TINY advanced another +10% for this week as well as some another diversified services stocks I have. RPRX ending diagonal responsed +11%, China Precision Steal contracting triangle gave +9%, JDSU W3 gave today +7%. MEG closed +5% after monday +11% reaction (it actually corrected in the middle one small -4%).
Just some quick checks.
Overall “Speed of light” is not as agressive as december-january but market behaviour appears to be very much same ie. there is nothing at all happening with QQQQ or SPX Index, no-one home on there but individual stocks which are not attached for them are doing relative well – at least with picky EW hands. I think if one would prefer to do short side only it would be possible also to do that just with EW even central index would end for positive. For instance asian market bear certificates have bullish patterns but I haven´t look them more deeply and not actually so interested either – with 8000 stocks have enough work to do and scan good materials.
I have one thought for that super famous SPX based for EW drawings I made 8 months where it could offer bearish hit, for corrective at least but will post that once and if situation comes accurate. Personally I haven´t even look that index for 3 months now ;).
Here´s the LaBranche Brokers Chart. Since offered it is very much at average line with the rest which is about exact +25% advance now in about 2 months. Don´t short that one, I think it just potentially changed for W3 with daily chart degree (or then for very large A/C wave). So far it appears I bought the real bottom – there is no-one there usually since it requires time and patient before chart starts to respond.
