Monday, November 26, 2012

S&P Update


The Pebble Effect

H/T 'Dolemite'

The concentric circles are based on the decline AB. Note market behavior at arrows.
The following radii were used.
AB, AC, AD...AH


Pebble Effect based on 1st wave off June 4th low: AB


3 comments:

Dolemite said...

Sexy stuff dude, especially the support at price of topmost AC vs rightmost AE.... Nice observation on that one.
Also, I like the name "The Pebble Effect"

Fibocycle said...

i find it very interesting that the two charts--based on different waves locate the same pivots!!!!

Gaurav Gupta said...

Hi - can you please explain your charts for a layman like me.

Thanks!