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Posts by "daveo"
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Posts by Anonymous "daveo":
BUT---the ABC might only be abc of B. In other words the 5th August low might be A wave down.
I was at my bank today; there was a short queue. There was just one lady in front of me, an Asian lady who was trying to exchange yen for sterling. It was obvious she was a little irritated . . She asked the teller, "Why it change? Yesterday, I get two hunat pound for yen, today I only get hunat eighty? Why it change?”
The teller shrugged his shoulders and said, "Fluctuations."
The Asian lady says, "Fluc you white people too."
Dow and SPX, my read they did 5 down to Wednesday lows so should be W.A. Then W.B up to highs today 61.8% and 78.6% confluence with 161.8% and 127.2%. Expecting W.C down next---could go a little higher first.
Russell small caps similar position.
NYSE breadth today no big deal, opened at +2000 and sauntered down to close at +1300
Nas, take a look at your weekly monthly charts, still miles behind march 2000 highs---context.