Dow Top Call - 11yr formation - part 3 (COSTCO)

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Both DX and EurUsd are now out of the Target Box.

Mission accomplished!!!!!

-------------------------

Now, can they go back into the Target Box?

Remember the 2 configurations of wavecounts I provided in 2 charts?

Well, one of those configs still suggests that this downwave might be only a wave 4 within wave C - this would mean that we will challenge
the 50% Fib once more and maybe even exceed it.

How can I eliminate this possibility?

Well, if the current drop retraces more than 38.2% or 50% then that thought is forever gone because a 3rd wave rarely retraces that much.

But anything less, which is where we are at now, leaves that option still in.

So its a wait and see.

For guys playing with the milk money a good STOP technique is the bar by bar approach in a runaway market.

Place STOP above the previous 1H bar, about 1% or so above the high of that bar. You're already in big profits so don't be miserly about giving back some. Lucrum, who is on the other side of the trade has the right to be able to pay his rent, too. :)
 
Quote from deadbroke:

I thought you left ET after the love affair with Nine_Ender. :)

She got you the same way they get every man, "Hold my purse"


WHY DIDN'T YOU WARN ME ABOUT HER ?
:mad: :mad: :mad:
 
Quote from GrandSupercycle:

WHY DIDN'T YOU WARN ME ABOUT HER ?
:mad: :mad: :mad:


I did warn you, Grand - but you were sidetracked by a hungry golden-maned lion named "bone" :D :D :D
 
Quote from GrandSupercycle:

My weekly + monthly indicators continue to warn of a USD rally + substantial equity downside.

Be careful folks.

stockmarket618.wordpress.com


Nice work on your blog, read it briefly, will look more when time permits.
:)

If you start hunting here, it will upset bone and some of the other golden-maned lions. Have you found a territory yet? As far as I know there is no lion in the Technical Analysis forum - in Economics however I saw a leopard with a broken leg spraying the trees.

If you decide to hunt here can you please bring a frying pan and olive oil?
 
A ghost from the past - I was wrong to suggest getting out then, it was early.

So repeating, I WAS WRONG on CROX.

In review its possible that the early action after March 2009 low confused me - but excuses are just that, excuses - if wave analysis works its gotta work across the board, small stocks small volume, who gives a fck, the technique has gotta work.

So I'm going to give it another shot.

I think the TOP is in, but need a confirmation of the trendline break.



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Quote from deadbroke:
If you start hunting here, it will upset bone and some of the other golden-maned lions. Have you found a territory yet? As far as I know there is no lion in the Technical Analysis forum - in Economics however I saw a leopard with a broken leg spraying the trees.
ROFLMFAO !
Your talents are wasted here, you should have your own blog.
 
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