Dear frens and forummers, i set up CHRISSYCONN to share our trading and investing ideas. We shall start afresh in this new place WE proudly call HOME .
It is our dream to become a Successful Trader as well as a Super Investor. To make our dream comes true, we embrace TA, FA and a business mentality.
Yes, we will be stressful pursuing our dream .... so ps feel free to share your humour with us so long as IT IS not offensive to anyone in this HOME.
Lastly, we would like to remind everyone to trade / invest at own risk should u choose to buy our stock pick .
FOR CHARTS, PLS VIEW OUR BLOG
http://chrissyconn.blogspot.com/
twobits .. have a feeling that B still in progress of minor c unless last swing high is taken out .. then it wud be minor a of C now !!! target for C is the upper boundary of the yellow channel ... if B still WIP then target is the lower boundary of the channel
twobits ... not like this meh ?? 1) 1st ABC = A upleg on higher degree 2) 2nd ABC = B downleg on higher degree (in progress now) 3) 3rd ABC = C upleg on higher degree (there shud be this upleg to complete the ABC on higher degree no ???)
Dec 5, 2016 12:13 PM | Report Abuse evel .. before the DUMP, most wud have assumed the big wave peaked at 2.52 was a WAVE 3 .. then to process WAVE 4 pullback before riding on the next WAVE 5 .. but now this 'dream' is dashed cuz the supposedly WAVE 4 has pierced thru' peak of WAVE 1 at 2.03 !! so, no more WAVE 5 .. what do we have ??? 1) WAVE A - 1.18 to 2.03 2) WAVE B - 2.03 to 1.31 3) WAVE C - 1.31 to 2.52 after this set of ABC corrective waves, i am going to start another set of corrective waves first :- 1) WAVE A - 2.52 to 1.42 2) WAVE B - 1.42 to ???? u may use fibo to gauge target for WAVE B .. if u look at 38F, it also coincides with previous support turned resistance now at 1.8ish !! draw a wave channel for WAVE B and follow the price till it breaks out of the channel !! if u have a look at 15m, looks like minor a of B is done with 5-waves structure .. if u see any dip now, it's gonna be minor b of B and next minor c of B with a preliminary target at 1.8ish :) gotta monitor for any new data that may invalidate above observation ..
con: your count is correct... disregard mine... also..spx likely B bounce now.. no new high... what worry me now is dows.. if u look at daily dows rsi, stoch and macd... dont know how long they can support!
bonarda .. u may have a look at what i labelled on 4H !! hsif is on the deceleration channel now ... according to JK's channeling technique, when price breaks through the upper boundary of this channel we can expect a fifth wave rally next ... so long as price is still within this deceleration channel, WAVE 4 cud be turning very complex :(:(
totally agree with twobits :) if there is further slide and breaks peak of our supposedly wave 1, then the dream of riding wave 5 big wave shall be crushed !! always let the market tells us what HE wants to do ... we are in no position to be 10000000000% sure what his plan is :(
twobits ... don't have on wave degree but that 'practical ew trading strategies - a special tutorial series for subscribers to the dynamic trader reports' by robert miner is very very good !!! it touches on how to connect the dots with regards to wave degree ...
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Posted by Christine Goh > 2014-03-11 21:40 | Report Abuse
Dear frens and forummers, i set up CHRISSYCONN to share our trading and investing ideas. We shall start afresh in this new place WE proudly call HOME . It is our dream to become a Successful Trader as well as a Super Investor. To make our dream comes true, we embrace TA, FA and a business mentality. Yes, we will be stressful pursuing our dream .... so ps feel free to share your humour with us so long as IT IS not offensive to anyone in this HOME. Lastly, we would like to remind everyone to trade / invest at own risk should u choose to buy our stock pick . FOR CHARTS, PLS VIEW OUR BLOG http://chrissyconn.blogspot.com/