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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: #Breeze who wrote (19688)7/31/2024 1:48:07 PM
From: Kirk ©  Read Replies (1) | Respond to of 26489
 
No kidding!
Been wave counting for over a decade and a half and I continue to be amazed how price patterns adhere to EW rules. I
Check out my MSFT hourly chart. Nearly a perfect 50% retrace using yesterday's AH.... It might be perfect if the chart showed a higher AH top.

The big thing is few, if any I've seen do it as well as you. Thanks for sharing with us.




To: #Breeze who wrote (19688)7/31/2024 2:54:36 PM
From: Augustus Gloop  Respond to of 26489
 
I look at different charts - you wave guys scare me lol.

My line was 100 followed by 95 and the 80 (200 DMA).

My guess is that META will report tonight and show similar expenditures on AI that MSFT did. Same for AMZN tomorrow.

125 / 135 / 140 look like lines of resistance to me.....what does your magic wave ball suggest? <g>