Posted by kevindeng0727 on 24th of Jun 2021 at 03:19 pm
Was in the conference call of an analyst I subscribe to, who
mentioned that his friend Walter Murphy (famous for Elliot Wave
analysis) thinks that we are in the wave 5 for this summer rally
(and wave 3 started in December/January). This is consistent with
the NDR cycle work. Also, breath is not encouraging so far, $NYMO
negative yesterday and less than 50% of S&P500 above 50 day
moving average.
Looking for a possible 10% correction after late July/August if
breath stays as weak.
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Was in the conference call
Posted by kevindeng0727 on 24th of Jun 2021 at 03:19 pm
Was in the conference call of an analyst I subscribe to, who mentioned that his friend Walter Murphy (famous for Elliot Wave analysis) thinks that we are in the wave 5 for this summer rally (and wave 3 started in December/January). This is consistent with the NDR cycle work. Also, breath is not encouraging so far, $NYMO negative yesterday and less than 50% of S&P500 above 50 day moving average.
Looking for a possible 10% correction after late July/August if breath stays as weak.