Below is my DJIA chart with the elements of the
Advanced GET Wave 5 Sell Signal imposed upon price movement the past few weeks. You can see that all elements of the
mechanical sell signal are now in place, with a target for the move of between
9200-9700 on the DJIA. Also noted is the reversal level of
10,120 which turns the
Daily Trend Following Model SHORT.
The elements of a mechanical Wave 5 Sell Signal:
(1) A measured three-wave decline followed by a fourth wave advance;
(2) Wave four channel up into Fibonacci window (50%);
(3) Elliott Oscillator retraces from oversold back to the zero line (middle study);
(4) False Bar Stochastic Sell Signal (bottom study);
(5) Price break-down through trend channels to begin Wave 5 decline.
8 comments:
Allan,
Thanks for sharing your work. Even though I am a disenchanted and an anemic investor, I am still seduced by the manipulated and mysterious markets.
FYI, re: VVUS, Barron's article
http://online.barrons.com/article/SB50001424052970203296004575324720647285764.html?mod=djembdr_h
Allan, multiple view points converging...astrology forecast saying that markets will plunge between June 26 and Aug 13..the period where eclipses have begun!! Lunar eclipse on June 26, Solar eclipse on July 12.... Is your foresight aligned with Prechters??
Re: Cardinal Climax
Google it; coming soon to a universe near you.
Yawn
interesting seekingalpha article on this cardinal climax. hmmmm....
Something I've never understood - and this applies to anyone with a system to sell, not just allan: if a trader is so successful at their trading system, why would they bother selling subscriptions @ $100 a pop or whatever, and have to deal with the public and maintain the service and answer emails etc? Is it just ego? Or are they not so successful and need the extra income that selling a service generates? If I had a reliable system that made me a lot of money I couldn't be bothered with anything else, let alone diverting my time dealing with the public. I would just bank my earnings and live my life
I agree with Coopers comments 100% & then some. Why deal with the public??? (Unless your system is quite a bit less then perfect Imho)
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