Sunday, August 18, 2019

MTU Weekend Ed. - Lines (8/16/19 close)

Watch the green line below and the red line above.

completion count

P.S. Thanks for Mkt Man for informative comments.

2 comments:

  1. Wave Count -

    I had a chance to see Prechters wave count for the DJIA today and don't believe the assessment there that the 2010 top and bottom is wave 1 - 2 for the run from 2009, nor Jan 2018 is wave 3. Evidence on various stks indicates 2018 is wave 5.

    Current patterns forming at this time are still net bearish for some months.

    Mkt Man

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  2. Having regard to my comment above, another interesting fact is that 2018 is approx. 89 fibonacci years from the 1929 top.

    The 1929 top gives various main fib turn dates: 1 = 1930 peak, 3 = 1932 low, 8 = 1937 peak, 13 = 1942 low, 21 = 1950 (close to the mid 1949 low), 34 = 1963 (close to the 1962 low). It has more than any others.

    The 1932 low has the next largest number: 5 = 1937, 34 = 1966, 55 = 1987 and 89 = 2021 ?

    The 1966 top gives several: 8 = 1974, 21 = 1987, 34 = 2000 and again 55 = 2021 ?

    The number streams from the important past turn years also do not calculate turns for 2019 or 2020. The next one is 2021.

    2018: intermediate peak or final peak ?

    So as Arte Johnson, the German Soldier in the bushes on the old 1960s Rowan & Martin's LAUGH IN tv show would say: "Its very interesting".

    Mkt Man

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