mikeoakster

mikeoakster

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mikeoakster

What can I say? I can't count the rise from June as motive (impulse or diagonal), and I can easily count it as corrective (triple zig zag)… so I'm now expecting a big decline to finish the flat correction proposed in the linked idea. One can also note the bearish RSI regular divergences in the daily, weekly and monthly charts… Or not!...

mikeoakster

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mikeoakster

My prediction from last December has been confirmed and the market has reached a new all time high. At that time (in December), I was expecting a big flat correction in primary degree, therefore I was expecting the rise to new all time highs to represent the flat's wave B (the second leg of the correction). I still maintain that prediction, and, as shown in the...

mikeoakster

Regarding my last idea, it could be sooner than later... instead of reaching the 3100, it could just touch the 3000 level. Be as it may, are you ready?...

mikeoakster

Or not.

mikeoakster

...

mikeoakster

Maybe, maybe not...

mikeoakster

It will be exactly like that... or not!

mikeoakster

Or not...

mikeoakster

A degree labeling correction on the previous post.

mikeoakster

Or none of them.

mikeoakster

This expanding leading diagonal is the only bearish motive count still possible, as an alternate to the various bullish corrective possibilities: - Flat; - Triangle; - Triple zigzag. I don't favor the possibility of the market being already in a bullish motive mode, because it seems to me the overall correction needs more time to meet degree criteria. Needless...

mikeoakster

If so, it would be one more indication that my plan could have some accuracy... at least, that the market is now correcting, for then rise, probably to at least 90% of the decline from the all time high, enabling the flat corrective pattern I'm projecting since mid December.

mikeoakster

Something like that.

mikeoakster

... so good. Or not.

mikeoakster

... then what? The decline from the all time high is a 3 wave structure, therefore I see 3 possible wave counts: 1 - My main count. We are going to correct at least 105% of the decline, and we'll do it with a 3 wave structure, so that then a crash of circa 48% unfolds to complete the expanded flat pattern and take the 2016 low. Then, we'll rise for circa 21...

mikeoakster

Headed to over the roof?