The dollar has completed what I count as 5 up, so looking to buy.
Wednesday, March 9, 2011
3/9 pre-open
Back home and rested. The stock market continues inside a triangle. The 30-minute M/A has lost it's predictive power due to the length of time consolidating.
EWI is predicting a downside wave 3 collapse while I1 is rising to a very high level peak 3/25.
There has never been a +8 peak in I1 without a corresponding peak in the stock market occurring concurrently or slightly later as the I1 level subsides.
The dollar has completed what I count as 5 up, so looking to buy.
The dollar has completed what I count as 5 up, so looking to buy.
Subscribe to:
Post Comments (Atom)
I'm sorry, but I laughed out loud when I read what EWI is predicting. They have been calling for a monster move down for years! (Or is it decades?) Some things never change, eh?
ReplyDeleteI know they have some smart guys there, but they all seem to be married to a high level count that appears to me to be wrong.
The market will go down, very likely in late March, early April as your I1 would suggest, but will it be the big bad P3 that EWI has been calling for for well over a year now?
How big do you think this downmove will be? 10 to 15 percent correction or something much larger?
'course, once the market starts moving down in earnest, EWI will say "We told you so, we called the top!"
pima, I sold 90% of my physical precious metals at $22 an ounce on the EWI table-pounding.
ReplyDelete