Price foretells tsunami wave lambda

[deadbroke]

And now the most important re-worked wavecount, i.e. the Dow Jones daily chart count all the way from the 2007 top ......

CALL:

Top of March 2009 rally is imminent. Break that daily trendline and top is confirmed.

There is NO take profit and reverse scenario. Once the short fires, hold position for months and months. If this is correct, we will witness BEAR's awesome power to the downside.

 

[deadbroke]

CALL on Australian Dollar versus US Dollar:

Trend is still up but reversal expected so therefore ....


Go Short AUDUSD if/when daily close below 0.90387 occurs, i.e. if the horiz. purple line at extreme right of chart is broken to the downside.

Uptrendline from March 2009 will be busted before the above signal.

 

[deadbroke]

Quote from deadbroke:



a learning and test of theory realtime opportunity has been presented by Mr. Jones himself .....

see the 60-min. chart drop from March 25 top to the 26th low? Its a 3-legged move = countertrend. Therefore the larger trend is still up. That's what the Theory says.

Let's see if it works?

Q.E.D. It works beautifully.

But it could also just be a fluke, so I shall bring this up more and more over time with different scenarios with various instruments and look for universal validity.

 

[deadbroke]

Quote from deadbroke:

Nasdaq versus S&P500 daily chart ....

for some reason unable to upload this chart - will try some other time, but in the meantime chart the ratio yourselves and observe the following ......

Nas/S&P daily is not confirming other indexes' new tops since July 23. For the rally's sake its important that it does so given that it is a true champ in that it called the March rally one month in advance on Feb 12 by bottoming with a higher low on December 2, 2008.

Uptrendline from December08 is busted, but Price could be just consolidating with the higher high yet to come via a new, albeit shallower uptrendline? .... don't know.

Important trend consequence low is that of August 27, 2009.

Thus far, despite the trendline bust, uptrend is still intact IMHO.

The above quote is from page 2 - it really is a beautiful thing to be able to go back and see one's own thoughts at difficult junctures - I'm really pleased that I didn't give in to the trendline break back then, but opted instead for the wave low as the arbiter.

Later action gave a very small violation and its more than likely I would not have stumbled and quit the Long because the violation landed right on the 200-day m.a. I would have waited.

And the trend just continued up nicely thereafter.

 

[deadbroke]

Quote from deadbroke:

sorry about not being able to post the chart, but maybe lucky now? ......



By deadbroke

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Here then is the updated Nas vs S&P chart showing the very tiny violation that occurred right on top of the 200 m.a., then the bounce and continuation.

 

[deadbroke]

Quote from deadbroke:

60-min. timeframe SHORT (DIA or Qs or your choice)

entry if and only if Dow Jones 60-min. close below 10,835 occurs.

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reviewing the March 30 call .....

10,835 has held up quite well so there was NO short entry. Therefore the LONG from March 2009 continues.

 

[deadbroke]

could I/would I have been able to withstand the trendline break on 60-min. (see chart below) and stayed LONG because my wave low was NOT yet taken out?

Based on my forex thread the answer would be, "NO"

But maybe I've improved now?

We won't know this for sure until I'm ready to re-do a new forex thread (when I'm ready) and have a closing ratio of 75%++ winning trades (my goal).

In the chart I've left everything as-is to show exactly my thought processes at that moment.

 

[deadbroke]

Quote from deadbroke:

Quote from deadbroke:

60-min. timeframe SHORT (DIA or Qs or your choice)

entry if and only if Dow Jones 60-min. close below 10,835 occurs.

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

reviewing the March 30 call .....

10,835 has held up quite well so there was NO short entry. Therefore the LONG from March 2009 continues.

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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.

 

[deadbroke]

Quote from deadbroke:

Next time we look at my favorite indexes, ^SSEC (China), N_225 (Japan), HSI (Hong Kong), TWII (Taiwan), STI (Singapore) and KS11 (Korea) - for clues.

The Nipponese N_225 Index

Wave III up started at the US Great Depression low around 1931-32 and topped out Dec 1989 - Wave IV down aka the Deflation wave is ongoing. Target expected in the 4th of 3 zone around 475 -1860.

 

[deadbroke]

Nipponese Nikkei daily chart


currently at 38.2% retracement

EDT i.e. Ending diagonal Triangle with throw-over says it all.

I still have a 11,491 target that has not yet been hit. We are in the 5th of 5 so at or near the top.