Stock Market Final Word...
Stock-Markets / Stock Markets 2018 Feb 15, 2018 - 08:10 PM GMTA final word this afternoon…
It appears that this rally will last between 3:00 and 4:00 today. The reason I say that is because sometime after 3:00 the rally will have taken 30.1 hours or 4.3 days. So, as well as reaching its Fibonacci levels, the 50-day MA and Wave relationships, SPX will have made a half-Cycle of 4.3 days from bottom to top.
This may be a good time to add any short positions you may have been contemplating.
Another thought to process at his juncture is the fractal nature of the market. Fractals are self- similar, repeating patterns or waves that build on each other.
In Wave (1), Wave 1 is 54.6 points. Wave 3 is 246.00 points. Wave 3 is 4.5 times the size of 1.
It may very likely mean that Wave (3) may be as much as 4.5 times the size of Wave (1). That give SPX the possibility of a 1530.00 point drop from here.
Regards,
Tony
Our Investment Advisor Registration is on the Web.
We are in the process of updating our website at www.thepracticalinvestor.com to have more information on our services. Log on and click on Advisor Registration to get more details.
If you are a client or wish to become one, please make an appointment to discuss our investment strategies by calling Connie or Tony at (517) 699-1554, ext 10 or 11. Or e-mail us at tpi@thepracticalinve4stor.com .
Anthony M. Cherniawski, President and CIO http://www.thepracticalinvestor.com
As a State Registered Investment Advisor, The Practical Investor (TPI) manages private client investment portfolios using a proprietary investment strategy created by Chief Investment Officer Tony Cherniawski. Throughout 2000-01, when many investors felt the pain of double digit market losses, TPI successfully navigated the choppy investment waters, creating a profit for our private investment clients. With a focus on preserving assets and capitalizing on opportunities, TPI clients benefited greatly from the TPI strategies, allowing them to stay on track with their life goals.
Disclaimer: The content in this article is written for educational and informational purposes only. There is no offer or recommendation to buy or sell any security and no information contained here should be interpreted or construed as investment advice. Do you own due diligence as the information in this article is the opinion of Anthony M. Cherniawski and subject to change without notice.
Anthony M. Cherniawski Archive |
© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.