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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?


To: candlestickit who wrote (30351)12/24/2018 11:58:46 AM
From: Fintas  Respond to of 41017
 
Well it's obvious you know your numbers.

I'm not sure if that 2009 would be taken out. Had we stopped at 1458 that was not possible. Very unlikely at 1944 but it could be seen.. I.E 1458/972/486.

A 2430 would have been 1944/1458/972 and an attempt to stretch to the lows.

So from way way up at 2916. That is one heck of a drop and I would expect those who pull levers to do all they can to stop it and why I can see that 1458 from 2916.. But. I'm cautious as I know where we were in 2013 at the 1566.

So we shall see but so far you are spot on. KUDOS.

On an aside as I look at JPM /BAC and others I am familiar. I can see numbers lower that would make a short very happy.

Fintas



To: candlestickit who wrote (30351)12/24/2018 12:13:53 PM
From: dospesos  Respond to of 41017
 
candlestickit: that big & broadening top a.k.a. Wilder's and G9's Reverse Point 5 waves of the 70's was classic. This one is more extended in its fifth wave top which may result in re-entering under the 1999-2000 highs. Great charts.