Tuesday, November 22, 2016
Monday, November 21, 2016
This orange fork appears to be placed correctly but I have also drawn a wider lavender fork which I expect will become more valuable after the bottom tine of the orange fork is broken.
I'm not an EW expert but I agree with Dan that this looks like the last 5 wave formation in a very long Bull market. Once again I'm becoming concerned and expect a very large downward correction to levels we have not seen since 2012. The yellow fork starts at 666 March of 2009. Once the yellow fork is broken we will know that the trend has changed.
Posted by Robert Campbell at 07:52
Wednesday, November 9, 2016
Monday, November 7, 2016
The pink fork a new alternative. I changed the color of the blue fork - it used to be pink. In my last post a couple months ago I showed that pink fork and the market reversed off the bottom tine.
I believe we still have higher to go because I think we are in the EW 5th wave to completion of many degrees.
Posted by Robert Campbell at 16:53
Monday, September 12, 2016
I've also added the white fork today. Up until now I did not put much faith in that fork and had nearly given up on the target near 1900 that has been on my charts for quite a long time. What's interesting about that fork is the way it intersects with the yellow fork right where the bearish target has been all along.
Posted by Robert Campbell at 10:07