DOW

longterm_view wrote: I normally post with some of my positions showing so it’s easy to see where I entered on a trade...
With waves,,,,,,normally down moves correct in 3 waves and some times it helps to get in early after the 3 wave down as you then can expect the next wave up ...obviously that’s based on up markets m, reverse for down markets...
But based on simple waves you can roughly get an idea of the direction based on strong trends...
Don’t ask me about wave counts...lol....just try and keep it simple....

How’s this for a count? Chart 1.

If it’s 3 waves, Chart 2?[/quote]

I like the second chart....it looks like you have got the idea of waves..,.the abc, would be the 4th wave....so I’d label that so won’t get confused...
Both of your charts can be right...just depends on the time frames ....

longterm_view wrote:

Libero wrote:

longterm_view wrote:
Well that’s the 50% fib gone, only the 61.8% to hold it back.

If not

LongTerm, tell me what number do you have for 61.8%?

Unmployment ticked up again in the US, and it could be at 25% by May. Now, I know the market is forward thinking, but where's the structure, the plan.

lots of questions!

Libero

25220, 61.8% fib on Dow.

Thank you LongTerm - was wondering if the numbers vary based on EoD vs 24 hours.

Libero wrote:

longterm_view wrote:
Well that’s the 50% fib gone, only the 61.8% to hold it back.

If not

LongTerm, tell me what number do you have for 61.8%?

Unmployment ticked up again in the US, and it could be at 25% by May. Now, I know the market is forward thinking, but where's the structure, the plan.

lots of questions!

Libero

25220, 61.8% fib on Dow.

longterm_view wrote:
Well that’s the 50% fib gone, only the 61.8% to hold it back.

If not

LongTerm, tell me what number do you have for 61.8%?

Unmployment ticked up again in the US, and it could be at 25% by May. Now, I know the market is forward thinking, but where's the structure, the plan.

lots of questions!

Libero wrote: how many times did the Dow bounce of 23677 (or thereabouts) just in the last 75 minutes....

crazy...

Well that’s the 50% fib gone, only the 61.8% to hold it back.

If not

how many times did the Dow bounce of 23677 (or thereabouts) just in the last 75 minutes....

crazy...