mikeoakster

mikeoakster

Or has it finished already?

mikeoakster

Or not.

mikeoakster

The last up move from the low is too big to be a nested wave 2 in the motive extended sequence I was proposing, reason why I'm changing the overall hourly count to a double zigzag, fitting in the ending contracting diagonal presented in the weekly count. If I'm right, the road to the USA presidential elections will be a violent crash - not so violent as the...

mikeoakster

I'm changing the medium term count (weekly) due to the fact that, in the short term count (hourly), I can't count a valid motive sequence to the downside anymore (as I'll publish next).

mikeoakster

...

mikeoakster

What can I say? I can't count the rise from June as motive (impulse or diagonal), and I can easily count it as corrective (triple zig zag)… so I'm now expecting a big decline to finish the flat correction proposed in the linked idea. One can also note the bearish RSI regular divergences in the daily, weekly and monthly charts… Or not!...

mikeoakster

...

mikeoakster

My prediction from last December has been confirmed and the market has reached a new all time high. At that time (in December), I was expecting a big flat correction in primary degree, therefore I was expecting the rise to new all time highs to represent the flat's wave B (the second leg of the correction). I still maintain that prediction, and, as shown in the...

mikeoakster

Regarding my last idea, it could be sooner than later... instead of reaching the 3100, it could just touch the 3000 level. Be as it may, are you ready?...

mikeoakster

Or not.

mikeoakster

...

mikeoakster

Maybe, maybe not...

mikeoakster

It will be exactly like that... or not!

mikeoakster

Or not...

mikeoakster

A degree labeling correction on the previous post.

mikeoakster

Or none of them.

mikeoakster

This expanding leading diagonal is the only bearish motive count still possible, as an alternate to the various bullish corrective possibilities: - Flat; - Triangle; - Triple zigzag. I don't favor the possibility of the market being already in a bullish motive mode, because it seems to me the overall correction needs more time to meet degree criteria. Needless...

mikeoakster

If so, it would be one more indication that my plan could have some accuracy... at least, that the market is now correcting, for then rise, probably to at least 90% of the decline from the all time high, enabling the flat corrective pattern I'm projecting since mid December.