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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
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