Dan,
Here are two I am watching.
Note the divergences on oscillators, stochs and MACD currently.
The long term is "forced" but always something I always want to watch "in the background".
If the SPX were to climb noticeably higher the down count on the normal count would change to an ABC, the long term to a wave 4?
Earls data is more accurate than my Esignal data, you may want to see what his shows? My Normal count is forced due to issues Esignal has with the counts they show with their data. I have complained and been told they are looking into it, No reply every follows. AGET before they were sold used CQG data "cleansed" and the count were much more accurate I believe.
Don Ewers
----- Original Message -----
Sent: Thursday, April 10, 2008 9:14 AM
Subject: RE: [RT] sp500 whats next
Would someone post an Eliott Wave count for the SP500 from the beginning of the big decline in October 2007. By my count, we are in the midst of some kind of complex wave 4 with a wave 5 yet to come. I just want to see how others view it.
Thanks,
Dan
To: trend.hunter@yahoo.com; TimeandCycles@yahoogroups.com
CC: realtraders@yahoogroups.com
From: profitok@xxxxxxxxxxnet
Date: Wed, 9 Apr 2008 19:22:54 -0400
Subject: [RT] sp500 whats next
Attach is a gif of the market barometer on the bottom left chart,
the top left is the sp500,
As you can see when we went to a higher hi ,market barometer showed a bearish divergence,
More important right now its current reading is LOWER then the reading on 3/28
this suggests that the pop we have tomorrow is going to be short lived,
and strength should be sold!!
Ben
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