"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."
This is what Tony Caldaro
1037 on the S&P500 is a 61.8% retracement
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