AA- Is there any way that we have now turned, and have entered a fairly large 5 wave down structure over the next couple weeks (maybe wave 1 just completed?)
I am looking for some big down for next week (could start this Friday)......something that would match a 3........I cite post-options ex, breakdown in many individual/composite charts (we are now putting in higher low, etc...all the H&S out there, etc), Heinz has a turn date that will +/- 1 day from next Monday (18th). Even stochastics are going the bear way: Weekly chart has turned, and daily is turning as we speak (both from overbought levels, with room to run)...
The only reasons why I expect some up here over next 2-3 days is to correct the Fri/Monday (impulsive?) down move, and because early week options ex tends to drift up (with a sell-off post)...Would be perfect flat 2 territory....
I know my logic is ass-backwards (I'm forcing a wave count onto other technical indicators)..but any way the alternate has us in our "c" down now? (Wave 1 likely complete? 2 likely beginning?)
Note: I see you haven't counted 5 waves down yet, and that's OK still for my scenario...in fact, likely better...for the "2" I'm looking for needs to drag out until Friday, so the later it starts today or tomorrow, the better as far as I'm concerned..
Also, it would make sense to me that the "3" would coincide with a break of 2085-2100.....so going down a bit further right here (but staying above 2100) would still be fine.......the 3 should bring some big down (if we break 2100)....which makes sense to me.. |
