Set and produced in Albuquerque, New Mexico, Breaking Bad is the story of Walter White (Bryan Cranston), a struggling high school chemistry teacher who is diagnosed with terminal lung cancer at the beginning of the series. He breaks down and turns to a life of crime, producing and selling methamphetamine with his former student Jesse Pinkman (Aaron Paul) in a desire to secure his family's financial future.
6 comments:
What about a count where the circle wave 4 on the chart is actually the end of "A" in an A-B-C. So we would complete wave B around 1076 (68% fib) and then go into wave C higher. After C - then down....into larger wave 3....just a thought....
advance-decline and bullish percentage doesn't look to be supporting a large move down at this point.....no matter of course, whichever way the tides go...
I can see your count and its possible. EW is an art and there are a lot of EW artists out there. Does anyone really get it?
I've been trading EW since the 1980's, using Advanced GET for those mechanical signals and of course, Robert Prechter for my bigger picture analysis. I think the brain trust out of Gainesville has the best overall analysis so I tend to weigh them more heavily when attaching myself to wave counts.
Sometimes, it all comes together and it's an "all-in" bet, once or twice a year, but well worth the wait.
A
Helluva show, watched them all but I think it ended this season
I would like to lean toward the elliott wave view that Allan and Prechter are following ...because they are famous and I am not.
But I cant help but see a somewhat different count.
Like the poster in other thread who sees the double bottom at S+P 1040,that does mean something,if only short-term-mid term,
In my view,we are counting an ongoing ABC correction from the 5 waves down of late april top at 1220.bottomed at 1040.double bottomed.
from there we do have a 5 subwave correction to 1131.(that could fulfill the correction zone by price but not by wave structure)
Also, in that zone ,the 50 SMA was above that at the 1142 area,which could suggest a little more room to run. 1131 was a precise 50% correction from the 1220 top-1040 bottom.
you couldnt get more perfectly designed price numbers if you engineered it all yourself (hmm,interesting concept...)
and now we have a down move off the 1131 swing top that has hit all the fib points along the way down, and closed today(thursday) with a double bottom at 1071.
The idea of calling for a complete collapse from here because it passed down through 1079 sounds like wrong counting to me.
Technically, market could still plunge friday some more down towards the 1040 bottom and STILL be in an upwave from the 1040 bottom...either to complete wave 2 of 5 up or wave B of ABC up.
In any case,I suppose the most prudent way to craft a vision is to count all possibilities and watch how it plays out.
the next critical price points to watch for ,as I see it would be what takes place at the 1100-1108 area,where the 200 MA is,and fibs.
Just wanted to point out the volume for this week has been very low so far...lowest weekly volume since last christmas. market turning down this week on low volume,doesnt sound like a wave 3 energy to me.
Why the Breaking Bad reference?
Allan, please tell us that you are healthy and not just devising a way to get income from fleecing us subscribers in an attempt to secure a good financial future for your surviving family members.
Post a Comment