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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: patron_anejo_por_favor who wrote (9383)5/9/2008 9:26:52 PM
From: John Pitera  Read Replies (1) | Respond to of 33421
 
This is my post over on the CFZ--E wave zone and I want to thank Galirayo over here for the really cool E Wave count he pulled from Stockcharts... some very smart folks over there in stockchart land..... that's a cool site.

potential Ewave count on Crude courtesy of Gali...

stockcharts.com[s67199593]&disp=P

I will study crude more this weekend, do some actual real Fibonacci time and price ratio relationship work, It just appears we are further along in the currenc wave than this particular chart.

Message 24576688

Message 24573444

Hi Galirayo, Thanks for pointing out the reweighting of the $WTIC. Light sweet crude is much easier to refine, lower costs higher yields etc. I need to get some more info on the reweighting... what have you got on that.

Great charts... The darned $USD index already looks like it's finished it's little A-B-C type upward correction and is getting ready to head back down. I'm going to rework numbers on some of the currency and currency crosses (cross rates.. pairs). The Gold chart kind of looks like a descending wedge and a week ago I thought the action off the high last month looked corrective in nature, keeping the bull market intact.

The $USD and Crude go back and forth between various states of market correllation and then periods of just about no correlation.... And periods of medium correlation. I have seen bit more seasonality correlation at times, but that is governed by the large Global Macro Economic Flow of Funds.

John