tag:blogger.com,1999:blog-4878316162397365683.post8145555909504349294..comments2023-11-06T06:01:49.605-05:00Comments on Principle Analysis: an Elliott Wave Blog for Forex Signals, Futures Signals and Stock Signals: The Market Gods Have Given us a Gift; Jan. 18, 2009Unknownnoreply@blogger.comBlogger8125tag:blogger.com,1999:blog-4878316162397365683.post-35958599833333121812009-01-20T17:29:00.000-05:002009-01-20T17:29:00.000-05:00Todd, did we just finish wave 1 of 5?wave 2 of 5 s...Todd, did we just finish wave 1 of 5?<BR/>wave 2 of 5 should take us to 890?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-86460341344907406622009-01-19T17:53:00.000-05:002009-01-19T17:53:00.000-05:00http://i270.photobucket.com/albums/jj112/kimmichae...http://i270.photobucket.com/albums/jj112/kimmichaelp/Mike1-3.jpg<BR/><BR/>I am using a 2 month time frame, from 11/17 - 1/17. I don't know what I am doing, but its fun drawing line. :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-86826128042188062862009-01-19T15:37:00.000-05:002009-01-19T15:37:00.000-05:00What time frame are you using on your charts? A s...What time frame are you using on your charts? A strong break and close beneath the ascending trendline at the bottom may indicate the correction is over and the next decline phase is underway. The more tests of that trendline and the larger the time frame, the more reliable the trendline becomes. And therefore a strong break and close beneath it should signal the downtrend has resumed.Toddhttps://www.blogger.com/profile/13808483934573587351noreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-8325045385758918602009-01-19T15:33:00.000-05:002009-01-19T15:33:00.000-05:00Good point. The Obama rally occuring does seem to...Good point. The Obama rally occuring does seem to have a consensus across the board. We're in a correction, and the larger trend is still down, so small nuances of the corrective rally are hard to predict. But it can easily do what you said. But whatever the structure, it should ultimately float higher in the coming days/weeks.Toddhttps://www.blogger.com/profile/13808483934573587351noreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-13327646424921799612009-01-18T17:33:00.000-05:002009-01-18T17:33:00.000-05:00Sorry for lots of post. http://i270.photobucket.c...Sorry for lots of post. <BR/><BR/>http://i270.photobucket.com/albums/jj112/kimmichaelp/Mike1-2.jpg<BR/><BR/>Just by looking at this chart, I realize I could have figure out the 3 parallel line on 1/02.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-68426173635056763202009-01-18T17:09:00.000-05:002009-01-18T17:09:00.000-05:00http://i270.photobucket.com/albums/jj112/kimmichae...http://i270.photobucket.com/albums/jj112/kimmichaelp/Mike1-1.jpgAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-86699354342849410502009-01-18T17:07:00.000-05:002009-01-18T17:07:00.000-05:00http://i270.photobucket.com/albums/jj112/kimmichae...http://i270.photobucket.com/albums/jj112/kimmichaelp/Mike1.jpgAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4878316162397365683.post-12651024927317208022009-01-18T15:50:00.000-05:002009-01-18T15:50:00.000-05:00Here is my newbie prediction. I think everyone is...Here is my newbie prediction. I think everyone is expecting a rally when Obama gets into office. But the market tend to go the opposite of what other thinks, so if everyone is expecting a rally, then I think the market will drop half way through the week and then rally. What do you think Todd? <BR/><BR/>http://i270.photobucket.com/albums/jj112/kimmichaelp/Mike1.jpgAnonymousnoreply@blogger.com