but I am also considering some cyclical studies a friend has
showing a possible top into the 4th or 12th or maybe both!! Just
trying to keep all the optional counts in front until the market
shows the direction it wants.
I count the decline off 1344 as a 5wave impulsive move as my
prefered ...so far!!
In terms of cycles etc, Bradley Model projected a turn date of
17th (which is accurate +/- 2 days). So far, this has held up with
the top in at 1344 on 18th.
The 17th Feb turn is a "major" turn highlighted by the model and
will persist through to around the end of Q2
However, todays strength is slightly worrying and hopefully
Bradley hasn't been impacted by POMO aswell!!!!!
could be yes. I hope my stops don't get hit. It should be a top
given that prices are lower now than on 17th and we have a break of
the rising wedge and force/MACD etc are showing bearish signals
BUT, today is not exactly giving me warmth for the bearish
stance. If the dollar gets a bid, then it may be the turning point.
But I feel tomorrow is make or break either way given its NFP
good point
be careful with those triangles
Posted by perthx on 3rd of Mar 2011 at 12:35 pm
but I am also considering some cyclical studies a friend has showing a possible top into the 4th or 12th or maybe both!! Just trying to keep all the optional counts in front until the market shows the direction it wants.
I count the decline off 1344 as a 5wave impulsive move as my prefered ...so far!!
In terms of cycles etc,
Posted by vimal on 3rd of Mar 2011 at 12:38 pm
In terms of cycles etc, Bradley Model projected a turn date of 17th (which is accurate +/- 2 days). So far, this has held up with the top in at 1344 on 18th.
The 17th Feb turn is a "major" turn highlighted by the model and will persist through to around the end of Q2
However, todays strength is slightly worrying and hopefully Bradley hasn't been impacted by POMO aswell!!!!!
bradley turn on the 17th
Posted by perthx on 3rd of Mar 2011 at 12:40 pm
could be a low too ...just never know...waiting on triggers to trade in any case
could be yes. I hope
Posted by vimal on 3rd of Mar 2011 at 01:02 pm
could be yes. I hope my stops don't get hit. It should be a top given that prices are lower now than on 17th and we have a break of the rising wedge and force/MACD etc are showing bearish signals
BUT, today is not exactly giving me warmth for the bearish stance. If the dollar gets a bid, then it may be the turning point. But I feel tomorrow is make or break either way given its NFP
not sure on the NFP.
Posted by john9o9 on 3rd of Mar 2011 at 01:06 pm
not sure on the NFP. In the past the runup prior to NFP has led to selloffs???
"11 days"
Posted by zach06 on 3rd of Mar 2011 at 12:37 pm
March 4, 2011 is an "eleven" day.... Might get a catistophic wave down..... as Prechter or Mchugh might say.
man if that's your technical
Posted by john9o9 on 3rd of Mar 2011 at 12:38 pm
man if that's your technical indicator..........