This post by Daneric40 has been promoted from StockTock Social.
Well turns out that wave 5 peaked yesterday of the second zig zag move from 741 low. Thats the problem with these zig zag moves, the upper portion channels wedgy and can fool you into thinking it has one more wave up. That is why [...]

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This post by Daneric40 has been promoted from StockTock Social.
Primary Count:
SPX is tracing a 5 wave move in the second half of a zig zag of a double zig zag structure from 741 low. The 914.66 was a 1.711 expansion of wave 1 and landed in the solid resistance bands from 912-918. The move [...]

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This post by Daneric40 has been promoted from StockTock Social.
Primary Count:
Market heads higher Monday to continue finishing out the second half of the second zig zag in a double zig zag structure.
Could the last move up fail? Sure but it would take a jarring event to do it. The auto bankruptcy almost looked like [...]

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This post by Daneric40 has been promoted from StockTock Social. As always, we appreicate Dan for taking the time to share his analysis.
Primary Count:
Markets are consolidating for an eventual push above near term resistance areas in each index. A 5 wave move up would complete a giant double zig zag pattern
Secondary Count:
Markets are consolidating for [...]

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This post by Unersaettlich has been promoted from StockTock Social.
I have to chime in with Dan, Ed and Paul here. The most likely near-term scenario still appears to be a re-test or break of the 741 low. The chart below shows that current developments do not significantly differ from other denouements of bear-market rallies in [...]

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This post by Daneric40 has been promoted from StockTock Social.
Primary count:
Today Green wave 2 traced out an ABC flat correction with the “C” leg as the end of day high. Downside should come soon tomorrow, if this is indeed the pattern.
Well 800 didn’t happen. I have learned in this market that you pick a target [...]

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This post by Daneric40 has been promoted from StockTock Social.
Primary Count: SPX is in the end stages of a zig zag 5-3-5 move up from 741 low. 910 is the target before a significant pullback.
Alternate Count: SPX peaked late Friday at 897.
Second Alternate Count: SPX is headed to a higher target of 914-918 before a [...]

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This post by Daneric40 has been promoted from StockTock Social.
Primary count:
Market is due for some correction/consolidation. Question, will that be healthy or hurtful? Gap exists back at 800. Bears are growling again I’m sure. Even a normal 50% correction back toward 800 of a huge move up is gonna feel like the end is coming [...]

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This post by Daneric40 has been promoted from StockTock Social.
These are some of my favorite wave charts. I want to show how prior to the last capitulation event (11 Oct) played out and then look at the potential how this capitulation event may play out similarly.
Key points I make on the charts:

Both capitulation events were/are [...]

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This post by Schweizer has been promoted from StockTock Social. If you’re not yet a member, you should be. The analysis from the community has been top-notch.

Each dot on the chart represents a major correction (-15%) as measured by the Dow. For example, the bear market that began in 1973 lasted 481 trading days and [...]

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