ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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catou1

The Ox

To: catou1 who wrote (30633)	7/15/2021 3:34:01 PM
From: sunabeach	2 Recommendations Read Replies (1) of 97239

Here it $TNX EW daily chart. Note at the top/left wave 2 of wave A is a little above beginning of wave 1. It happens sometimes. I don't sweat the small details if everything seems to fall into place. Also wave 2 never closed up outside the wave 1 range. People forget Mr Elliott did his analysis (I don't think he called it a "Theory" back then) on the Dow. Of course many have discovered it can be applied to all kinds of data, even beyond the markets. Another thing his so-called rules were guidelines not hard and fast rules. Anyway back to the subject at hand. Potential target zones for wave 5 of wave C bottom: 1.255-1.252 1.227-1.223 1.174-1.170 1.236 was 38.2% retracement of the bull move ending up top March of this year 38.2% time retracement (which would be typical 38.2%-50.0%-61.8% for a correction) is Aug 9th but I expect, if wave pattern holds true, time for reversal mid/end next week latest sometime the following week. Tweaking as we get closer on shorter timeframe basis. HTH

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