Wednesday, May 27, 2009

Taking every sell

Based on the Weekly SPX chart that I have been posting for three months now, we are in a window from which a major turn down could assert itself. Therefore I am taking every Sell on the 120 Minute Blue Wave chart, especially where EW (Elliott Wave) or FBS (False Bar Stochastic) are confirming.


Below are three tradables with prices presented as a line so its easier to see the uncanny accuracy of BW trades. Note also the EW counts and FBS confirmations.




FAZ triggered Long today at $5.16, closing at $5.38.

SPX triggered Short today at 898.58, closing at 893.06.

TBT triggered Long yesterday at $50.21, closing today at $57.20.


A

4 comments:

Anonymous said...

Hi Allan, Hope all is well with you. NNVC recently announced influenza tesing of Flucide at Thevac, LLC. I am not able to find much information about Thevac, LLC other than they are a spinoff of LSU. Are you satisfied with this level of interest in testing Flucide. The ongoing Swine Flu Pandemic might have encouraged a more profound level of interest, IMHO. Please share some of your brief thoughts. Thank you.

A said...

NNVC will eventually be the greatest investment of our collective lifetimes. Be patient, don't try to second guess very capable management and appreciate what a diamond in the rough we have stumbled upon.

Anonymous said...

FAZ has tracted a perfect EW 5-leg triangle since its May 8 low. If it gets above $5.75 tomorrow the triangle is negated. If it turns down from here, the triangle implies a trust to a final new low.
- cramar

Anonymous said...

Hi Allan,

Bought a few more shares of NNVC.

Some say that LWLG may also be the investment of a lifetime.

Thanks for all the charts and info.

LB