 1306
87 X 62% =54 + 1258 = 1312
Elliott graph shows SIMPLE COUNT and wave i of 5 of [1] to make itself known as of July1st.
and finish wave [1] by the 15th.
VOTING PROGRESSES in GREECE, but what does that have to do with the Markets?
NOTHING - but it just happens to coincide with a 4th wave rebound.
more later
Jay
2 comments:
BUY the RUMOR
SELL THE NEWS
WAVE 4 may have just ended
all targets have been hit
wave a was 40pts from 1298 -1258
wave c was 1263 + 40 pts =1303
Remember the I have mentioned
40 pts as a rule of thumb and that sure was obvious on this wave.
another precept
wave 1 = wave 5
wv 1 was 59 pts
wv 5 = 1303-59 = 1244 which is a number we have discussed many times
IS THAT ALL THERE IS?
UH-UH
there will be more to come as
pictured by the July monthly graph, and the Elliott projection published today
ALSO
WATCH the mkt when oil breaks under $90
Jay
another Thought for today
Today at 1:30 is a REPEATING time cycle from March 24th high at 1;30pm
Will that provide a strong/ defined turn-
its now 1pm, and they are hanging tough at 1308
so we shall see shortly
Jay
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