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Sit Ubu Sit .... Ubu?

Recs

13

October 30, 2009 – Comments (4)

(whispering).... We have secretly replaced Gary David Goldberg's Black Labrador with a large grizzly bear, let's see if he notices

Ubu ??
AHHHH!!!!!!
ROAR !!!!

..... I am just randomly entertaining myself. But this nice bullish compliant rally has been secretly replaced with a (or rather the resumption of) bear market.

Let's see if the dip buyers notice.

.... continued in Comments section ...

4 Comments – Post Your Own

#1) On October 30, 2009 at 5:09 PM, binve (< 20) wrote:

Anyways, getting back to the counts. I still maintain that the count, at least at the Minute degree (but I also think Minuette discrepancies are too big also), should be the same between the 5 major indices (SPX, INDU, COMPQ, NDX, RUT). So drawing on the observations from last night (Reinstating the Tin Foil Hat Zone) here are my counts.

Wave 4 going into 1 on the Dow *CANNOT* be ignored. So I think a leading diagonal makes the most sense. It counts as one very specifically on the Dow, COMPQ and NDX and it is only the "shape" of a diagonal on the SPX and RUT.

Point is I think yesterday was a Wave 2 reaction and the strength of today especially as it accelerated the last hour counts very nicely as the _beginning_ of a Wave 3.



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#2) On November 01, 2009 at 10:06 AM, bothisellhigher (29.14) wrote:

And so...does wave 3 take us to...1025?...940?...870?...0?

I'm currently short (FAZ) and am wondering how far down you are thinking wave theory may take us.

 

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#3) On November 01, 2009 at 10:55 AM, binve (< 20) wrote:

bothisellhigher,

Hey. Here is my Long Term View, where I talk about fundamentals and technicals (including my predictions) as to where this might be heading.

But no, 0 is not an option as far as I am concerned.

The whole point of Wave Theory is that humans and human endeavors **always** make net progress. Every impulse wave up needs to be met by a correction, but the correction *never* goes past the start of the impulse of the same degree (this is a critical distinction, because the are all degrees operating at the same time and you have to be cognizant of the direction of the large ones - impulsive or corrective - that fit with your investing timeframe).

The problem is we have had a 67 year long bull market (1933-2000) and only 9 years of correction so far. So for the Cycle Degree and Grand Supercycle Degree waves during this timeframe, we have much further to go down to correct the last big move up..

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#4) On November 02, 2009 at 1:05 PM, bothisellhigher (29.14) wrote:

Thank you for taking the time...I appreciate what you have to say, I am fascinated by your scope, and in light of recent events, most impressed with your calculations... done back on September 21....As of today, I have shorted the financials once again, buying the most volatile...FAZ. 

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