Isn't it great that 2009 could be a regional top in the year 2009 !!
During the day, I have called this DOWN wave using my own stock price development theory. Please refer to the old post here to refresh your thinking. A brief summary of my unique theory can be found here.
Next week, the market will try to confirm this DOWN wave to see if it is a false one ! If this DOWN wave is real, then an UP wave will follow at the end of the DOWN wave. More details on my predictions and outlooks for the coming 3 waves can be found in a previous post. the link is here.
Great day ! Great week ! And great month ! Enjoy !
Thanks for your sharing. have a good weekend
ReplyDeleteThanks and have a great weekend! -- yy
ReplyDeleteHave you heard of Nicolas Darvas, who famously traded $20000 into $2 million in 18 months?
ReplyDeleteWhat he developed became known as the Darvas box theory, which is what you correctly describe with your bull and bear trap consolidation ranges. Congratulations on thinking along the same lines, it works!
His decades old classic is available on Amazon and a great read:
http://www.amazon.com/How-Made-000-Stock-Market/dp/0818403969
traderrich,
ReplyDeleteI don't know Nicolas Darvas' book. Thanks for your info. I have read through it over the weekend. It seems that the "box" is quite similar with "zone". But actually, I think the "box" theory is very very rough. For example, it don't know when the box bouncing will be completed, etc. My own theory is much much better and more accurate. I will gradually share my theory with you and other friends in the blog later.