Captain, hope you have another fantastic trading day on this. Just curious what the EW charts say as to what the low might be to invalidate the anticipated direction? BTW, it has been fascinating watching the projections and actual market swings you take the time to set out here. Liked your post on EW theory vs. EW principles as well.
I bought at 4.20 for a reason (end of EW count detected on the 1 minute $compx chart). Below 4.19 requires a re-think but in any case the DJIA is at the 50 fib bumping against top rail of parallel down sloping channel. The selling should begin any time now. If not then it will go for the 61.8 but I don't think so.
The markets will be lucky if they don't give back all the gains of the past 2 days very quickly.
Captain, hope you have another fantastic trading day on this. Just curious what the EW charts say as to what the low might be to invalidate the anticipated direction?
ReplyDeleteBTW, it has been fascinating watching the projections and actual market swings you take the time to set out here. Liked your post on EW theory vs. EW principles as well.
I bought at 4.20 for a reason (end of EW count detected on the 1 minute $compx chart). Below 4.19 requires a re-think but in any case the DJIA is at the 50 fib bumping against top rail of parallel down sloping channel. The selling should begin any time now. If not then it will go for the 61.8 but I don't think so.
ReplyDeleteThe markets will be lucky if they don't give back all the gains of the past 2 days very quickly.