Sunday, October 9, 2011

Heard on the Street: ES_F, DAX, CAC40, Australian All Ordinaries, Taiwanese SGX, Canadian Loonie, Swiss Franc

5 comments:

  1. Hi Mike....great video again. One question on the CAD analysis....you indicate that a flat is unfolding where wave b is a typical 90% retrace of wave a but wave a is shown as a 5 wave sequence.....shouldn't it be a three if a flat is playing out? Thanks. Jim

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  2. Hello Mike, always enjoy your videos, great work !
    Thanks, Sam.

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  3. Jim - My bad... You are correct in that I have w.A circle as a five wave decline and the assumption that a flat is unfloding would be an incorrect interpretation on my behalf. Direction is correct.

    I will need to go back and look at the structure of w.A again because I'm fairly confident of w.B labeling but the retracement is too deep for an implied zig-zag.

    I'll post a corrected chart later today.

    Thanks again.

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  4. Great video, great work!
    Thanks, ndh

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