This Notch did not occur when the Double Complex NASI Top was formed in the summer of 2009. It would have been bad to have been short for too long after the first complex top since a simple bottom occurred rather quickly followed by a new upleg which led into the 2nd complex top.
Hi there, I'm really quite intrigued by your work on the NASI analysis. Can I check if your system was able to pick out all intermediate market tops and bottoms?
ReplyDeleteWould your system work if you were to use the McClellan Summation Index instead of the NASI? Thx for your time.
It's cool alright.
ReplyDeleteFor the past 3 years: tell me the dates that you define as IT tops & bottoms, and I'll tell you what the evolving system picked out.
What symbol on stockcharts.com or think or swim are you using for the McClellan Summation Index?
I need an good Elliot Wave guy to give me some info (they're aways so busy recounting waves)...where can I get the "official" EW count for the past 3 years? Thx for your time.
Hi Att, I'm afraid i'm not really an EW expert. I've only been trading for 1+ yrs so I really have lots to learn. What I'm confident is that P2 (bear market rally) has ended. In my view, Wave 2 up has ended and we are in for Wave 3 down. I believe that the market will go down hard in the next 2-3 weeks.
ReplyDeleteIs your system able to determine the type of bottom/top before it is even completed to catch the next move? Thx again.
I don't know how far down we go over the intermediate term. It looks like we go down for a while short term. I can tell between CT 1 & ST, and thus I can pick out MB & CT 2. Haven't figured out to tell between CB 1 & SB yet...
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