Starting it off.
Al
AL
albert
Rep: 99
Posts: 3,094
rat and Duane,
Thanks for the good wishes. No worries. I am doing well, thank you. I think I made it sound more dire than it actually was. I went to the hospital for a few hours for an outpatient routine procedure that went well. I just was really impressed at the quality of the work that you guys are doing, and I thought I would tell you!
All the Best,
Al Kamego
Thanks for the good wishes. No worries. I am doing well, thank you. I think I made it sound more dire than it actually was. I went to the hospital for a few hours for an outpatient routine procedure that went well. I just was really impressed at the quality of the work that you guys are doing, and I thought I would tell you!
All the Best,
Al Kamego
DU
Duane
Rep: 100
Posts: 1,095
Wow, really nice work. Logical and Prophetic. Thanks for sharing. Fib work rocking... Plus lines... I am often tempted to go all Jesse Livermore when I see a set up this good.
Originally posted by rat89
thanks Al, I hope all is well with you?
spx - I hate to be a downer on the current short party.....this is how I see spx....until proven otherwise, there is an incomplete move that requires the fifth wave - wave Major [5]. I have put lines on the three up waves, and note that the third line is speculation as it has not occurred yet. Note that each one is shorter than the one prior....but we "know" that wave 3 of a primary move should be the longest wave, right?.....except in the case of an ending diagonal, where 5 < 3 < 1. Wave [5]=.382*[1] at 3015. External retracement of 2954 - 2836 = 1.27 at 2986, = 1.46 at 3008, and = 1.618 at 3026. YES the next cycle move down will be much larger than this move, BUT this is the move I see to play NOW. One trade at a time, regardless of the time frame you are in.









