Ok, this is my (moguita) long term count. Most belive we are in bull market, but not me. I can't count the move since 666 as impulsive. For the first time i'm presenting you the MACD and RSI, why? You may ask...well MACD is at 2007 level's and both are putting some negative divergences such as we saw at 666.
in a few minutes i'll put Filipe's count (short term).
Here it is! I'm not 100% sure if Filipe's counting this last wave like this, but i belive that he thinks this wave is done.
Good Luck!
esta é para o enslaved,
ReplyDeletecomo é que poes esses anuncios a funcionar?
isso dá alguma coisa?
gostava de por isso no meu blog... é preciso clicks ou basta um número determinado de entradas para receberes dinheiro pela publicidade?
acho que cmo temos mais de 1000 entradas ao dia não é preciso click no anúncio...
vou-te telefonar para falarmos disso...
abraço
creepy
enslaved gostava de falar contigo por causa da publicidade...
ReplyDeletedepois falo-te...
abraço
Hola,
ReplyDeleteI have only just found this blog, as i am spending a fair amount of time exploring the Blog-o-sphere as i learn to apply EW based theory along with other work I do primarily on the MACD.
I wanted to comment on what you have written about the MACD in your latesst post.
Although I tend to agree with you that the divergence currently exhibited in the MACD moving averages suggests quite strongly that a correction is in the cards, There is one factor which I beleve suggests that this will indeed be "only" a correction"
that factor is the observance I have made based primarily on lower timespans, that the MACD moving averages TEND to reach opposite extremes... roughly at the same ABSOLUTE level as previouse extreme opposite prints.
Thus in this case where you are referring to the MACD moving averages being at the same level as 2007 highs I would like to point out that in absolute terms they are only at around 50% of the extremes to the downside reached on the march lows.
I have made the MACD my "indicator" of choice" for the last three years, and it is possible that there are many things that I miss, however I would contend here that once a significant correction occures bringing the MACD mavs below the zero line, we will see a turn up again well before price reaches the march lows and a strong momentum based push to bring the MACD Moving averages up to the same level of extreme as we had to the downside in march.
time will tell of course.
i will be putting up this conjecture on my blog in the next few hours, hopefully, to give a better explanation.
Thankyou for your work
;)