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wolfewave? 
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Post Re: wolfewave?
inthevastmiddle wrote:
MarkyMark wrote:
regarding INTC, it's funny because it's the second large stock that seems to have hit the brick wall of an upper fibonacci fan line, much like GS did at it's peak :o but I'm really not that in to intel or tech so what do I know. and post your nas stuff!
Here is the NASDAQ. The red highlight area is the gap that was open on NASDAQ. That closed Friday. That bullish wolfe wave now looks impossible for the target to be reached. The bearish one that I had abandoned (there are others, but their ETA's are long past) looks pretty possible.
The bearish one played out this morning. A Picaso at that, right on time (the ETA). Just wow, and I have not been thinking it could be possible. :(
Attachment:
WW_Picaso_Nasdaq_02_05_2010.png
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Fri Feb 05, 2010 10:09 am
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Post Re: wolfewave?
:idea:

wave 3 up seems shallow, so it looks like it could be the beginning of a bigger WW, making "5" a "3".


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Sun Mar 07, 2010 7:31 pm
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Post Re: wolfewave?
So then you blue dot would be the potential 4 wave? thx


Mon Mar 08, 2010 2:59 pm
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Post Re: wolfewave?
No that would be the target line. However like I said, pt 5 seems low, and if "5" is really only "3" then 4 would be too low to form a wedge, it would almost be a channel...so I dunno.

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Mon Mar 08, 2010 6:01 pm
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Post Re: wolfewave?
Hey marky thanks for getting back...

http://stockcharts.com/h-sc/ui?s=$RUT&p ... =193578683

I see your point about the wolve wave..the structure is way off...not wedging enough..hard to make a right triangle out of 4,5 to 6.

I do like the way 5 peak above the trendline..a must for a wolf wave..

anyways thanks.


Mon Mar 08, 2010 10:57 pm
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Post Re: wolfewave?
hmm

If I could figure out how to chart the RUT in ToS I would do the fibs on it but I don't know how lol.

I will check the IWM and see if it's accurate enough

btw your russell chart does look complete and convincing enough though, doesn't it? I like.

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Tue Mar 09, 2010 11:43 pm
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