Recent content by blinx

I can't go with the intraday labeling because it is as bullish as you imagine... maybe even more $5,000+. But that is probably at least 2 years away. for the count from the peak, the beauty of the waves down to the 22nd low, I count as abc then d up, and now the e is finishing. for me, the...

imo, volume is perfectly low, and that's normal and desirable on the rally out of dramatic decline. for example, from the 1932 low, Dow volume didn't return to consistent weekly and monthly "normal", pre-crash levels, until the 1950's. IMO, low volume is ideal now. It makes price moves more...

Re: 10/21/2010 same intraday pattern in spx is developing, that crashed the gold. in fact, it is very close to starting a simlar waterfall in spx. i had not seen that topping similarity before looking at this chart that was a proper change of count too. blinx

have to hand it to you. you have been spot on for months. haven't disagreed more than once or twice. and this has been a tough market to figure. i like your 'keep it simple' view because i do the same. (but i have a simple mind ;)) now comes the really hard part of "wave art", the end...