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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
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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

Saturday, 5 October 2013

wave count from Daneric


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4 comments:

  1. Anonymous5 October 2013 at 21:31

    I like the emphasis he gives to the Zweig Breadth Thrusts which point to what consider to a double thrust, measured move, rally off the 2009 lows. Along with the major correction that sits right in the middle, those two major thrusts, coming close to their respective lows, almost look like the "green lights" for each rally!

    This chart I posted last week is one of my "similar but different" looks at that same measured move structure.
    http://1.bp.blogspot.com/-FE1p9Q3AotE/UkcHgp1UgoI/AAAAAAAABFY/hKgnowWL61c/s1600/spxWeekly270913.png

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  2. Chartrambler6 October 2013 at 09:12

    "mirrored parabolic curve" very neat ,HR,

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    Replies
    1. Anonymous6 October 2013 at 17:20

      Yeah. :-))

      I didn't know what else to call it. Inverted "S" curve?

      But if you take close note, the upper parabolic curve (on the second measured move) is an exact mirror of the first (on the first move off the 2009 lows), and, most importantly, the two curves join together in the middle at the exact 50% price and time points.

      Here's the same chart, updated, and now color coded with Fib. and cycle draws.
      http://a.disquscdn.com/uploads/mediaembed/images/645/9636/original.jpg

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    2. Anonymous6 October 2013 at 21:47

      That's a great chart, HR!

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