One thing I want to stress again in case it wasn't clear with
all the charts. Once this move down completes we should have a
decent count trend rally up that lasts for a while, not a 3 -4 day
oversold bounce. Again where this wave c ends we have some
ideas but it's really anything goes. Could be anything from a
double bottom or 0.618% of the first leg or a full retracement or
to a major pivot. But once it's complete that should set up a
counter trend move higher. With next week being the last week
before Christmas maybe it that c wave completes this week sometime
and we have that traditional rally up up next week pre
Christmas.
remember what I posted this morning here and I talked about it
on the weekend. It's possible that pattern completed at
today's lows. If so would have a counter trend b up, that would
take some time to unfold - not be over in a few days. Too
early to say that yet but some nice doji's and hammers now on most
of the indexes and sectors. And SPX acheived the minimum objective
of that c down. we'll see... HOW WE CLOSE will be a
important.
"One thing I want to stress again in case it wasn't clear with
all the charts. Once this move down completes we should have a
decent count trend rally up that lasts for a while, not a 3 -4 day
oversold bounce. Again where this wave c ends we have some
ideas but it's really anything goes. Could be anything from a
double bottom or 0.618% of the first leg or a full retracement or
to a major pivot. But once it's complete that should set up a
counter trend move higher. With next week being the last week
before Christmas maybe it that c wave completes this week sometime
and we have that traditional rally up up next week pre
Christmas."
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Great Newsletter Matt - You
Here's my Weekend Newsletter For Sunday Dec 9th
Posted by saturn6 on 10th of Dec 2018 at 04:26 am
Great Newsletter Matt - You work like a Trojan!!
thanks a bunch! One thing I
Posted by matt on 10th of Dec 2018 at 10:09 am
thanks a bunch!
One thing I want to stress again in case it wasn't clear with all the charts. Once this move down completes we should have a decent count trend rally up that lasts for a while, not a 3 -4 day oversold bounce. Again where this wave c ends we have some ideas but it's really anything goes. Could be anything from a double bottom or 0.618% of the first leg or a full retracement or to a major pivot. But once it's complete that should set up a counter trend move higher. With next week being the last week before Christmas maybe it that c wave completes this week sometime and we have that traditional rally up up next week pre Christmas.
remember what I posted this
Posted by matt on 10th of Dec 2018 at 02:49 pm
remember what I posted this morning here and I talked about it on the weekend. It's possible that pattern completed at today's lows. If so would have a counter trend b up, that would take some time to unfold - not be over in a few days. Too early to say that yet but some nice doji's and hammers now on most of the indexes and sectors. And SPX acheived the minimum objective of that c down. we'll see... HOW WE CLOSE will be a important.
"One thing I want to stress again in case it wasn't clear with all the charts. Once this move down completes we should have a decent count trend rally up that lasts for a while, not a 3 -4 day oversold bounce. Again where this wave c ends we have some ideas but it's really anything goes. Could be anything from a double bottom or 0.618% of the first leg or a full retracement or to a major pivot. But once it's complete that should set up a counter trend move higher. With next week being the last week before Christmas maybe it that c wave completes this week sometime and we have that traditional rally up up next week pre Christmas."