Friday, August 22, 2014

Wrapping up a short-term count into Labor Day

Not expecting much from Yellen's speech an hour from now, maybe three days of what would be a wave 4 in the current short-term count.

Looking for 1978 into next Tuesday's close, then a final (as always) run north.

SPX

Edit:

Here's a short-term alt.  What if this last (??) move up here is an ABC triplet?

SPX with ABC alt up here

7 comments:

Christian Gustafson said...

Re the ABC alt, we can still take a shot at 2000 today, pull back Monday, and then head north to the 2018 area Tuesday and Wednesday.

Actually, I'm just posting this comment here so I get notifications ...

Bicycle said...

Civilian Noninstitutional Population, 16 to 19 years old, Bearish Rising Wedge.

Something Wicked This Way Comes…

http://canyoupicturewhatwillbe.tumblr.com/post/95473535049/civilian-noninstitutional-population-16-to-19

Bicycle said...

Ray Bradbury, ladies and gentlemen, Ray Bradbury...

Ray Bradbury Reads His Poem “If Only We Had Taller Been”

Christian Gustafson said...

Hey, no SPX 2K today after all. How about that.

Bicycle, that first chart is the most bearish little thing I have seen in years. Congrats!

Tonight I need to refactor the bearish scenario according to the 3PDH. The 11/20 cycle low is looking more likely to be the point #26, at SPX 1560, with the first washout low coming early next year.

saahilcap said...

I've stumbled across your blog recently and really enjoy yours and Bicycle's use of long term trend lines. Here is one I tried drawing, goes all the way back to the early 1900's - has a few interesting touch points. The points above the line are historically remembered as "bubbles" - the late 1920's and the peaks of 2000 and 2007…

http://twitter.com/saahilcap/status/436847270949318656/photo/1

Bicycle said...

Ratio of Exports to Imports for the Russian Federation, Bullish Pennant.

http://canyoupicturewhatwillbe.tumblr.com/post/95492241504/ratio-of-exports-to-imports-for-the-russian

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Labor Day Quotes 2014