Recent content by mu200411

SPX in 2019 looks like a IIb] Wave. SPX in 2020 crash looks like a IIc] Wave. Target for a Running Correction is 2650. Target for an Irregular Correction is 2346 - 1800.

NASDAQ had finished a Running Correction, and SPX and INDU Triangular Corrections, there were new highs but not too high. As expected. Then a bigger than 20% drop. Those Wave IIa]3) or Wave IIc] are bigger than Wave 1) or a]. Targets may be at Wave I4].

There was a rebound as expected. This may be Wave IIa]1)3.4 or IIa]1)3.3.2. Next may be another 10% drop. If NASDAQ has finished a Running Correction, and SPX and INDU Triangular Corrections, there may be new highs but not too high.

NASDAQ Wave IIc] followed Wave IIb] as expected. Wave II may be an Irregular Correction or a Running Correction. INDU Wave II can be a Triangle if there is no new low. INDU Wave IIa]1)3.4 may rebound from 23,100 - 23,000 and look like a trap.

Thank you, Saltynuts.

Divergence between NASDAQ and most other indices. NASDAQ should be in Wave B of an irregular correction.

Looks like Compqx is going to 8600-9500 as said 2 years ago.

Wave I5]5)2, theoretically, can retrace almost all of Wave I5]5)1. An ugly alternative count is irregular Wave IIa]1)2. Wave IIa]1)3 can go DOWN to 23100.

INDU went DOWN to 24876, very close to 24800 target, so it may be Wave I5]5)2. Next may be another 5 waves UP to 27500 as Wave I5]5)3. Wave I5]5)2 might take some more time though.

INDU overshot 25750 target to 25800. If INDU goes up to 26400, it may be Wave IIa]1)1.c . If INDU goes down to 24800, it may be Wave I5]5)3 .

Last Bull-Bear Test = Dow 25432. Then either 25750 or 22300.

That's the way it is. UP then DOWN as expected.

INDU fell as 5 waves, there may be another 5 waves DOWN after a small rebound.

INDU fell from resistances. May be the beginning of Wave IIa]3) or I5]4)c or Wave .4 of a new bull market.

COMPQX Wave b.c met a lot of resistances around here.