i have been watching your posting for over 1 year. today is 20 Jan, 2011. I would like to share with you a bid my learning process, not the learning result. Many people have better experience than me and traded longer in the stock market. My purpose of posting here is to show my appreciation of your excellant jobs and to show those who are new to stock market studies a bid my learning experience. (to continue)
I kno you like to look at the CBOE PC ratios. the equity has had two very strong over bearish readings in the last week or two and we have not crossed the 0.60 level for a long time now barring on erroneous day. When we get a confirmed crossing of the 0.60 level two days in a row this would signal a major market turning event is due very soon. Also 11875 is a strong final res level marking the key turning point where bottom pickers got caught in 2008. the last line ina band of res levels
Joe, you do an outstanding Elliott Wave analysis! Very organized, presented clearly and thorough understanding of Elliott Wave rules. Your analysis is unbiased and objective and you do a great job of alerting the viewer to probable outcomes. This is superior objective Elliott Wave analysis the way it is intented to be. Great job!!! Thanks for posting!!
@ew1million One might look for a retrace back down to previous double top highs at SPX 1200 - 1220 to burn off the sentiment. This might be the next 'X' wave. The key will be the characteristic of the decline. If the bars are compressed and overlapping, it is likely the next 'x' wave. If very impulsive, lower, then the start of P3. If the 'x' wave forms it would likely reset the sentiment needed to make the higher high to ii. Thanks for the question.
Great Job Joe. Very nice respectful preamble. Something that has been lost in America. Respect for each other, a fair and balanced economy, and a honest market.
This guy is probably the most thorough and detailed EW analyst other than Prechter I have seen. Keep up the good job!
mkots23 1 year ago
Hi, Joe,
i have been watching your posting for over 1 year. today is 20 Jan, 2011. I would like to share with you a bid my learning process, not the learning result. Many people have better experience than me and traded longer in the stock market. My purpose of posting here is to show my appreciation of your excellant jobs and to show those who are new to stock market studies a bid my learning experience. (to continue)
candyliying 1 year ago
Hi Joe
I kno you like to look at the CBOE PC ratios. the equity has had two very strong over bearish readings in the last week or two and we have not crossed the 0.60 level for a long time now barring on erroneous day. When we get a confirmed crossing of the 0.60 level two days in a row this would signal a major market turning event is due very soon. Also 11875 is a strong final res level marking the key turning point where bottom pickers got caught in 2008. the last line ina band of res levels
greenXpaddy 1 year ago
@greenXpaddy meant to say over bullish
greenXpaddy 1 year ago
Joe, you do an outstanding Elliott Wave analysis! Very organized, presented clearly and thorough understanding of Elliott Wave rules. Your analysis is unbiased and objective and you do a great job of alerting the viewer to probable outcomes. This is superior objective Elliott Wave analysis the way it is intented to be. Great job!!! Thanks for posting!!
BlindHatchet 1 year ago
Thanks Joe.
What are you looking for to see if this continues higher towards ii of P1?
is it clearing 1320 level? or is there a specific thing to look for...Can the sentiments keep going higher and higher along with the mkt?
Thanks in advance
Peter
ew1million 1 year ago
@ew1million One might look for a retrace back down to previous double top highs at SPX 1200 - 1220 to burn off the sentiment. This might be the next 'X' wave. The key will be the characteristic of the decline. If the bars are compressed and overlapping, it is likely the next 'x' wave. If very impulsive, lower, then the start of P3. If the 'x' wave forms it would likely reset the sentiment needed to make the higher high to ii. Thanks for the question.
ElliottTrader 1 year ago
Same page --- dollar index target of 77.71
Not expecting bthe Fed to allow a change of direction to be easy.
radiantinred 1 year ago
Thanks very much and it sounds like we're on the same page there.
ElliottTrader 1 year ago
Great Job Joe. Very nice respectful preamble. Something that has been lost in America. Respect for each other, a fair and balanced economy, and a honest market.
rockerme4u 1 year ago 2