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| ladyswanca | ||||||||||||||||||||||||||||||||||||||||||||
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| Commentaries (click here) | ||||||||||||||||||||||||||||||||||||||||||||
| B Complex Waves | ||||||||||||||||||||||||||||||||||||||||||||
| Updated April 16/04 | ||||||||||||||||||||||||||||||||||||||||||||
| Internal Extended Waves | ||||||||||||||||||||||||||||||||||||||||||||
| Intra Waves | ||||||||||||||||||||||||||||||||||||||||||||
| Weekly Chart & Possible Target | ||||||||||||||||||||||||||||||||||||||||||||
| Commentaries will be updated periodically when time permits. (usually by evening). |
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| Nas Waves | ||||||||||||||||||||||||||||||||||||||||||||
| Link to the Weekly Nasdaq Chart & Trendlines | ||||||||||||||||||||||||||||||||||||||||||||
| Continued from weekend thoughts Aug 22nd. Revised. Resistance 1845; 1865; 1880; 1900. "c" high could be hitting anytime, and will retest the low, and I believe it will be successful (so long as 1785 holds). If it holds, then we can expect a retest of the high. I will be adding an (A) on top of the intra high on this run, and then we retest the low, if 1785 is held, I will add a (B), and a countertrend move - continuation of the rally to retest, but watch if (B) can breach (A)., this will mark W3-4 off W1-2 @ 2055. Wave 3-4 is a subordinate wave of W1-2, and I will then presume we have not hit bottom or a significant low. I'm revising because it looks like (B) is not stopping much for retracement is looks to be completing all the counts so when we experience the impulsive correction, and a retest of the intra high of (A), then it might just be the end completion and a retest fails which then completes W3-4 or (B) high. An example of a (B) high that completes all waves without rest is April (that is the similarity wave we are on now). April MACD died out in early April so we need to check if the August will die out near end of August.. Once W3-4 is complete, I will mark it as a Minor (B). We then move on to retest the low @ 1750, but to fail. I then accummulate from 1700 all the way to 1660. Depending on the move, we may hold 1700-1690 because there could be a (c) off Minor 5. That is why I am willing to risk it. If there is a (c) of Minor 5, we will have one very good rally, better than this recent rally, which is foreseen to retest 2000. I'm getting too involved, and I can't seem to read if there is a wave at 1700, and therefore, cannot make a call, but the M formation looks to be 1660. . |
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