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Short term resistance trendlines of the Dow, SPX and COMPQ are all broken now, wait and see what will happen next. :D

Do Trendlines work? This week will prove whether Trendlines work or not! :D

Do Trendlines work? This week will prove whether Trendlines work or not! :D

The little guys use TA to guess what the big guys are doing according to FA and to divine what the Market will do next.

The little guys use TA to guess what the big guys are doing according to FA and to divine what the Market will do next. Edit: Sorry, I post in wrong thread.

Water flows from high ground to the sea. If not for the vaporization of the sea water to form cloud and rain, all lands, rivers and lakes would have dried up. In finance money flows from the poors to the sea of the riches. The riches keep the poors alive by given out debt until the poors can no...

B-B-P-C and BoE had done all they could. ECB should do its share else the World Markets will turn south again.

Thursday Head and Shoulders failed. "W" turned into "A-B-base". Friday Head and Shoulders and "W" pattern were confirmed. Status. Short "Long position" closed at open as said, re-entered when there was a higher high. Reversed at +100, +10, +20 and reversed again at -200, -20, -40. Short...

Bearish Scenario 2. The rebound after the shock therapy is Minute 4)c.4. Minuette 4)c.5:1 and :2 are completed. Next is Minuette 4)c.5:3 to 4)c.4= 12679.2197 1385.86 2408.22 4)c.5:1= 12121.1699 1316.75 2252.6499 4)c.5:2= 12226.3604 1336.37 2310.3999 4)c.5.3= 11668.3106 1267.26 2154.8298...

Bullish Scenario 1. 5)1.2:cv ended as a descending wedge near end of .1:a. The Market will go up another measured move to 4)c= 11645.0498 1270.05 2202.54 5)1.2:b= 12679.2197 1385.86 2408.22 5)1.2:c= 12105.1504 1321.0601 2280.27 5)1.3= 13139.3203 1436.8701 2485.95 Strategy 1. Increase...

EUR/USD down. Will ECB follows BoE example. How will these reversed Head and Shoulder and "W" patterns turn out?

Status. Hold short and long "Long position" after some intraday trades. Strategy. Close short long position if Market opens lower. Prepare to close long "Long position" if January 28 low is broken.

There is always the possibility of another new low. :eek:

The problem with Elliott wave is the possibility that there is another wave five. :mad: 8% mortgage helped. BoE cut rate. No effect, so far. Status. Short term position reversed at open and reversed again when Tueday low was broken. Strategy. Sounding for bottom. Reverse short term...

Here is the missing chart.

I think the Market is ready for a rebound now for about 700, 80, 140 points. Mup went to the Gold Market which is a dangerous one now. Status. Short position closed at fifth wave of fifth wave of wave c at the end of wave four of a lesser degree. Hold long "Long position". Strategy. Plan...

If there is a rebound, this may be the target 5)1.3:3= 13133.4599 1441.04 2487.8001.:) But by what news? :confused: No hope in sight! :mad:

Look like a 400, 40, 80 correction will end near measured moves or at end of 5)1.1:4. (-500, -60, -100) Prepare to reverse short term position when there is a higher high.

Status. Short term position reversed at open. Now hold short "Short position" and long "Long position". Strategy. Plan to reverse short term position if the Market opens up. Target at 5)1.2= 12252.8604 1334.08 2313.52 5)1.3:1= 12764.3301 1395.4301 2419.23 5)1.3:2= 12621.9902 1379.6899...

Will the Market touch all time high again?