tag:blogger.com,1999:blog-12333088.post1664935011882422231..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: Guesstimates on January 18, 2012Carl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-12333088.post-83508564295003839402012-01-18T22:39:20.785-05:002012-01-18T22:39:20.785-05:00Hi Carl
You may not agree with this but ill give y...Hi Carl<br />You may not agree with this but ill give you my thoughts <br />basically my thoughts are if something works in its intended time period it should also work <br />out side those time periods on longer and short term chart patterns. the 3 peaks domed house pattern has proven itself to me in that regards yet for the past few years i have been trying to figure out a valid mid section count in a longer term time horizon and im begining to see signs of it .<br />this being a monthly chart which i know is outside the parameters as set by lindsay .<br />point E to H i have noted in shorter term charts tend to have equal time distances so i like to see that as a guide .<br />placing point E in sept 2009 <br />you get the basic E F G up into april 2010 . ( monthly chart ) <br />the drop that followed would be point H that came in july 2010<br />point E to point H measures 10 monthly bars and adding 10 bars you get the peak in may 2011.<br />point E to point J ( may 2011 )<br />counts as 20 monthly bars hence its targets a low point in point A <br />in Jan 2013.here is the odd part to this and weather there is anything to this in the future in regards to the mid section counts remains to be seen. point E plus 10months = H plus 10 months = J plus <br />10 months = march 2012 .i therefore<br />will label a high if it comes in march 2012 as point L and look for a 3 wave decline to unfold into year end into jan 2013 .<br />the low in july 2010 ( pt H ) tot he high in may 2011 ( pt J ) can also be conisdered a low to high to high count which would come in march as point L ; im considering this a long term asscending mid section count as apposed to your deceding mid section you spoke of back in 2010 .lastly since i noted point E to J targeting jan 2013 it should be noted yet unproven to me <br />that point G april 2010 to point J<br />may 2011 would be a top to top to bottom count into june 2012 .<br />a bounce from june into july would be labeled point M followed by a decline in jan 2013 .<br />weather it works or not remains to be seen yet it apears to look like a clean pattern using the monthly spx cash index .<br />lastly there is a short term count calling for a high on thursdays close yet it is minor to the pattern i just mentioned <br />any thoughts ??<br />JoeAdsensehttps://www.blogger.com/profile/08031892140855200123noreply@blogger.com