INTC 30', two countings possible. (1) Counting, shown above, still valid. However, "Minuette"-wave 4 finished below peak of "Minuette"-wave 1 ("Leading Diagonal" -pattern?) (2) Recount neccessary and "Minuette"-wave 3 and 4 would be a "1" and a "2" of some lower degree. (see Fib. levels)
Highflyer MU, probably closing gap and leaving channel! "Subminuette"-wace 3 could also be a final 5 and a "1" of some higher degree! See Fib-levels...
MMM probably breaks support line at $ 189.48.
NASDAQ extr. bearish for the the next days, beginning tomorrow. "Minuette"- wave 3 AND "Subminuette"-wave 3 AND "Micro"-wave 3 will lead to 1.618 of Minuette 1(5376). Watch carefully!
IBM still above support line. Take it as a stopwatch: If IBM hits the 0.382, it's probably time to go long for the whole market!
Ther are two possible countings for AMD! 1. The wxy-pattern is valid and AMD is about to finish the first wave "a" of the terminal triangle in "Minute"-wave "y", by breaking the resistance line (red), closing the gap (making "b") and falling back to lower leves afterwards. 2. The wxy-pattern is NOT valid and it has been an "abc"-correction for "Minor" 4, with an...
INTC probably finished wave 4 of an "Minuette" impuls wave. Watch carefully!
The possible retracement levels (measured) for the nearterm are: 0.236: 20200 and 0.382: 19600. Minimal retracement for a wave "4" is 0.236 and often ends close to the level of the "3" of the preceeding lower degree. Also 0.382 is possible.
MMM probably in a a "Minor" - wave 2 correction. Waiting for a clearer picture.
After breaking out of the old trading channel a few days ago, IBM is "walking down the line". This wave ("Minor" - wave 4) has a normal ZigZag- pattern and IBM is in impuls c, the final leg of the correction. Waves 4 normally correct 0.382 ( $ 170). In a few days and on this level or just below ($ 166), there could be a nice opportunity to go long! (Depending,...
Needed to do some recalculations, Scale 30': Overlaying the NASDAQ with either the DJI or the SPX you will see, that both made their highs ("Minor"-wave 3) on 2017-03-01, but the NDX didn't! If you look at the chart for NASDAQ, you will find, the index made even 2 more tops, obviously as a sign of strenght! The first 2017-03-21 (with an exhaustion - gap (!) and...
Probably, SPX (15' scale) has finished "Micro"-wave 1 of the impulswave c. During the next one or two trading sessions, there will be wave 2 (corrective pattern and looking "bullish") to the level 2360. See resistance lines (blue). Wave 3 will lead os to the levels, described in my first part (Part 7)! BTW; diamonds (pattern, best seen on 1') are for the girls...
SPX -0.08% ( 1h scale) is in the final leg "Minute" - wave y (blue) of the wxy - pattern. I suppose, this final has a triangle-pattern (as almost always). During the last two days, SPX -0.08% is still in the first corrective "Minuette" - wave a (red) and is about to finish "Subminuette" - wave c (grey)! This is also an impulse pattern with 1-2-3-4-5 counts! The...
Mu back in the shorttime trading channel (dotted), probably having finished wave 4. Wave 5 could be very short!
New counting! NASDQ finished first Impuls wave and abc- corrective pattern of firs leg A and is now in the second impulse wave c to finish A. This wave is probably elongated (ext.3 or ext.5). Risky to short this wave!
DJI probably struggling to finish wave "Subminuette" 4 at 0.382 (20710) ?
AMD's counts had to be redrawn! (Forget about "Minor" 4!) The new pattern looks like much the same, the whole market is in! It's a WXY - pattern and this could also be the pattern for AMD! "Minor" - wave 3 still valid! Pushed Mediumterm trend line down (magenta PUSH) AMD is not allowed to fall much further, because of breanking the rules: Wave 4 never ends below...