The Dutch Clown
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Woensdag 19 juli 2006 het wordt wamr vandaag 35+ graden
It is becoming a close call where it is The DJIA being in wave 5 or has completed the whole wave down. Objectively seen the preference is a wave 5 still not completed and the good thing here is that providing the DJIA moves today it will become more clear very soon. Since the wave 4 was put a bit higher yesterday the target for wave 5 was also put higher now being 10672 and that is not that for of the day low of yesterday so be aware. If we take it one wave level higher than we see that now all 4 targets (see post 1) of wave 3 have been met, yesterday the last one was taken down.
The only thing that puzzles me is the disproportional movement in the RSI (AEX that is) yesterday that tells us to watch the direction of Trading cautiously. Okay it did what it was suppose to do, but has it come down enough to overcome the thing here. So an other issue to be aware of when trading today.
A closer look at the AEX waves in more detail starting at 420,19 does not help since the wave down 443,38-422,71 does not accept sub wave labeling again something to be aware. It is just one of those day’s when all signals tell you to be careful and watch your back when trading.
S6.
I. 11.00u see graph 1
A repeat warning is in order... how disproportional can an oscillator be... also the Elliott Oscillator shows that the AEX is at a crossing where a last wave down will be typically seen... forming divergence with the wave three values of the oscillator.... and an other bit of the puzlle is the 38,2% retracemnt level that has been tackled just a few moments ago an other indication for a wave four.... it 's almost like an educational picture out of a book.
Last bit is the newly formed trend line where the AEX is below.. but it has to be said that we are above the "older" upwards trendlines....
It is becoming a close call where it is The DJIA being in wave 5 or has completed the whole wave down. Objectively seen the preference is a wave 5 still not completed and the good thing here is that providing the DJIA moves today it will become more clear very soon. Since the wave 4 was put a bit higher yesterday the target for wave 5 was also put higher now being 10672 and that is not that for of the day low of yesterday so be aware. If we take it one wave level higher than we see that now all 4 targets (see post 1) of wave 3 have been met, yesterday the last one was taken down.
The only thing that puzzles me is the disproportional movement in the RSI (AEX that is) yesterday that tells us to watch the direction of Trading cautiously. Okay it did what it was suppose to do, but has it come down enough to overcome the thing here. So an other issue to be aware of when trading today.
A closer look at the AEX waves in more detail starting at 420,19 does not help since the wave down 443,38-422,71 does not accept sub wave labeling again something to be aware. It is just one of those day’s when all signals tell you to be careful and watch your back when trading.
S6.
I. 11.00u see graph 1
A repeat warning is in order... how disproportional can an oscillator be... also the Elliott Oscillator shows that the AEX is at a crossing where a last wave down will be typically seen... forming divergence with the wave three values of the oscillator.... and an other bit of the puzlle is the 38,2% retracemnt level that has been tackled just a few moments ago an other indication for a wave four.... it 's almost like an educational picture out of a book.
Last bit is the newly formed trend line where the AEX is below.. but it has to be said that we are above the "older" upwards trendlines....
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