(05-31-2010 09:59 AM)finster869 Wrote: [ -> ]Nice trade on the EURO!
Sheer luck, finster. The dollar was declared dead back then, and now it's the Euro. I'm almost tempted to buy EUR/USD longs now, but "almost" isn't enough. I would at 1.16, but I'll probably be offline when (if) it gets there. Gold above 1300 looks like a good short, too. Media attention sounds just like during the dotcom bubble back in the late 90s. Ridiculous.
By the way, your count looks good on SPX, but it seems that the DAX - which is famous for its clean waves - has other plans.
(05-31-2010 11:22 AM)ruby Wrote: [ -> ] (05-31-2010 09:59 AM)finster869 Wrote: [ -> ]Nice trade on the EURO!
Sheer luck, finster. The dollar was declared dead back then, and now it's the Euro. I'm almost tempted to buy EUR/USD longs now, but "almost" isn't enough. I would at 1.16, but I'll probably be offline when (if) it gets there. Gold above 1300 looks like a good short, too. Media attention sounds just like during the dotcom bubble back in the late 90s. Ridiculous.
By the way, your count looks good on SPX, but it seems that the DAX - which is famous for its clean waves - has other plans.
Ruby- I didn't have the data to inspect all of the internal waves, but "cheating" I just posted my guess of the DAX in that thread. It seems to be a bit ahead of the S&P. Let me know what you think.
Answered you there. It would be interesting to look at indices priced in USD. As to links, if it doesn't say anything, it's .com
Is that o.k., Tom?
(06-03-2010 06:05 AM)ruby Wrote: [ -> ]Answered you there. It would be interesting to look at indices priced in USD. As to links, if it doesn't say anything, it's .com
Is that o.k., Tom?
If there is a base name mentioned like dailyfx or forex factory it is fine
as long as folks don't start trying to fool with adding spaces and stuff
just to get around it because I do not want to be deleting links.
There is always Google and it works with "dailyfx". One shouldn't need to
add in the extension anyway. Thanks for understanding and working
with me.
Thanks Tom. Today is my last day online for a few weeks (moving and changing providers). So: I'll be back.
(06-03-2010 05:45 PM)ruby Wrote: [ -> ]Thanks Tom. Today is my last day online for a few weeks (moving and changing providers). So: I'll be back.
Good luck with the move! Hurry back!
Finster, That's all looking pretty good. The S&P has still not put in a closing low below the February low, though I believe the Dow did by a few points. When it does I will finally jettison the idea that 1219 could be itself an RTB -b wave and the current fall is a C wave of 4. I guess much depends on the ongoing Euro crisis. I have for the Euro dollar a possible RTB B wave complete which depending on the size of the C wave could result in the S&P bottoming with the Euro. Next week should be very revealing.
Dan
HI Steelly- You are correct S&P has not put in a closing low below the February low, but it did breach it, which is all we should need. At one point, I think you observed, or someone else did, that the c of the RTB 4th often offers strong resistance before finally being penetrated on the return trip. I have that February low as the c of the RTB 4th, and it has acted in that fashion so far, so I am fairly confident it was the c of the RTB 4th.
I am expecting this first wave 1 down to end around 1010 range, with then a rally back to 1115 to 1175ish, before starting the 3rd wave down.
Longer term, it is difficult to predict where this entire wave down is going to end. I have us in the 5th wave of a c wave of a large RTB 4th. It obviously has to take out the 666 low, but, because it is a c of an RTB 4th, it can travel all the way down to the beginning of wave 1, which is below 294 S&P!
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