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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.

Friday, May 20, 2011

red Ichimoku clouds are starting to emerging; potential bearish head and shoulders pattern (also look at the MT black curve)

market close with 12 charts analysis featuring $spx, $rut, $indu for ST, MT with important patterns, ST techniques, and point of recognition. confident Elliott wave counts on $spx, $rut and $indu, only one primary, no alternation.

PS. i posted on daneric's blog for his a series of ones and twos ew counts:
<< a series of ones and twos. sounds like a curse on the bears!
for a very long time, every time when people post this kind of extremely bearish counts, market rally hard, no exception.
how many times ewi has posted wishful series of ones and twos?! bears need to learn the lessons.
even the flash crash is not a series of ones and twos.
imho, a series of ones and twos could never exist, and should never be posted.
i am very bearish.

imho, ew is additive, not inclusive. maybe prechter's EWP and most people got it wrong, both bulls and bears?