tag:blogger.com,1999:blog-547276048038789798.post873481402512901789..comments2024-02-26T10:14:10.039-08:00Comments on Deflation Land: Charts 07-22: Alt count for a 7/31 topchristiangustafsonhttp://www.blogger.com/profile/07216348353801614419noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-547276048038789798.post-58094321663492883042013-07-25T09:56:53.950-07:002013-07-25T09:56:53.950-07:00That guy Luna on Tickerforum used to love the expa...That guy Luna on Tickerforum used to love the expanding wedges to finish things off. Where is he? You and he were among the more thoughtful ones on that dreadful site.Bryan Francohttps://www.blogger.com/profile/13490480303778800074noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-81579018223530642572013-07-25T08:09:39.430-07:002013-07-25T08:09:39.430-07:00Bryan, the upper trendline for the 2009 rally chan...Bryan, the upper trendline for the 2009 rally channel -- the Big Enchilada -- is right about at 1770 SPX on Friday, September 20.<br /><br />That would give us W1 ~ W5 similarity, where wave 1 is the move from 1266 to 1474, 208 pts.<br /><br />From the 1560 low, 208 pts targets 1768, ding ding ding.<br /><br />So the wags on ZeroHedge may be right after all. The rally does not end until the Germans turn out the lights on Europe.christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-79635876774379464772013-07-25T06:08:33.825-07:002013-07-25T06:08:33.825-07:00IIRC the "late September" idea would be ...IIRC the "late September" idea would be for us to form some sort of ending-diagonal structure here for a 5th wave, which terminates with the German election on September 22.<br /><br />That's certainly possible, and I'll poke around with it. Keep in mind, though, that the big channel since the 2009 lows is rising, and that every day pushes a touch of its upper bound even higher.<br /><br />McHugh suggested recently that the current wave up could be a W1, and the E-D is one good scenario for this to work out. Each leg of an E-D is a triplet, so W1 would be complete -- and really rape anyone betting on a W5 arriving here. <br /><br />The .618 retrace of the rally move since 1560 is SPX 1613. Wave 2?<br /><br />I'm not too familiar with their <i>oeuvre</i>, Bryan. Big Black or Gang of Four is more up my alley.christiangustafsonhttps://www.blogger.com/profile/07216348353801614419noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-82176068820944614812013-07-24T14:25:41.124-07:002013-07-24T14:25:41.124-07:00uggh.. could have brilliantly used a line from a G...uggh.. could have brilliantly used a line from a Green Day song in that prior post. Can you guess which one?Bryan Francohttps://www.blogger.com/profile/13490480303778800074noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-46744235317426277202013-07-24T14:21:45.045-07:002013-07-24T14:21:45.045-07:00Taking into account the possibility that sometimes...Taking into account the possibility that sometimes they don't make it so pretty, is there anything you'd look for prior to confirmation to suggest either extreme 1) wave 5 truncates or 2) that this latest leg up from the june lows is merely wave 1 of a larger wave 5 that finishes in late September? Bryan Francohttps://www.blogger.com/profile/13490480303778800074noreply@blogger.comtag:blogger.com,1999:blog-547276048038789798.post-30846942648309286602013-07-23T06:01:10.062-07:002013-07-23T06:01:10.062-07:00'Deflation really is the cure for all that ail...'Deflation really is the cure for all that ails us.'<br /><br />I..err.. don't think the Bernanke would agree.<br />--<br /><br /><br />*Futures higher, but Oil sure is weak again. Maybe a jump at the open...to fail..and then a small sell down?<br /><br />Yet..its that SAME old problem again of QE, and the algo-bot melt.<br /><br />I see NO catalyst to knock this market lower today. <br /><br />Its why I'm already looking to next week, when we actually do have something to get things moving. The FOMC..and GDP data.<br /><br />---<br />ps. why not get Disque installed on this page? When you reply to people, they don't know, unlike disque, which fires off an email each time a reply is made.Trading Sunsethttps://www.blogger.com/profile/13291647197167518399noreply@blogger.com