tag:blogger.com,1999:blog-12333088.post8919110959308659190..comments2023-11-10T05:07:19.026-05:00Comments on Carl Futia: Guesstimates on March 16, 2015Carl Futiahttp://www.blogger.com/profile/01624989905417650273noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-12333088.post-9625558509127324732015-03-16T16:15:46.943-04:002015-03-16T16:15:46.943-04:00Hi Carl
I mentioned a month or so ago that i thoug...Hi Carl<br />I mentioned a month or so ago that i thought much of the last several months looked like a middle section. <br />today i dug a bit further and thought id mention this again <br />For starters im looking at the NYA<br />because i think it has a cleaner pattern which shows the correction beginning on july 3 2014 .<br />the pattern from that point is clear . A B C to oct 15 2014 then an X wave into nov 25 2014 followed by a triangle into feb 2 2015 . that is the complete complex pattern . now looking at the middle section im noticing something a little different yet important . <br />Point C would be march 3rd 2014 <br />E F G ( PT G july 3 2014 )<br />H aug 7 2014 and J sept 4 2014.<br />using pt C, From C to J usinf trading days ( its simpler for this )was 129 trading days .<br />counting 129 Trading days from <br />the point J high on Sept 4 2014 <br />i get March 11 2015 .<br />This implies to me that we are only now beginning a new advance and that the entire move from from either July or Sept 2014 was a corrective movement .<br />My bias based on the text book pattern is that the correction began July 3 2014. and ended Feb 2<br />yet the middle section says time wise Sept 4 2014 to March 11 2015.<br />If i am right then i would expect the market to surge upwards .<br />Guess we will see how this works out .<br />JoeAdsensehttps://www.blogger.com/profile/08031892140855200123noreply@blogger.com