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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: POKERSAM who wrote (28619)	6/27/2018 4:04:00 PM
From: techtrader73	Respond to of 41662

Looks like down lol.......

To: POKERSAM who wrote (28619)	6/27/2018 4:18:43 PM
From: rayrohn	Read Replies (1) \| Respond to of 41662

how did your long the bounce come out ?

To: POKERSAM who wrote (28619)	6/27/2018 5:04:07 PM
From: robert b furman	Read Replies (2) \| Respond to of 41662

Hi SAM, On the 10 day clx has been negative for 11 days in a row. Each day for the next 10 days an average of -8.2 points fall off 10 day clx (not counting today is) -8.2. Most reversals happen after a -10 to -11get touched. That probably happened today. We'll know later tonight. So looking forward - every future offset is a minus number. If the market reverses - it is easy to build a positive number when you also drop off a negative number. That's why cheif calls a breezy period starting today. Now here's where your EW knowledge comes in. The end of a corrective wave usually has 5 waves down - it takes longer to complete vs say 3 waves. If yesterday and this morning was a rather anemic rally it would also have the wave characteristic of 4 of C. This afternoon put us into 5 of C which can go further down to new lows or just meander sideways with a down bias - after all if it is the end of the corrective it is getting harder for the mm TO ACCUMULATE MORE INVENTORY - THE SELLING HAS BEEN DONE AND THE DIP BUYERS ARE TAKING HIS SHORTED STOCK AT A DISCOUNT THEY LIKE - HE'LL ONLY DO THAT SO LONG AND BEGIN THE MARKUP PHASE = IMPULSIVE WAVE UP. 5's of C's can truncate so anything goes from here on out. Aydis had been signaling a buy zone for 9 days straight it can go another 2 and it will be very long in the tooth. The ending of a C wave usually has that headfake - it's called a weak 4 followed by another down action that complacent bears get anxious about nice profits and double down into - while tired bulls are sweating about. I said yesterday that the decline in semi's could take us to tuesday and that would be a long and ugly bearish thing. The macd phase just got negative today. it can run another 4-5 days to max out negatively. Joanne's bottom spotter went 6 days back in the end of March - depends on how one counts it - if you count the slow beginning it went 9-10 days and reversed at -15ish. Today was the 5th day and is at -12ish. It usually tags a -15 and it it is at the end of a C wave it can take another 3 days with a whiplash 4/5 wave. That's as best I can describe the clx set up we are in - its getting old in the tooth and will reverse soon IMO.