Honestly: 1932 -1937 was a cycle wave one and the beginning of the 1932 - 2000 economic expansion. 2002 - 2007? is also a cycle wave one...
If one is to believe that the stock market abides by the "random walk theory" then coincidence would be the appropriate word. Also, to attempt to...
Added a new thread: Technical Analysis âºâº Lock and Load...Ready to Bear hunt? detailing the above.
Over the years, the one aspect I have always found fascinating about Objective EW, is that time and time again it proved that the fluctuations in...
Hey mike, 2116 = ur 2118-ish But it's 5 down on the minute chart, more to come.
Good point! EW is a measurement of market sentiment It confirms your scenario
Simple Linear Correlation (Pearson r). Pearson correlation (hereafter called correlation), assumes that the two variables are measured on at least...
Was checking my charts this morning trying to anticipate a bottom to this correction. And, here is a possible scenario: If the market can drop...
There is a striking correlation ongoing between the progression of the current bull market in the COMPX and the bull market in the INDU from 1932...
Mike, Exactly correct!
Mike, I posted on another thread at 11:30 this morning: Technical Analysis âºâº heavy resistance COMPX 2161 - 2164 You might find it...
hope you were short
I can count 5 waves down from the 2186 high in the COMPX: 1...2164 2...2172 3...2143 4...2161 5...2140 The rally late yesterday/today...
I wonder what the political ramifications of a rate increase will be?
Mike, Yes, I can see that count in the SP500. It even appears in the COMPX and INDU. Today's close in the COMPX exceeded the key pivot, for...
This market may not look pretty after the Crude market closes
Made me laugh :) Enjoyed that!
Maybe a little recap is in order: Posted Aug 30th: Appears to me we have seen the end of the four week decline in the market. And, we should...
Interesting monicker
Yep!
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