Just when you thought they couldn't ramp this up any further, the continued theory of insanity keeps coming to mind, and that's only if you have a mind left after watching this tape. Did we expect different results again? Don't be silly. I'm showing a daily chart on the Qs, coupled with DDTs DeMark chart. First up is a study I'm working on with Zig Zag on T theory, and I'm mainly testing this for timing purposes only. So, in essence, a significant top or bottom should hit intra-day on or near that pink line, and this is a chart for IWM. I know how David likes all of the pink I use on everything. :-) Good trading to you for the remainder of the session.
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Wednesday, September 30, 2009
D-wave update
just caught myself on "honest mistake" AKA eyes want to see etc...
anyhow
I was on 1120 target for a while based on daily w3 of up sequence and never bothered to double check what was the final target of C of down sequence... (my software prints C right at the moment when it is "locked" and then stops)
recalculated - C target is 1113
what does it change? in terms of points – not much, 1120 or 1113 is no biggie.
But it might change MORE THAT JUST A NUMBER.
Well - wave sequence up (green) for as long as wave sequence down (red) has not completed might be just a flick and 1120 w3 and consecutive w5 1250 targets might not hold water for as long as SPX is below 1113 of C target.
And that might sync daily and weekly counts just about now.
Does it mean that the top for 2009 is in? Of course not…but it bettering the odds yet a little bit more than before.
Posted by DavidDT at 9/30/2009 10:54:00 PM 
