Perfect Wave - 2011-Q3

[snowrider]

07/27/2011

Comments are welcome!

 

[snowrider]

07/30/2011

We have completed a monthly bar for July this weekend, so my weekly post is monthly chart instead of daily one. Comments are welcome!

 

[snowrider]

08/07/2011

Comments are welcome!

 

[bsmith72]

I'm following S&P 500 and EUR/USD right now.

Agree with you on the S&P 500.

Disagree on the EUR/USD -- We both agree it's going up but I have totally different wave counts... see screenshot.

 

[snowrider]

Quote from bsmith72:

I'm following S&P 500 and EUR/USD right now.

Agree with you on the S&P 500.

Disagree on the EUR/USD -- We both agree it's going up but I have totally different wave counts... see screenshot.

bsmith - Thanks for contributing your good wave count on EUR. I actualy once had similar count back in April.

About SP, we need to recount the wave. It seems that the c is extending.

 

[bsmith72]

I think the overall trend is a motive wave down instead of a corrective move as you have in your chart. Have you looked at this option? Just interested to know why you think it's a correction?

Here's my updated charts for S&P 500. I think we are in a Wave 4 pattern right now. Once this completes, we can look for a Wave 5 and draw our projections from there. (sorry about the size of the charts -- not sure how to make them smaller?)

 

[snowrider]

Quote from bsmith72:

I think the overall trend is a motive wave down instead of a corrective move as you have in your chart. Have you looked at this option? Just interested to know why you think it's a correction?

Here's my updated charts for S&P 500. I think we are in a Wave 4 pattern right now. Once this completes, we can look for a Wave 5 and draw our projections from there. (sorry about the size of the charts -- not sure how to make them smaller?)

bsmith72 - I assume that you are talking about the SP? Yes, I have taken that into consideration. The following monthly chart is from an old post:

It is probably on the way to an [[E]] of [[[IV]]].

Can you post your charts again because they are showing broken links.

 

[snowrider]

08/13/2011

Comments are welcome!

 

[bsmith72]

Quote from snowrider:

bsmith72 - I assume that you are talking about the SP? Yes, I have taken that into consideration. The following monthly chart is from an old post:

It is probably on the way to an [[E]] of [[[IV]]].

Can you post your charts again because they are showing broken links.

Sorry, I've made them attachments this time - Here's the S&P 500 30 min chart from Aug 10.

 

[bsmith72]

Quote from snowrider:

bsmith72 - I assume that you are talking about the SP? Yes, I have taken that into consideration. The following monthly chart is from an old post:

It is probably on the way to an [[E]] of [[[IV]]].

Can you post your charts again because they are showing broken links.

And here's my S&P 500 4 hour chart from Aug 10.