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Sunday, September 16, 2018
MTU Weekend Ed - Dow Makes Recovery High (9/14/18)
INDU made a marginal recovery high while SPX did not. The INDU and SPX may very well be out of sync. The following charts reflect adjustments to the corrective and impulse tracking.
The comment I made a month ago about Amazon being at the LT wave peak and blowoff so far now appears to have been 2 weeks early.
The LT chart on Apple shows the same possible peak zone of 5 waves from its LT lows in the early 2000s, or 2009, and from 2016 low. Whether they have one final rally to go or the peaks has passed is still the question mark.
AMZN chart I was looking at was the 10yr bar - which is running up above a steep Gann angle from 09 which it wont sustain that for too long given number of wave sections already unfolded from 09.
Even on your chart there are 5 waves from the 2002 low,
The comment I made a month ago about Amazon being at the LT wave peak and blowoff so far now appears to have been 2 weeks early.
ReplyDeleteThe LT chart on Apple shows the same possible peak zone of 5 waves from its LT lows in the early 2000s, or 2009, and from 2016 low. Whether they have one final rally to go or the peaks has passed is still the question mark.
Would like to hear MTU's views and count on them.
AMZN chart I was looking at was the 10yr bar - which is running up above a steep Gann angle from 09 which it wont sustain that for too long given number of wave sections already unfolded from 09.
ReplyDeleteEven on your chart there are 5 waves from the 2002 low,
Both Financial as well as Technical analysis is required for stock analysis to give more accurate recommendations.
ReplyDeleteKLSE stock market tips