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Alsi

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Occasional Contributor
just when you believe there will never be a green candle again....
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19 REPLIES 19
Super Contributor
Seems the Eliot Wave Correctio(ABC) playing out to around 45000. still on cash
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Super Contributor
is this end of wave C?
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Super Contributor
Never call a bottom but after 11 days of red......the market's bias must come into contention.
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Frequent Contributor
And we heading down towards 45000
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Super Contributor
Market did same yesterday and the bulls rallied in the afternoon. Never call a top or bottom.
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Super Contributor
Trading past 46500 would be where ALSI has to go for a safe green close....
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Super Contributor
Alsi down but its a green candle!(daily)
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Super Contributor
We're all waiting for a big retrace, but when it will come is an open question. 45630 Seems to be offering good support right now. We break that, we're in trouble. The 4000 point kind of trouble.
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Super Contributor
All I hope for today is a gap close.
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Super Contributor
Gap on DOW just closed...
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Super Contributor
If 45000 on the ALSI does not hold, then we could sell off to about 42-43000 with a complicated correction( double or triple ABC zig zag pattern).
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Occasional Contributor
Time to go long . sure markets are jittery but lets go long boys or we may just miss the train .
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Super Contributor
No need to hurry as trains arrive everyday, just depends in which direction you are heading, climb on the wrong one and no doubt you'll be mugged. By the way the ticket to board any of these trains doesn't have an expiry date. Sometimes is nice to spend some time on that stationary one,you know one that is parked at the platform gonowhere.
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Frequent Contributor
45000 now a good probability??
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Super Contributor
It's close enough...ALSI about 4000 points from the high.
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Super Contributor
Yes and lower if we don't get through 45630 soon
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Super Contributor
if 45000 holds, There could be a retrace back up to about 47000(47233) which is an interesting level...with September US rate hike in question, another sell off could follow. But from Wave patterns, 47233 and 48615 are key levels on the way up...
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Super Contributor
What effect do you think a rate hike in the US will have on our market?
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Super Contributor
There may be a sell off in equities....
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