Ewj: elliott wave
- Thread starter mu200411
- Start date
.Mu,
I think I still see a pretty strong correlation between SPX & OIH though.....
It is this correlation that's giving me the hint of a truncated fifth in the SPX just around its previous high of 930 before wave (5) down starts.....
OIH 120min
Disclaimer:
I just had some sake.....
I think I still see a pretty strong correlation between SPX & OIH though.....
It is this correlation that's giving me the hint of a truncated fifth in the SPX just around its previous high of 930 before wave (5) down starts.....
OIH 120min
Disclaimer:
I just had some sake.....
Quote from ed:
This is the "still stuck in "D" " scenario I mentioned earlier....
Lookout for:
1. Above 923.50 count invalid
2. If ES cannot clear above 909, then 909 could be "D"
IT'S FRIDAY!!!!!!
ESM9 120min
http://www.elitetrader.com/vb/attachment.php?s=&postid=2444968
The First Vcitim of High Oil Price .
GM bankruptcy: End of an era
After years of losses, the troubled automaker is forced into bankruptcy. GM is set to close a dozen facilities and cut more than 20,000 jobs.
http://money.cnn.com/2009/06/01/news/companies/gm_bankruptcy/index.htm
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Posted by mu200411 on 08-17-07 04:38 AM:
If he did, he would have a more optimistic view. He may forecasted that Cycle Wave IV would be equal to Cycle Wave II which dropped 43% from the January 1966 high of 1001.11 to October 1974 low of 570.01 or 50% or 61.8% (a fibonacci retracement).
So the end of Cycle Wave IV may be forecasted to drop 50% from ~10600 or ~14400 to ~5300 or ~7200 in 8 years. Cycle Wave V may be equal to Cycle Wave I and rise to 33,000 or 44,800 in 1949 + 71 = 2020, the time when oil reserve is very low. Boeing Co., Exxon Mobil Corp., General Motors Corp. and United Technologies Corp. might have gone out of business.
.GM bankruptcy: End of an era
After years of losses, the troubled automaker is forced into bankruptcy. GM is set to close a dozen facilities and cut more than 20,000 jobs.
http://money.cnn.com/2009/06/01/news/companies/gm_bankruptcy/index.htm
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Posted by mu200411 on 08-17-07 04:38 AM:
If he did, he would have a more optimistic view. He may forecasted that Cycle Wave IV would be equal to Cycle Wave II which dropped 43% from the January 1966 high of 1001.11 to October 1974 low of 570.01 or 50% or 61.8% (a fibonacci retracement).
So the end of Cycle Wave IV may be forecasted to drop 50% from ~10600 or ~14400 to ~5300 or ~7200 in 8 years. Cycle Wave V may be equal to Cycle Wave I and rise to 33,000 or 44,800 in 1949 + 71 = 2020, the time when oil reserve is very low. Boeing Co., Exxon Mobil Corp., General Motors Corp. and United Technologies Corp. might have gone out of business.
Quote from ed:
I think I still see a pretty strong correlation between SPX & OIH though.....
It is this correlation that's giving me the hint of a truncated fifth in the SPX just around its previous high of 930 before wave (5) down starts.....
Still looking down?
Me thinks you had way too much sake!