I am currently looking at Delta not that keen on their theory but some useful stuff in it. Im just about to finish a bit on reversal zones ive been working on . Will let you know but looks to me there is "potential" for a reveral to take place between 20th and 25.
My thoughts Mully,
As you said not convincing....
Struggling to rally with no conviction -- presently
Rotating around the 50% level of the previous range up--24/03 low - 23/04 high
This market went 3 (trading) days down from 05/05 high to 10/05 low and is struggling on 2nd day up since low.
I Don't count inside days. The market has to break a previous swing high (as in this case) or low before I start the count. More on that later if anyone wants more info
Having said all that daily highs are being tested...
kjh
As you said not convincing....
Struggling to rally with no conviction -- presently
Rotating around the 50% level of the previous range up--24/03 low - 23/04 high
This market went 3 (trading) days down from 05/05 high to 10/05 low and is struggling on 2nd day up since low.
I Don't count inside days. The market has to break a previous swing high (as in this case) or low before I start the count. More on that later if anyone wants more info
Having said all that daily highs are being tested...
kjh
I got faked out of my goose long :-( but I did go long last night at 11 for a few 
so not complaining.
Here is my reversal zone chart for the year. Have tried to keep it as simple as possible but there are few that are a few days early/late but I reckon you options guys wouldnt care. The next one should happen between Thursday 20th and Tuesday 25. Best to wait until that week to see where things are and then wait for a signal in that time frame.
so not complaining.Here is my reversal zone chart for the year. Have tried to keep it as simple as possible but there are few that are a few days early/late but I reckon you options guys wouldnt care. The next one should happen between Thursday 20th and Tuesday 25. Best to wait until that week to see where things are and then wait for a signal in that time frame.
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Fin
I am in the other camp
I will give this one as much room as I possibly can
if the rally day before yesterday was an abc it makes "A" and yesterday "B"
so we could be in "C" or better
"C" waves can be very profitable but it may be a bumpy ride as in "horse"
I am in the other camp
I will give this one as much room as I possibly can
if the rally day before yesterday was an abc it makes "A" and yesterday "B"
so we could be in "C" or better
"C" waves can be very profitable but it may be a bumpy ride as in "horse"
My 1p worth of information is that we are still in a wave C of a 4 correction. The target 4474 - 4484 looks good. Chart attached. Look at the oscillators - not yet reached overbought.
This is a 60 minute chart, the daily is still not oversold. The 15 minute is on its way to becoming oversold.
This is a 60 minute chart, the daily is still not oversold. The 15 minute is on its way to becoming oversold.
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:idea: If on the other hand ( i'm sounding like an economist)
C were to only equal 0.62 0f A =37 points (4410+37) giving a target of 4447 ish
and comprise only 3 waves......
that tends to suggest more of a ABCDE type of move (triangle)
I should not be posting this as it might encourage all you EWs out
and I am violating my KISS principle.
C were to only equal 0.62 0f A =37 points (4410+37) giving a target of 4447 ish
and comprise only 3 waves......
that tends to suggest more of a ABCDE type of move (triangle)
I should not be posting this as it might encourage all you EWs out and I am violating my KISS principle.
