Sphink, actually I was wondering more as to whether you or other e-wavers could see any SHORT term e-waves strictly around the area where the 1% ema of a-d hit the zero line and then rolled over,
as described in my post to bobby:
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bobby, we know that the weekly summation died at or under zero in 1957 and currently, on a recovery high in the markets, using either NYA or the Dow.
(a similar example is Dec-Jan '73)
From there, looking at the daily 1% ema of a-d:
decisionpoint.com
decisionpoint.com
decisionpoint.com
we can see that the 1% a-d ema died at zero, the markets sold off, and then there was one more rally, to new highs, presumably a very narrow one judging from the a-d line, which did not make a recovery high in the a-d.
The June-July 1957 new high in the Dow was 1.35% higher than the previous high; the Dec-Jan '73 new high in the Dow was 1.49% higher than the previous high.
Therefore, this new high might be limited to somewhere around 9774 or 9786 versus the previous high of 9643.32, on a closing basis, before a substantial stairstep down type of decline occurs.
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Waiting for the beginning of THE rumble
the rumbler |
