mittwoch, page-8

greetings all y'all...

Now as we know i am a short term player, so no bulls getting upset by what I is about to say here...

Firstly... would not surprise after the flattish lead from wall street that we have a flattish day here, though hopefully with a few loops n curves for the faster among us to make dat profit.

Personnally I reckon we have a very high chance that the 3950 high is an interim high for a bit.

The 4 trading day rise, from 28th to 30th, followed by the next rise from the last day, are very close to equidistant, that is close to 180 points or so each.

This makes me v suspicious and suggests to me that we may have traced out a potential corrective structure (three wave) that is that price could go back down to the 3675-3650 level.

Also if we count waves from the march low (hourly), we might have just completed a 7th wave into may and this is an area where a trend will often change/turn, even if only for a short while. this latter is open to conjectureas one could conceivably say that the wave count finished mid april and we are on a new one... meh.. still learning how to count waves.

Obviously, I hav no idea, and a break of mondays highs will lay waste to my conjecture.

Also on a larger time span note (Daily)

The rise up from the march lows has been divergent from the MACD Histos from roughly the level of 3530 or so...

We aint turned yet, we may still see some blowoff here and my longer term targets of 4050 odd are still to be met to the upside... me however, right now, am very closely looking at how price will deal with the downside level of 3880 - if we test it, and if we break it, methinks the above mentioned 3650 is level will be met.

On a moon type of viewpoint, I note the moon is still waxing and looking at it last night has about a week and a half to go to full.

that time wise may nicely coincide with a top if we continue to charge.

also, flukeish, but the new moon of two or so weeks ago seems to have done it's bit to add power to a rally.

;)