Blog Archive

Tuesday, November 15, 2022

15 November 2022


 The yellow rectangle shows my possible target and the oval shows the target if the mid September gap is filled.  I'm leaning toward the gap being filled. Wave 3 is next.

Thursday, November 3, 2022

3 November 2022

 I'm thinking this is 3 of 3 of the first wave. 


Tuesday, September 27, 2022

27 September 2022

I don't follow META, but it looks like 5 down and a $50 gap to fill.  Even though I'm bearish overall, I think META might bounce back on a wave 2. I'll be curious to see what happens.


This year has been a slow and steady grind. It looks like wave 4 of 3 is in progress. This is just a pause at the June low of 3639.  I think the crash is still coming.
 

Saturday, August 20, 2022

20 August 2022


 All the waves for wave 2 appear to be in. The proportions fit well into the Andrews Pitchfork. If wave 3 of 1 is going to happen, it should begin with a strong drop during the last half of August.

Tuesday, July 19, 2022

19 July 2022


Looking for a huge Wave 3 reversal after the June 10 gap is filled just above 4100.
 

Monday, June 13, 2022

13 June 2022

 I have been very busy in my garden and posting on Facebook because I haven't had the time to post here, but the market has turned and I thought I would show what I'm expecting.  This is a Facebook post from a few days ago.


There is some support near 3600, and when that bounce happens it may be a good chance to save what ever is left.

The market was down about 155 today. There was a gap at the opening and I suspect that gap will have to be filled near 3890.

Friday, April 29, 2022

29 April 2022

 The Paul Pearson indicator at the bottom with white arrows is one of my favorites.  It is currently pointing down for the hourly, daily, weekly and monthly charts.  

I've added a brown area near the bottom of this chart to indicate my target.  

When the market breaks 4000, I will feel very confident that the long term trend has changed.



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