TGIF April 8, 2016

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7 Comments on "TGIF April 8, 2016"


  1. Storm, with the strong internals, how close are your signals turning back to BUY? Thanks.

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    1. Not very close at all, would need 2 or 3 more bullish days

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  2. didn’t say it would hold

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  3. Storm, With how small wave 1 is down, could we still be one degree lower. Meaning we are turning into 3 of 1 of 3, rather than 3 of 3. Looking at Fib Ratios, with wave 1 being only about 50 spx points, this point to wave 3 being ~210 points at the most (4.23*50). Since the larger degree 1 of 3 in total was ~300 points, it seems the math doesn’t work to make this the big wave 3 of 3 quite yet. I think the big three of three will come in early May, and we work out a wave 1 and 2 through April.

    Total Wave 1 most likely needs to work at least to 100 spx points if not closer to 160, to get us the projected wave 3 of three based on wave 1 of 3’s 300 points.

    Let me know if I need to post a chart if the different degrees I am talking about do not make sense.

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    1. Yes and I agree. The 3 of 3 I am talking about is of a lower degree of what you are describing. Next week should be funs for da bears!

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      1. Reviewing charts of last few decades…… Always seems to be twice a year,subject to bear markets ….BUT will. This year be but that a rubber band correction to further fuel the bubble that may not burst for a few more years…….Any opinion on subject would be most appreciated

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        1. We’re in a bear market. Check the Hindenburg Omen Link under techniques for more information

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