Shack here's the AMD daily:
stockcharts.com[h,a]daclyiay[pc9!c13!c20!d20,2!c50!c200!b50!b200!f][vc60][iLa12,26,9!Lh5,5!Li10,10!Lp14,3,3!Ll14!Lo14!Lb14!Le5,10,1!Lh89,34!Lh45,17!Li180,68!Lp3,2,2!Lb5]&pref=G
I see the A wave with high volume, a B wave with low volume, and a "C" wave with volume lower than the A wave. The timing is about equal as well, and there's a high volume long white stick to reverse back up. That's a clear a-b-c correction.
Now let's look at the COMP:
stockcharts.com[h,a]daclyiay[pc9!c13!c20!d20,2!c50!c200!b50!b200!f][vc60][iLa12,26,9!Lh5,5!Li10,10!Lp14,3,3!Ll14!Lo14!Lb14!Le5,10,1!Lh89,34!Lh45,17!Li180,68!Lp3,2,2!Lb5]&pref=G
What you're labeling as the "A" looks more like a wave 4, with the move to 2106 the wave 5. On the NDX it looks different, however. Either way, I guess I don't see how the NDX looks as clear as AMD. AMD is pretty clear. |
