Nov 22, 2017

Update

I think since the end of October all this corrective waves are one much bigger ED than I thought.


NYSE and DJ look a little bit different so alternate the ED could look this way. It will take more time, but at the end it is the same story. I suspect stealth 40 week cycle low last week so spending time a few weeks higher is in fact what I want to see.... and you will have your Christmas rally:) the last high before puking hard lower.
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4 comments:

  1. AnonymousNov 22, 2017, 10:51:00 AM

    Thank you Krasi.

    I don't say it often enough but your analysis is very helpful to my own cycle work.

    ReplyDelete
    Replies
    1. KrasiNov 23, 2017, 6:00:00 AM

      Glad to hear it:) I have to work on mine cycle analysis it gives roughly time perspective, but it is not so good especially the short term.

      Delete
  2. Joson nomNov 23, 2017, 3:46:00 AM

    Hi there.

    Excellent site. I am interested in your view about biotech index namely xbi. Do you see any bearish bias near term?

    Thanks

    ReplyDelete
    Replies
    1. KrasiNov 23, 2017, 5:57:00 AM

      Short term I expect a wave lower... It will be nice to make a lower low to synchronize with IBB, after that it should move higher for a few weeks.

      Delete

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