Dear Readers, We can look at what we have and we can look at we do not have. OK looking at the Pressure charts , we have a former buy signal and looking at the same we do not have sell signal, in either Q's or SPX. There... Good Trading
I'm following the 60min GS chart as a proxy for the market. GS is in a fifth wave off the August low. From the 60min chart it looks like it will finish a third wave of the 5th wave going into the FED so I am expecting a sell off to start the 4th wave. based on the pattern forming on the vix I strongly feel that the market will put in 5th wave tomorrow and friday and that will be all she wrote. Nov 2nd is a fib day (55th day) off the August low and I suspect 5 waves will be in.
Also if you look at the 18 month daily of GS, it clearly looks like it is in a 5 wave expanding triangle primary wave 4. If so, it is completing the D leg now and the E leg will take back to last summers low of $135ish.
Considering GS has been a market leader since August, this type of move for GS can only mean very bad things for the market.
I'm following the 60min GS chart as a proxy for the market. GS is in a fifth wave off the August low. From the 60min chart it looks like it will finish a third wave of the 5th wave going into the FED so I am expecting a sell off to start the 4th wave. based on the pattern forming on the vix I strongly feel that the market will put in 5th wave tomorrow and friday and that will be all she wrote. Nov 2nd is a fib day (55th day) off the August low and I suspect 5 waves will be in.
Also if you look at the 18 month daily of GS, it clearly looks like it is in a 5 wave expanding triangle primary wave 4. If so, it is completing the D leg now and the E leg will take back to last summers low of $135ish.
Considering GS has been a market leader since August, this type of move for GS can only mean very bad things for the market.
But then again, I look at the AAPL chart and its obviously being shorted against its high. - this one makes me think the market will pop on the FED because of the short squeeze - sentiment needs to get more bullish
9 comments:
Boris,
thanks again
Old John
Good Morning Dear John,
Good Trading to you
Boris,
Hate to bother you but since no one else has, I will.
Limits today >? or does the Fed nonsense throw that out the window?
thanx
Old John
Hello Boris/everyone.
I'm following the 60min GS chart as a proxy for the market. GS is in a fifth wave off the August low. From the 60min chart it looks like it will finish a third wave of the 5th wave going into the FED so I am expecting a sell off to start the 4th wave. based on the pattern forming on the vix I strongly feel that the market will put in 5th wave tomorrow and friday and that will be all she wrote. Nov 2nd is a fib day (55th day) off the August low and I suspect 5 waves will be in.
Also if you look at the 18 month daily of GS, it clearly looks like it is in a 5 wave expanding triangle primary wave 4. If so, it is completing the D leg now and the E leg will take back to last summers low of $135ish.
Considering GS has been a market leader since August, this type of move for GS can only mean very bad things for the market.
Mark P
Hello Boris/everyone.
I'm following the 60min GS chart as a proxy for the market. GS is in a fifth wave off the August low. From the 60min chart it looks like it will finish a third wave of the 5th wave going into the FED so I am expecting a sell off to start the 4th wave. based on the pattern forming on the vix I strongly feel that the market will put in 5th wave tomorrow and friday and that will be all she wrote. Nov 2nd is a fib day (55th day) off the August low and I suspect 5 waves will be in.
Also if you look at the 18 month daily of GS, it clearly looks like it is in a 5 wave expanding triangle primary wave 4. If so, it is completing the D leg now and the E leg will take back to last summers low of $135ish.
Considering GS has been a market leader since August, this type of move for GS can only mean very bad things for the market.
Mark P
Dear Mark, thanks a lot.
Good Trading
Mark,
thank you, going to the charts now to learn something.
Old John
But then again, I look at the AAPL chart and its obviously being shorted against its high. - this one makes me think the market will pop on the FED because of the short squeeze - sentiment needs to get more bullish
Mark P
A guess from a novice.
Drop after the announcement and then a rebound into the close. Watching the BS on tv and looking at the limits,
Old John
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