tag:blogger.com,1999:blog-7562213478601242684.post6152099447760574519..comments2023-06-05T05:09:16.096-05:00Comments on Dead Cat Bounce: Dollar Index (DX) Ascending Triangle 7/19SandwichHeavyInvestorhttp://www.blogger.com/profile/11846046255928509002noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7562213478601242684.post-59246813438162845342011-07-31T15:37:22.626-05:002011-07-31T15:37:22.626-05:00Blister,
disagree all you want, there are lots of...Blister,<br /><br />disagree all you want, there are lots of views when it comes to technical signals and is probably the reason some people end up saying they are BS. I've tried working with EWs but felt like I think many do that I was always able to come up with a different count each time i looked at the chart again. <br /><br />For instance when looking at the dollar index, I do not see the ABC, as I always understood the ABC as a corrective to the 1-5 wave count. I would see a 1-5 wave count down starting with 1 being june-aug 2010, 2 peaking late aug, 3 peaking late oct, 4 peaking nov-dec, and 5 just ending in early may. With that said I would think we would currently be in an ABC corrective with 76 high being an A peak, currently hitting B and would expect a rise to C above 76. <br /><br />So yeah, dunno, this is why I stick with what I feel like I can consistently see in a chart with fib levels, divergence, and candelstick patterns but appreciate the comments.SandwichHeavyInvestorhttps://www.blogger.com/profile/11846046255928509002noreply@blogger.comtag:blogger.com,1999:blog-7562213478601242684.post-66472590881105772302011-07-29T19:17:04.597-05:002011-07-29T19:17:04.597-05:00Thanks for your postings
What happend to you guys...Thanks for your postings<br /><br />What happend to you guys? Taking a summer back? Would appreciate if you can post what trading ideas are front and center of your mind...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7562213478601242684.post-83921828926271661402011-07-25T20:53:04.147-05:002011-07-25T20:53:04.147-05:00Don't mean to disagree with your ending analys...Don't mean to disagree with your ending analysis, but my 2 cents:<br /><br />-USD tends to move in ABCs<br />-move down was not impulsive and likely was A<br />-triangle would be B up, followed by C down.<br /><br />I know it's not an EW blog, just my interpretation. Keep up the great work.blisterhttps://www.blogger.com/profile/15134417986456312557noreply@blogger.com