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).
Thanks!
Symmetry target on the 15 would be about 3902 (speaking ...
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