tag:blogger.com,1999:blog-3909505513533980987.post126519358912720075..comments2022-08-01T05:34:44.020-04:00Comments on Trader Craig's Market Edge: An Elliott Wave In QCORAnonymoushttp://www.blogger.com/profile/09362814861901777574noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3909505513533980987.post-26344111750293146662009-06-28T22:42:21.414-04:002009-06-28T22:42:21.414-04:00Dave,
Please see my post of June 26 on the Dow he...Dave,<br /><br />Please see my post of June 26 on the Dow head and shoulders top. This could play out, but until we see conclusion evidence to the contrary, I will be working under the premise that the post election year cycle is in force with a high in August+-.<br /><br />The key is not so much the current correction, but the extent of the subsequent rally, that will tell us how severe the fall selloff may be.<br /><br />At least that is how I am viewing it at the moment.<br /><br />As always, I am trading from what the market is doing, while speculating as to what it may do.<br /><br />Thanks,<br /><br />CraigAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3909505513533980987.post-40681584726939714282009-06-27T12:08:53.151-04:002009-06-27T12:08:53.151-04:00Craig, i am posting this comment here because it i...Craig, i am posting this comment here because it is your most recent post, but it is not in response to your post.<br /><br />Step back & take a look at a potential really Big Picture & a pox on both of our houses. <br /><br />There is a potential S&P500 H&S top forming to the March rally. If so, we would face an agonizing trendless July forming the right shoulder (left shoulder May 09). <br /><br />That H&S top would then break in the fall to bring us down to form a very large scale potential inverted H&S bottom (left shoulder Nov 08; head March 09). <br /><br />Both of the above would fit seasonal stock market trading & indecisive low volume trading.<br /><br />Regards,<br />davedavenoreply@blogger.com