Bottom in place at 1820 for 2/3 weeks only. Then it can be challenged/breached. Next few weeks mapping 28Oct Top: 1980/2000 31Oct Close: 1966 (small weekly shooting star) Nov W1 Range: 1970/1890 Nov W2 Top: 1970 Nov W3...
Bottom in place at 1820 for 2/3 weeks only. Then it can be challenged/breached. Next few weeks mapping 28Oct Top: 1980/2000 31Oct Close: 1966 (small weekly shooting star) Nov W1 Range: 1970/1890 Nov W2 Top: 1970 Nov...
We are Likely close to TOP and the config is very similar to a crash that occured in the past. Since June14, the configuration is very similar to what happened in Feb/July 2011... watch the end result
Note: - Tops a, A and C are aligned in Logarithmic scale - The current top matches the left top of 2000 - Leg C = 161.8% x Leg A (in percentage, 2 times in price) THIS IS MAJOR TOP Ideally: short 4100 Tuesday the 28th of November 2014
- Cross of two important Log Trendlines - Tuesdays, at 108, Apple will have climbed 14% in 9days. - 9d ays is a good time sequence metric for these rallies above 10%
- The trading dynamics since June 2014 display a market under constraint that can't move higher overall. - It is only showing strength within explored price range. - This last leg up reminds me of the Squeeze that we had end of June 2011, the crash occured 3 weeks later.
- SP500 has had a top every 7 years. - Technically we are at similar postures than in 2000 or 2007. - There is the possiblity of a E (we had ABCD so far over 14years). - In October, SP500 will find it difficult to pass 1980: * Supporting channels that require rentry * Monthly amplitude was already 160pts when average over 10periods is...
This is simple: - Logarithmic Trendline capping since 2009 - It went up 80% over a year >> Locally the progress is protected and it could find its way down like many other things from here.
- Again - Self explanatory. - Logarithmic graph - Much clearer than SP500 to explain what could be happening. - The Long term consolidation that started in 2000 may not be over and could fit a last leg down similar to 2000 and 2007. - Over 100years, we are in big elliott wave IV that has been in ABC so far but could actually be in ABCDE (E Could be missing before...
Simple is often the best. - Low relative price - Cross of 2 important LT trendlines - Mini excess below key supporting trendline + Rejection - Only 4th week up... There is tremendous potential up Check your fundamentals and buy
After a perfect buy around 10, it seems the topping process around 20/22 is over things could get in order on the way down. Only issue: already 3 usd from top so money management is key... Small is beautiful