there's no real change from that last PTEN chart on page 1321 http://www.elitetrader.com/vb/attachment.php?s=&postid=2534699 Pattern on PTEN...
I'm guessing thats the bloggers or EWI view ..... :D It sealed its fate yesterday afternoon on with that dual 61.8%......
:) 987 area is the usual eyeball on the 60min time frame...... 60min ES
elo's covered the bull count :) The other option is yesterdays mischief was part of the b wave ( with those dual 61.8% being triangular...
Yep thats the second 61.8% of the day..... It could get arkward and mess about in some form of Triangle....
If the delta is in then we need to go below 998.... But for now the 1:1 will do as a first eyeball....
Now the bears can open up 998.5 if they wish....
bears need to bust 1007 to seal the deal for them... otherwise its going back up..... 5min Tarffic lights....
Now they've had the FED High of the day stops is it time again to test that 998.5 area....?(incorrect above 1012) see what you think :) 15min ES.
really zero's in on those targets ....Nothing like a 2k range to narrow things down....:D
Thats not a good sign if people are seeing a clean 5 waves...... maybe we'll have to consider this more.....? 15min
We due a turn ( medium degree) ammo, its just when the trend is up they get pushed late.... Back to the top of its band..... :) Just incase...
Not Technical at all :))) If their sweeping the band, you normall get a wide spread bar back through the band to keep the remaining locked in...
That simple 998 LIS Bulls ned to hold this..... 15min ES
Globex fail to make a new high on the over night it got upto 1015.25 That may be the first hint a delta point is in and now were in the c wave...
A step back to ponder the larger time frame... What the bears seem to be missing.... Maybe Prechter should have a re-read of his chaper 4...
We just go off the technicals...:) ) Pundits can bloviate all they want.... :D That simple blogger's cover their eyes chart....
Chart always helps .... 5min
New high :D 1018 anyone ??
Changed degree from that simple wave 4 option... So we "slid up" one degree.... for an a-b-c (below the 50% lowers the odds for this...
Separate names with a comma.