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Monthly Archives: September 2005
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!
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
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
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
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