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

Tuesday 16 July 2013

double top ? no surely not, too obvious :-)

1 comment:

  1. considering the action in Russell and Nasdaq (leaders, whilst SPX is a follower) no, there's not a double top that could trigger.

    Technically it 'looks' like a double top, but will not trigger.

    Under EW interpretation wave 3 of int V of Major 3 might end in the 1680-1699 area. After that a pullback of about 30 points (wave 4 of int V of Major 3) but , dear CR, after that we have due wave 5 of int V of Major 3 = it is not a double top!

    Double tops (to be fully trusty) are a result of int. waves or major waves. not a result of subdivisions.

    of course, you can use 'double-top's interpretation at wahtever level you want...even at 'minuette's level or micro's. But the % rate of 'double-top's triggering is rising along with the importance of the wave.

    take care dear.
    and relax.
    If you want, I'll send you one of my great jasmine teas :) ... they work when my friend Ben has his usual panic attacks :).

    Aunt Annie (and her Pussy tom-cat) = a great pair of real-time option traders.

    Meow-Meow! (this is my Pussy that wanted to salute you and thank you for your wonderfull fully updated site!)