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As Ive said before the tech stk FANNG component of these are holding the values aloft but one NASDAQ starts to slide from its final wave 5 peak (may be past already) then the DJIA SPX will respond.
28 Nov & 28 Feb are points to watch.
Charts 1 & 2 above - review the 1974-76 rally.
What do you make of the patterns on DAX & UKX MTU ?
Thank you Mkt Man. Please see charts on UKX and DAX above.
UKX likely completed 5-up from 2009 in 2020 and is now correcting the entire rise, could see a wave C down based on time.
DAX is more ambiguous. People tend to see what they want to see - so applicable trend lines are provided. bull - potential w5 since 2009 running. bull - successful retest of major support (green line) bear - complex correction already running. could morph into a complex HS for meaningful downside potential, or just a lengthy consolidation
Interesting symmetric triangles on Amazon & Microsoft - price action is coming to some type of juncture.
Made quite a discovery today - what mathematically causes the price intensity variations and also seq inversions to happen - and how to calculate them. Quite complex. Von Neumann would be impressed.
Only at entry level to it today - method is proven but needs more reviewing.
There are several things that can cause inversions - this is the second one I have found. The other one relates to the interface of the 1st dimension to the 2nd.
DJIA SPX
ReplyDeleteAs Ive said before the tech stk FANNG component of these are holding the values aloft but one NASDAQ starts to slide from its final wave 5 peak (may be past already) then the DJIA SPX will respond.
28 Nov & 28 Feb are points to watch.
Charts 1 & 2 above - review the 1974-76 rally.
What do you make of the patterns on DAX & UKX MTU ?
Thank you Mkt Man. Please see charts on UKX and DAX above.
DeleteUKX likely completed 5-up from 2009 in 2020 and is now correcting the entire rise, could see a wave C down based on time.
DAX is more ambiguous. People tend to see what they want to see - so applicable trend lines are provided.
bull - potential w5 since 2009 running.
bull - successful retest of major support (green line)
bear - complex correction already running. could morph into a complex HS for meaningful downside potential, or just a lengthy consolidation
On DAX & UKX I was aware of the LT count you mention but was more referring to the sideways cluster the past month.
DeleteOn LT DAX I would say the odds are there are 5 waves to 2018-19 from 2009. Should be same as UKX.
Interesting symmetric triangles on Amazon & Microsoft - price action is coming to some type of juncture.
ReplyDeleteMade quite a discovery today - what mathematically causes the price intensity variations and also seq inversions to happen - and how to calculate them. Quite complex. Von Neumann would be impressed.
not only Von Neumann. Share if/when you are able
DeleteOnly at entry level to it today - method is proven but needs more reviewing.
DeleteThere are several things that can cause inversions - this is the second one I have found. The other one relates to the interface of the 1st dimension to the 2nd.