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Strategies & Market Trends : Humble1 and Swing Trading Friends

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To: John Pitera who wrote (23046)4/19/2016 9:34:35 PM
From: robert b furman  Read Replies (1) of 41022
 
Hi H1,

2cs has as of today dropped to where an impulsive wave peak number could be called 53.35.

The first wave coming off the 97 low peaked in mid 97 with a 2cs of 64.

The top of that long impulsive wave which peaked in February 2000 at 52 and a secondary top in July/aug of 2000 @ 56. Suggests to me we have a cs low enough for it to possibly be an impulsive wave ( past corrective wave peaks customarily run in the mid 70's).

It also suggests we are very close to a top in this wave ( an early wave with many more up waves coming soon.

But in impulsive waves - the corrections are short and surprises are to the up side.

It was a good day H! !

Put call crashed to .62 and the vix was a very low 14.14 !!

Bob
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