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Ambiguous double top…

Posted on Jul 21, 2019 by .

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http://schrts.co/wuWAJSNw

This double top is 588 points deep.  That forecasts a downside target of 1763.  IF…  If it is fulfilled and if its significance has not been canceled by the two waves at the end.  Wykoff practitioners might interpret this latest wave as a UTAD (or upthrust after distribution).

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Posted on Jul 05, 2019 by .

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http://schrts.co/ZSynMrVZ

A

As is obvious from the chart,  price has broken out from the stutter step it engaged in at the prevous high and is giving a buy  signal.  We will be adding on to our position.

http://schrts.co/RZDZHKZs

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On the razor’s edge…

Posted on Jun 23, 2019 by .

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http://schrts.co/qdvDsUSv

By a hair prices have made a new high.  This awaits confirmation.  Elements to consider:  Climax like volume; Flag formation is not complete and has more upside in it; Confirmation should ignite a strong new wave; Is this the top of a second wave of a double top pattern?

Confirmation is a strong buy signal. (will be)

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Flag?

Posted on Jun 17, 2019 by .

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http://schrts.co/JEQNCtsv

This powerful upwave appears to stall over the past five days.  Or perhaps it’s not a stall but a  flag.  Flags have the function of replacing a correction or downwave.  And they are very bullish.  Edwards noted that “the flag flies at halfmast”.  That would mean if the price breaks up we would look for a target of (approx.) 3045.

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Buying signals…

Posted on Jun 09, 2019 by .

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The market is showing all the signs of breakout.  Here in the SPX it looks like we are seeing a stong zeta wave breaking the downtrend line.  We added to our position.

http://schrts.co/sdmeBxiV

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