Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.
Monday, August 30, 2010
Aug 30 - Touching the Expanding End is the Start of the Reversal. Relativity, what a great theory by Einstein!
corrective waves ended at the touch of the end of the expanding triangle with 9 waves extention.
take more time, more waves, only achieve 2/3 price retracement, it's corrective waves compared to Aug 27's rally.
Expanding vs. Reverse Expanding
9 waves vs. 5 waves
100% time vs. 85% time
62% price vs. full price
down vs. up
PS. there is an extreme important pattern on both time and price for the coming developement for months. take time to challenge it if you like. or
PPS. even dip to 1040,88 early morning, i am still bullish into Sept 15, and review there - Bullish on spx, indu, compq, rut ... Nikkei, ftse...