Thursday April 7, 2016

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16 Comments on "Thursday April 7, 2016"


  1. Great call yesterday Storm! You can count on my subscription when that service begins! I made a few hundred bucks today and will set aside some of that to pay for your service whenever it begins. Hoping we will gap down or drift down to the 2019 pivot tomorrow. Can’t believe VIX came to life today!

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    1. Glad you had a good day! Great plan, always smart to siphon some profits to save or a purchase!

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  2. s/p will go up 24 points tomorrow

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    1. Based on what?

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  3. Storm, with futures ramping up, could the pullback be over since there are 3 waves down from the 2075 high?

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    1. Not likely at all. The ramp was expected in this post “If 1 of 3 is complete or nearly so, I expect 2 of 3 to retrace between 0.382 (2046.9) and 0.618 (2055.5) with a shot of seeing 0.764 (2060.8) again.” Large scale technicals have broken down and if you look closer at the waves, there is not a way to count the waves up at 5-waves.

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      1. Sweet call, bumped at 2060 and its going down since

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        1. Thanks for noticing 🙂

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  4. I don’t think anybody knows what markets will do on an hour to hour nor daily basis.its probably luck if one gets super short term direction correctly

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    1. Some luck, some skill. The smaller the timeframe, the more luck needed!

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  5. Good Call Storm I think today will hang around a bit next week the big plunge
    after that they will ramp it up again (OPEX).
    The bull will fight back so comming months will be volatile I expect the big plunge after May with lower lows..

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    1. Agree with a lot of what you said here

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  6. Hi Storm do you have a roadmap when the bear will hit agian is it going to be something like November/December 2015 before the next hit that is what I think.

    This video is interesting to watch:

    https://www.youtube.com/watch?time_continue=10&v=8GP87dgTqF8

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    1. I don’t want to get ahead of myself here. Let’s monitor the market and after a good red week or two, revisit!

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  7. Storm, I really hate EW theory. Too many possibilities! Bulls are calling for the correction to be over with an ABC where A=C of 36 points ending at 2033.80 on Thursday. Today’s gap up was wave 1 up and the afternoon a wave 2 retrace to be follow by a wave 3 gap up on Monday! From a bear perspective, the low at 2033.8 was wave A and today’s gap up was wave B and wave C down began this afternoon filling this morning’s gap up. Monday should be a gap down to end the ABC down from a bear perspective. All too confusing for me Storm! What are your technicals and market internals telling you? Which count is the likely count? According to a respected E-waver Pretzel (pretzelcharts.com), he’s favoring the bearish count. I have no clue which direction the market will take. Maybe more chop (triangle)? Looking forward to your updates. Have a nice weekend.

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    1. I’ve visited pretzel before, good poster.

      And you stated the exact reason why EW is the last thing to look at, MA, candles, volume, technicals all should come first!

      Big move is coming, check my latest post!

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