Symmetry target on the 15 would be about 3902 (speaking of
symmetries). I'm trying to decide how many shorts to hold over the
weekend with such a strong bearish case at this point.
an update: it looks like 5 waves down from Monday's high could
be in place setting the stage for a large bounce. Exceeding today's
high will invalidate a further drop immediately.
Thanks Steve! Appreciate the input from you and Junkie on this
wild ride downward. Took the money and ran. I am reminded that I
can always get back short on Monday (downward gaps be damned).
Symmetry target on the 15
Posted by zaphod on 10th of Mar 2023 at 03:12 pm
Symmetry target on the 15 would be about 3902 (speaking of symmetries). I'm trying to decide how many shorts to hold over the weekend with such a strong bearish case at this point.
3815 should be a target
Posted by junkie on 10th of Mar 2023 at 03:45 pm
3815 should be a target for wave 3 down.
NIce... hopefully we'll see that
Posted by fredsaid on 10th of Mar 2023 at 03:59 pm
NIce... hopefully we'll see that Monday morning :)
Thanks!
Posted by zaphod on 10th of Mar 2023 at 03:58 pm
Thanks!
an update: it looks like
Posted by junkie on 10th of Mar 2023 at 04:01 pm
an update: it looks like 5 waves down from Monday's high could be in place setting the stage for a large bounce. Exceeding today's high will invalidate a further drop immediately.
Yes that view relates to
Posted by steve on 10th of Mar 2023 at 04:04 pm
Yes that view relates to my Wave 4 unfolding earlier on that 3834 bounce and then down again - risk remains with uncertainty surrounding around banks.
Thanks Steve! Appreciate the input
Posted by zaphod on 10th of Mar 2023 at 04:43 pm
Thanks Steve! Appreciate the input from you and Junkie on this wild ride downward. Took the money and ran. I am reminded that I can always get back short on Monday (downward gaps be damned).
3934 ?
Posted by retirefire on 10th of Mar 2023 at 04:25 pm
3934 ?
retirefire, I think Steve was
Posted by zaphod on 10th of Mar 2023 at 04:57 pm
retirefire, I think Steve was conveying this wave count view. I might be wrong, in which case I'll hopefully be corrected. :-)
wave 1 should start at
Posted by junkie on 10th of Mar 2023 at 05:16 pm
wave 1 should start at 4078. The double bottom today is a concern for that count. Based on 1.68 length of wave 1, wave 3 should be ending at 3832.
Thank you! My thoughts also.
Posted by retirefire on 10th of Mar 2023 at 05:00 pm
Thank you! My thoughts also. Have a nice w/e