PRS LIVE 4.2 DERIVATIVE MAP

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THE WEEKLY HISTORICAL FRACTALS REALLY SAY MASSIVE CORRECTION BUT 45-MIN BARS SAY IT CAN'T BE WORSE THAN 1665 BEFORE A STRONG CORRECTION BACK UP. I TRUST THAT THE MOVE TO 1670 WILL LOOK LIKE THIS BY 9/04.

So we are going down, but probably not straight down because the the short term trends do NOT allow that to to be forecast. I determine that by looking through the waves and their relative positioning. If I add it all up, I get this move first. I need to see what it looks like getting there to determine if we get another push to to 150 (and no that does not change bull market thesis, you can confirm through historical price action). And again, PRS is an intermediate trading system 3-week trades are pretty common.

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typo*: another push to 1500 (not 150)

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PIVO COMPARISON 2006 - 2011- 2020

So this much we know, we are at a top or a topping process. That much we can say very confidently bc of the unstoppable run since 1450 to 2075 that's 42.5% points in 5 months. By any analysis, we are over extended and was in need of correction. We know bc we got a 10% move already. So is there more?

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I will note that the best analysis will fail should the market simply perform in a different manner "as it usually does". For this you analyze with the understanding that THE ONLY CONSTANT IS CHANGE AND ONLY CHANGE IS CONSTANT.

The chart above is how I do volume comparison. Because most of the methods I've seen I don't even want to use because they provide no real information. Top is regressions for price and bottom is regressions for volume as related to price, meaning the colors match for top and bottom. Dash line in PIVO (Pham Infinite Volume Oscillator) is h-line like any volume-derived oscillators. This is 12 hour bars for tops in 2006 and 2011 and presumed top for 2020.

That said, look at the black arrows first, they approximate where we are with respect to each chart. In each situation, we have topped and have proceed to make the first bounce. What can we steal from this if anything? If price intends to double top, it usually makes its intention known by holding the the blue volume layer on top of the red volume layer. That is to say that "momentum of buying must be consistent" enough to make price do that. --- to be continued, will add later...

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HERE IS 2006 WIDE SCREEN



HERE IS 2007 DOUBLE TOPS - Note that after the crossing, price MOVE DOWN FIRST BEFORE REBUILDING MOMENTUM for another top. Again with the second top, crossing indicates more selling.

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HERE IS END 2007 - 2008, again same as the previous chart

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2009 - note that the "skinny black line" leads the the blue wave and that the black line MUST CROSS ALL THE LAYERS AND GO NEGATIVE IN ORDER FOR THE BLUE WAVE TO CROSS THE RED WAVE GOING DOWN

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2010 - EXCEPTION TO THE RULE? Sure if under the right circumstances:

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May 2010, look at the dark gray wave moving up past the purple wave, this setup is very specific, and usually produce a type of quadruple top.

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Some notes:

The first of these charts I posted above had squares at the top to mark the change of the blue wave for price. I could detail that, but let's just say it doesn't look good. In fact, if I look at the weekly regressions to trace the break out origin on a 10 year time frame, I get this:

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HERE IS THE ZOOM OUT, so you get what I mean by 10-year time frame:

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Have a better method now to do these giant abcs. Hope I get a chance to put it up.