The preliminary LONG signal expired as TZA failed to hold above the trigger-long level at the end of the hourly bar. Officially, the TZA 60 minute model is still SHORT.
RUSSELL 2000,..... Current wave action suggestsa triangle terminal for breakout. Timing is the next few days (Full Moon Zone) DIRECTION: Take your pick.Up or Down...could go either way. Key s/r points show a small move down to and IF Holding at 585 area supports a big move UP.
But...Failing to break above 600,and reversing there,suggests a move Down. The whipsaws should be happing at these s/r points in these next 2 days. But the Full Moon Zone happening this week should make the breakout move decisive for the next 10 to 14 day wave.
The preliminary LONG signal expired as TZA failed to hold above the trigger-long level at the end of the hourly bar. Officially, the TZA 60 minute model is still SHORT.
ReplyDeleteYou can thank me. I bought at 11.79 and it tanked from there.
ReplyDeleteGreat job Allan. How is the Anti-Cramer site doing?
ReplyDeleteAllan, not sure if you reply on this already ...
ReplyDeletewhat is Neely and Prechter's view on the current rally ...
Re: Neely
ReplyDeletefreshly posted interview:
http://www.neowave.com/company-nov2009interview.asp
Not to dampen your good work, but what about NNVC, which was your pick for 2009? Any update on that one?
ReplyDeleteLumber futures this week signaling imminent decline in SP500?
ReplyDelete*
The Carpenters
RUSSELL 2000,.....
ReplyDeleteCurrent wave action suggestsa triangle terminal for breakout. Timing is the next few days (Full Moon Zone)
DIRECTION: Take your pick.Up or Down...could go either way.
Key s/r points show a small move down to and IF Holding at 585 area supports a big move UP.
But...Failing to break above 600,and reversing there,suggests a move Down.
The whipsaws should be happing at these s/r points in these next 2 days.
But the Full Moon Zone happening this week should make the breakout move decisive for the next 10 to 14 day wave.