200 SMA and 50 SMA show a Bull Market.
RSI and MACD show divergences several times :confused: .
The real SELL signal is usually the third or the fourth divergences.
Double Top Breakout on 09-Oct-2009 and 12-Oct-2009 :) .
Ascending Triple Top Breakout on 14-Oct-2009 :) .
Bullish Price Obj = 11300, 1295, 2420 :D .
The problem is P&F does not care whether this is the last Breakout :eek: .
Thanks ed,
mu.
The last 5-waves can be counted as
1.Wave IV)C2]c)5 and the Market will go DOWN 50% to 5000, 550 and 1100.
2.Wave V)I1]3)5 and the Market will go DOWN as Wave 1]4) to Wave 1]3)4 at 9430, 1020, 2040.
3.Wave V)I1]3)3.3 of an ascending wedge and next new high will be a BULL...
Yes ed :cool: .
mu.
The Market crossed the red line and fell as expected :) .
Five waves DOWN, three waves UP, there may be another five waves DOWN :confused: ,
before a bigger five waves UP to new high :D .
Note: Beware of the second red line.
$1040 passed :) .
Gold is going to $1170 :D .
Gold headed for another record
By Ben Rooney, CNNMoney.com staff reporter
October 7, 2009: 8:19 AM ET
December gold was up $2.20 to $1041.90 an ounce, after closing at a record high of $1,039.70 in the previous session. Earlier in the session...
Thanks ed,
mu.
The reverse Head and Shoulders is almost completed near previous top :) .
There may be some correction :( ,
and another five waves UP :confused: ,
may be, may be not :D .
Symbol Last Change % Change High Low Volume Time
DJIA 9,758.08 +158.33...
The first targets breached :eek: .
The UP move looked impulsive :) .
The Bulls now eye their next targets :D .
Symbol Last Change % Change High Low Volume Time
DJIA 9,599.75 +112.08 1.18 9,640.33 9,449.81 173,817,000 10/5/2009
NASDAQ...
Bulls need one more high to make the UP move impulsive :( .
Top of wave 3)2.b at 9630, 1039, 2059 neared or overshot :) .
Symbol Last Change % Change High Low Volume Time
DJIA 9,556.21 +68.54 0.72 9,565.28 9,481.09 62,804,964 11:54 AM
NASDAQ...