tag:blogger.com,1999:blog-4363707944748952823.post3698655155767682212..comments2024-03-19T05:04:03.899+01:00Comments on practical technical analysis: UpdateKrasihttp://www.blogger.com/profile/07425885123775585052noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4363707944748952823.post-47875697389454367722013-09-11T19:18:26.933+02:002013-09-11T19:18:26.933+02:00Hi Topher,
no that is not the right shoulder it do...Hi Topher,<br />no that is not the right shoulder it does not have the right "personality"...<br />If we assume that I am right:) and this is an important top. In this case in a topping sequence I expect to see is: <br />1.rally making higher high, but shorter than usual(check only 29 trading days) with divergences(check MACD weekly and other)<br />2.than correction 8%-10% strong enough to scare the bulls - no and no<br />3.than weak but deep retracement 50%-61,8% - that is the right shoulder.<br /><br />For now - no correction and a lot of complacency. Point two is missing so there is two possibilities - we are still in a correction like the first one on the NYMO chart with very deep retracement and sharp drop(part of the head) or I am wrong and this is not a toping sequence and important top....Krasihttps://www.blogger.com/profile/07425885123775585052noreply@blogger.comtag:blogger.com,1999:blog-4363707944748952823.post-43533260831020774242013-09-11T17:13:08.010+02:002013-09-11T17:13:08.010+02:00Krasi,
In your short-term charts you are looking ...Krasi,<br /><br />In your short-term charts you are looking for a Y wave lower and then counter-trend higher. Given the extent of the advance could this be that move, the right shoulder, and the next leg down is the real down move to below 1500 SPX?Topherhttps://www.blogger.com/profile/01102029094236009245noreply@blogger.com