"Nearly everyone of the Intermediate waves in the entire bear
market, and all of the Major waves have ended at/near long term OEW
pivots. Especially during the uptrends. The next long term OEW
pivot is at SPX 1041. This area would meet the minimum
requirements for the Primary wave B structure, and fits well
within the overall bear market structure. In this OEW 1041
pivot area the current Intermediate wave C would equal 38.2% of
Intermediate wave A, and the entire Major wave C would equal 61.8%
of Major wave A. Should the market dodge the bear market bullet
next week, the next long term OEW pivot is at SPX
1107."
1037 on the S&P500 is a 61.8% retracement
Posted by padraigm on 24th of Aug 2009 at 10:34 am
from the Sept 19 high of 1265 to the March lows of 667
Pat
This is what Tony Caldaro
Posted by algyros on 24th of Aug 2009 at 10:48 am
This is what Tony Caldaro says:
"Nearly everyone of the Intermediate waves in the entire bear market, and all of the Major waves have ended at/near long term OEW pivots. Especially during the uptrends. The next long term OEW pivot is at SPX 1041. This area would meet the minimum requirements for the Primary wave B structure, and fits well within the overall bear market structure. In this OEW 1041 pivot area the current Intermediate wave C would equal 38.2% of Intermediate wave A, and the entire Major wave C would equal 61.8% of Major wave A. Should the market dodge the bear market bullet next week, the next long term OEW pivot is at SPX 1107."
I have been reading Tony
Posted by cspirit on 24th of Aug 2009 at 10:55 am
I have been reading Tony for last 3-4 months. He has been 0-2 on his calls so far.
But when things don't turn
Posted by algyros on 24th of Aug 2009 at 11:00 am
But when things don't turn out the way he predicts, he admits his mistake and recalculates. Longer term, he appears to have a very good record.
that's in line with matt's
Posted by macnsc on 24th of Aug 2009 at 10:51 am
that's in line with matt's comments in the update...1100