Thursday, October 21, 2010

10/21 3:28

So far, Nasdaq Comp has no overlap and SPX has trivial overlap.

3 comments:

  1. Hello,

    COMP seems to have overlapped. What is your wave 1 price? The whole thing is looking like an ABC down from the top, unless it is a 1-2-1-2. Thanks.

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  2. yeah, spx, ndx, comp, and djx have all overlapped end of wave 1 and end of wave 4. So I don't believe we can count the move down today as a 5.

    Seems like tomorrow's POMO is being front run. Why wait till tomorrow to buy when you know the market's going up? But at today's low!

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  3. In the old days chart patterns and wave behaviors worked very well. I don't require such precision in this new world.
    I agree that the odds favor we got a 3, not a 5.

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