Price foretells tsunami wave lambda
- Thread starter deadbroke
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Many thanks to Vadim at EWI for this great series which continues this week .... (not hinting at subscribing, I'm not a subscriber). Always have liked Vadim's straight talk.
http://www.elliottwave.com/freeupda...With-Fraud-Who-Could-Have-Guessed-Part-I.aspx
chartwork below is purely mine
http://www.elliottwave.com/freeupda...With-Fraud-Who-Could-Have-Guessed-Part-I.aspx
chartwork below is purely mine
DSI (daily sentiment index) = 92 = Lalaland
options traders sentiment = off the charts = COMPLACENCY = admiring the huge new stretch of beach
Insiders selling 6 times > buying = they've seen the receding waters, know what's coming, and are now bolting for the hills
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options traders sentiment = off the charts = COMPLACENCY = admiring the huge new stretch of beach
Insiders selling 6 times > buying = they've seen the receding waters, know what's coming, and are now bolting for the hills
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I remember someone else on ET saying that insiders were selling 5x more than buying last summer. Oh wait, was that you?
How many times has Prechter failed in his forecasts in the past? One would have to live older than Methuselah to make money trading his advice, and that's only if they didn't get a 100% drawdown in between hoping and praying.
How many times has Prechter failed in his forecasts in the past? One would have to live older than Methuselah to make money trading his advice, and that's only if they didn't get a 100% drawdown in between hoping and praying.
EURGBP .... Euro vs Brit. Pound Sterling
This is a very important cross because Sterling health overall reacts bigtime to it.
If what I am considering in the weekly chart is correct, i.e. the wave 4 triangle, then a huge rocket move to the north is to be expected. Furthermore would I be right in expecting this rocket to be an an extended wave 5 ??
If this is the scenario, then expect Britain to be in a shitload of trouble as depicted on Page 1 of this thread.
Need to review the daily some more to clear up some fuzziness but this is what I am thinking now
This is a very important cross because Sterling health overall reacts bigtime to it.
If what I am considering in the weekly chart is correct, i.e. the wave 4 triangle, then a huge rocket move to the north is to be expected. Furthermore would I be right in expecting this rocket to be an an extended wave 5 ??
If this is the scenario, then expect Britain to be in a shitload of trouble as depicted on Page 1 of this thread.
Need to review the daily some more to clear up some fuzziness but this is what I am thinking now
Quote from deadbroke:
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Still LONG with the same 10,835 close as the key trigger to close Long and go Short.
60-min. trendline break at 10,944 would also be an aggressive Close Long and reverse.
reiterating TOP is imminent Now or @ 11,182 or 11,294 (=61.8%)
Jones @ 200-wk m.a. = stiff resistance
LTm.a. X 200 m.a. @ 1" to the left suggests cascading waterfall decline.
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Continue to stay LONG
if/when close < 10,990, close Long & go Short.
+++ Short with close < 10,835 as in above post.
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