1998 PANIC LOW 12/26 LOW OR A SLIGHT NEW LOW
The NYSE could be counted as ending the correction from jan peak now based on the drop jan 27 to feb low x 1.618 from the b wave top oct 3 within 30 point I am now moving to a 75 % long as of this morning pull back and will move to a 100 % on any new low under 12/26 I SEE THIS DROP AS WE SAW IN 1998 PANIC DROP NOW . BEST OF TRADES IF RIGHT WE SHOULD SEE...
The NYSE Composite (NYA) has been much weaker than the three main US stock indices. Today 12/26/26 was the last day of the Full moon widow for a bullish turn. 12/26/18 was also the 58 trading day of the decline since the DJIA 10/3/18 top, matching the 58 trading day decline of the SPX correction in 1998. The 1998 SPX correction was down 22.4% so far the 2018 SPX...
Top - trend indicator with TL over its peaks. Recently violated (right) Below- NYA price NYA is a measure of market breadth and/or broad sentiment.
While everyone was paying attention to the SPX NDX and DJI, the NYA was showing the early divergence. Following a parallel pattern, the 13th month would be FEB 2019, which corresponds to NOV 2008. Almost every indicator I follow confirms a 3rd wave down. A 5 week average of the advance/decline line which I have been doing by hand for decades is even below the...
Margin Debt Liquidation, according to the website WolfStreet.com hit 40 Billion Dollars in the Month of October 2018, the highest monthly sale of debt since the Lehman Crisis,in November 2008. If you were asking yourself, WHY DID, the market go down so far, so fast,look at the massive amount of forced selling. feeding on each other, as prices continued to drop,...
IT NOW APPEARS THAT ODDS ARE WE HAVE JUST STARTED WAVE C FROM 12682 WAVE B TOP WHICH WAS .61B RALLY WAS THE PEAK FOR WAVE B OR 2 WHICH WOULD MEAN A CYCLE LOW DUE NEAR 12/4 TO 12/11 FROM OCT 3 PEAK BEST OF TRADES
WE COULD SEE TWO VERY HARD DAYS AHEAD FOR THE NDX 100 BASED ON THIS CHART
The FUTURE High / Low price swing dates for NYA
THE PULLBACK WAS A VERY CLEAR ABC DOWN AND THE PULL BACK HIT A .382 LOOK FOR AT LEAST A YEAR END RALLY
I am back and back with a nice chart of the New York Average that sports a textbook ZigZag down implying a couple of things. First we should see a rally from current level with any more weakness, if needed, should be limited. Then a 3 waves down is a counter trend move meaning the long term trend is up. Though we might have to be patient. Maybe this Zig Zag is...
THE MARKET TOPPED WORLDWIDE ON JAN 27 2018 . AND THE SPIRAL POINTED TO A PANIC INTO FEB 4 TO 10 FOCUS ON FEB 9 ON TARGET AND CYCLES POINTED TO A UPTREND TO START ON 4/2 BASED ON THE 10.8 TO 11.3 WEEK CYCLE. AND I POSTED THE SPIRAL OF 8/31 TO 9/12 WAS DUE AND A PANIC INTO THE WEEK INTO OCT 10 TO 20 . THE WAVE STRUCTURE IS THAT THE PEAK OF JAN 27 WAS THE PEAK...
I see that the US market start to collapse so I think that it will move toward 11800 area this previous crash the first time I think that it is impossible to recover to uptrend So I'm bearish in this NYSE composite
NDX Buy was a good call. Now we wait as the short term bottom is in. Fundamentally economy is very good no reason to panic.