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To: skinowski who wrote (38948)10/22/2021 8:46:04 AM
From: skinowski  Respond to of 41532
 
Some S/R levels




To: skinowski who wrote (38948)10/22/2021 11:10:00 AM
From: kckip  Read Replies (1) | Respond to of 41532
 
I'm in the same thought pattern as you. If the mess off the low is a nest (1/2, i/ii - your alt option) then we're off to the moon for a while.



To: skinowski who wrote (38948)10/22/2021 11:22:42 AM
From: J_K  Read Replies (1) | Respond to of 41532
 
Looks like the C down on the NDX is starting?



To: skinowski who wrote (38948)10/22/2021 11:25:53 AM
From: robert b furman  Read Replies (2) | Respond to of 41532
 
Hi ski,

I was thinking abc x abc where the corrective wave ended at 4278.94 or possible truncation at 4290.

The impulsive wave up from there is at a very critical point where if the 4545ish is surpassed, we're in a new implusive wave up. If we hold here the 4 of 1 is over and 5 of one needs to keep going.

Advance decline volume has picked up and is about to prove the new bull lives.

clx is still recovering from being very negative. If so it has a long way to go in this era of good earnings amongst inventories shortages every where. Pricing power is alive and well amongst the apparent globe recovery, as indicated by shortages and crude oil demand (which has yet to see a full jet fuel recovery impacting the entire crude complex). With international travel just getting unlocked and the winter fuel oil quickly approaching (we had the first frost last night and the boiler is running).

Lots of people out of the market as fear levels are strangely here at new ATH's?

Certainly not the stuff of euphoria! That comes later at much higher levels.

Bob