Great Depression 2 underway as of July 25, 2014
- Thread starter AfterLOS
- Start date
Another thing I noticed about Dow Jones monthly and is something I was waiting pay-shuntly for:
The 2011 drop when taken as one wave and Fibo-ed upward gives 2 targets, 161.8% and 261.8%. I noo it could not possibly be a top at 161.8% because of the fact stated in the previous post that wave equality is common in the Dow Jones - meaning that at 161.8% there would be no equality between waves A and C, not even close, so elimination was a no-brainer.
Therefore for months and months I noo that 261.8% had to be the real thing.
July 17, 2014 was when Dow Jones struck the 261.8% level and hesitated.
Is there any guarantee I'm right?
No.
The 2011 drop when taken as one wave and Fibo-ed upward gives 2 targets, 161.8% and 261.8%. I noo it could not possibly be a top at 161.8% because of the fact stated in the previous post that wave equality is common in the Dow Jones - meaning that at 161.8% there would be no equality between waves A and C, not even close, so elimination was a no-brainer.
Therefore for months and months I noo that 261.8% had to be the real thing.
July 17, 2014 was when Dow Jones struck the 261.8% level and hesitated.
Is there any guarantee I'm right?
No.
Wrong - obviously only temporary - going to 61.8% @ 16834
No change in my positions, no change in stance.
EurUsd: Just took profit @ 1.3361 in real-time on the remaining positions. I'm out for now, wait for 4H rally and then re-enter.
Dow in real time just reaching 61.8% along with S&P arrival at 78.6%.
If S&P goes higher than 78.6% it increase the odds I'm WRONG immediately at 88.3%.
I'll wait it out because I have seen reversals for wave 2 at 88.3%.
But the WRONG admission will come right here in this thread right away as soon as the above occur.
If S&P goes higher than 78.6% it increase the odds I'm WRONG immediately at 88.3%.
I'll wait it out because I have seen reversals for wave 2 at 88.3%.
But the WRONG admission will come right here in this thread right away as soon as the above occur.
Dow in real time just reaching 61.8% along with S&P arrival at 78.6%.
If S&P goes higher than 78.6% it increase the odds I'm WRONG immediately at 88.3%.
I'll wait it out because I have seen reversals for wave 2 at 88.3%.
But the WRONG admission will come right here in this thread right away as soon as the above occur.
61.8% has been a magic number for me many times. Will it this time? Dow Jones just touched it this second.
Dow Jones Top = July 17, 2014
Target = 2,500
Fasten seatbelts
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I'm SHORT American Express & EurUsd (Shorted @ 1.3869 & 1.3757)
LONG Gold @ $1,320
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http://www.thaivisa.com/forum/topic...o-exist-unless-we-bail-them-others-out-again/
Short entry average for Amex $95.26, Target = $40 approx.. ..... partial profits taken on Aug 1 and Aug 8 at the trendline support shown in chart - bounce likely, once TL taken out again, will add to Short bigtime
Took profit on entire remaining SHORT positions on American Express closed in real time @ $87.13
I wanted to hold for months but the Dow top call is now at 61.8% and the odds of me being right are reducing exponentially.