nj_guy72

nj_guy72

Re-posting for anyone who missed it earlier in the chat room... Here is a Logarithmic Fibonacci analysis assuming PRIMARY WAVE 1 was from March 2009 lows to April 2010 highs. (Alternate count is that P.1 extended to 2011 highs, but long-term fibs don't really match the structure since then.) First please review the "Fib Pinball" structure as outlined here:...

nj_guy72 Updated 

Continuing from my previous analysis (linked below). The premise behind the BLUE COUNT is that Primary 3 topped in September, and we're now working on Primary 4. Other alternate high-level counts (Red, Black) are also linked below. It's looking like (A) bottomed and we're just about completing minor A of (B). I've been looking for a top around here since last...

nj_guy72 Updated 

Good morning all. Sunday Morning PSA: Be patient, be prudent, and expect a retest. This is targeted more at those with a longer-range outlook, e.g. retirement accounts. I stumbled upon the following video last night, he covers some of the same topics we've been discussing in the chat room. Mainly looking at previous corrections (1987, 1998, 2001, early 2008, late...

nj_guy72 Updated 

Continuing from my previous analysis ("Looking for a bounce") ... we got the bounce I was looking for, so now looking for a drop to around 92 region over the next few weeks. Targets haven't changed since the original analysis -- from the 1.000 fib I'm expecting it to reach at least the 2.000 fib, completing the C wave. Based on the long-term chart and wave sizes,...

nj_guy72

Just wanted to share my medium- and longer-term road map for MSFT. This is the count my other charts ("Looking for a bounce", "Looking for a drop") are based on. Starting with the monthly (top left), MSFT in a very long term gray channel. It previously cut through the 2009 low, but price action since then has "bumped" the channel up and to the right. Zooming in...

nj_guy72 Updated 

Another possible SPX count I'm considering. This one is a little different from the previous Red Count and Blue Count, and potentially more bearish in the long-term. It's similar to the Blue Count in that it has the impulse topping in September and we're now in Wave A of a correction, but the key difference is that the Blue Count is looking for 3-wave A to start...

nj_guy72 Updated 

Just posting this here for the benefit of anyone who missed it in the chat room. This is one of the counts I've been tracking on SPX since the summer, and updating in real-time since November. The premise is that P.3 topped in January, and the subsequent run-up was a big (B) wave forming an expanded flat with the higher high in September, followed by a nasty...

nj_guy72 Updated 

Posting here for anyone who missed it previously in the chat room a few days ago. This is a count I've been following since shortly after wave ii topped. I've gone back and forth between standard impulse and diagonal, but now it's looking too deep to still be a diagonal. We got a perfect hit on the 1.764 this morning, and with the RSI divergence I'm looking for...

nj_guy72 Updated 

Just posting this here for the benefit of anyone who missed it in the chat room. This is one of the counts I've been tracking on SPX since November, and updating in real-time. Originally there were some unresolved questions about where exactly the B wave ends (11/7 or 12/3), and with the starting 1-2/i-ii of C. After this week I'm pretty confident in this...

nj_guy72 Updated 

Posting this for the benefit of anyone who missed it last night in the chat room. Recently I've been noticing the striking similarities between today and the beginning of the 2007-2008 bear market. Same fractal, same BB & MA action, and nearly the same price/time so far. Could we be following the same path?