Monthly Archives: September 2005

charts section

Good Morning, I’ve added a charts section covering the Objective EW labeling of the COMPX over the past 6 years. They should be a lot easier to read. Best to your day! 

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today’s action

I can now count 5 waves up from last thursdays lows … a double flat correction into today’s low … and now another 5 waves up into todays highs … support now 2118 – 2121 COMPX (see 10 day chart)  … Continue reading

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midweek update

Even though the market has barely budged off it’s closing lows of last wednesday: COMPX +0.4%, INDU +0.9% and the INX +0.6%, I feel we have seen a major bottom; and the end of the ABC correction in the COMPX. … Continue reading

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weekend update

I wrote last weekend (compx 2160.35): The minute wave 2  (abc) correction COMPX, that started Aug 02, is now in it’s third and final phase: wave A declined to 2121 on Aug 26th; wave B rallied to 2183 on Sept 12th; wave … Continue reading

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correction nearing conclusion, COMPX 2086 the low?

Over the years, the one aspect I have always found fascinating about Objective EW, is that time and time again it proved that the fluctuations in the stock market are not a random series of events. But a well orchestrated geometric progression of … Continue reading

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mid week observation

If the market can drop 2% between now and friday. i.e. INDU 10270 and COMPX 2188 It’ll be sufficiently oversold on my MMI and stochastics And probably with completed wave patterns in the INDU (flat) and COMPX (zigzag) If we drop 2% … Continue reading

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cycle wave 1932 -1937 and cycle wave 2002 – 2007?

There is a striking ongoing correlation between the progression of the current bull market in the COMPX and the bull market in the INDU from 1932 – 1937. Both, mind you, initiated from super cycle lows: the INDU crash 1929 … Continue reading

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midweek update

I posted this on the Elite Traders board this morning: 09-20-05 11:32 AM I can count 5 waves down from the 2186 high in the COMPX: 1…21642…21723…21434…21615…2140 The rally late yesterday/today brings us right into the previous wave 4, and … Continue reading

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Decline from 2000 – 2002 and current market

The price of Crude oil over $60/bbl, Gold over $460/oz, the national debt growing geometrically, an historical 11 consecutive interest rate hikes by the FED, terrorism and mother nature wreaking havoc across the globe, a housing boom bubble, and commodity … Continue reading

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weekend update

In the photos section I’ve added three charts of the COMPX: 3 year: covering the entire bull market thus far. 1 year: illustrating a more detailed wave count, and 6 month: displaying current short term conditions. I’ll be updating them … Continue reading

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