This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
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!)
considering the action in Russell and Nasdaq (leaders, whilst SPX is a follower) no, there's not a double top that could trigger.
ReplyDeleteTechnically 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!)