It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford

Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin

The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Wednesday, 27 March 2013

SPY/DIA 5 of 5 from Nov low ?

I know this breaks EW rules but no one else seems to know how to count it :-)  At any rate this last leg has 5 waves and we appear to be in 5 of 5 so reversal should be imminent


  1. yeeees, sweet cherry pie, Aunt Annie discovered that , considering the dynamics of put/call ratio and breadth indicator, also considering the ratio between w1 vs w 3 and determining the ratio w2 vs w4, w5 should end on spy somewhere between 157.2-158.2 (primary resistance pivot) and 160.8-161.2 (secondary pivot).

    now I'll rush make a hot tea cause I'm 85 years old and this cold outside and this snow really bothers me.

    Take care sweet cerry pie, thank you for updates offered by you ! :)

    Aunt Annie (sparkie nimble 85 years old option trader) :D

  2. this comment from Golden Nugget at Danerics - GN does know how to count :-)

    Golden Nugget Chartrambler • 9 minutes ago

    your X is right and that is all that matters. When your "Y" ( or "c" ) is complete, the bricks come tumbling down. There is a chance thast it is completing today if the last 5th wave up is a die tri. Today is FM and a cluster of Fib. trading days. We should see a reversal in trend 27th + or - 1 day....or night as the case may be.

  3. Oh dear! That hot , hot tea was great! :) It really kicked out the cold out of my old shakin' bones.
    I hope Mr. Golden Nugget knows what he's speaking :).
    Although I don't think he has eat my cherry pie to know what he's speaking :).
    So, Mr. Nugget, you are invited to eat my cherry pie! :)
    On SPX 500 my nimble old lady targets remain the fibo retracements from 1494.32 (0%) : 176.40% = 1570.20 .... or ... 200% = 1580.37.

    And if my old friend Bernanke flexes his monetary muscles we might even reach the next pivot in the area 1610-1614!

    I'll call young Bennie at me for some hot tea and some fruity pie and I'll ask him what's his opinion .... I'll share it with you, be sure! :)

    Aunt Annie (shakin' bones 85 years old nimble option trader).
    (why nimble? oh, yesterday I was long crude ...it worked ok...)

  4. hot tea and options....livin on the edge :-)