Seems like 5 waves up has just run its course in the SPX...... the test now is whether it holds 50% or 62% retracement now...... SPY 15min chart
Mu, Even though we may have different counts, but it's nice to arrive at the same low together!:) First checkpoint for SPX is to clear 1173...
....well.... looking at the futures now, it's pretty clear yesterday's move was corrective....... :D Wondering what other tricks will Paulson...
I'm not betting on it though....:D On days like this with so much volatility and volume, my charts and even the exchange data goes...
It looks more like an ABC to me rather than a 1-2-3......:)
I believe there should be one more move down..... but the question lingering in my mind is, how far down.......:( The AIG liquidity issue has...
Yep... looks like we are in wave 4 now before a final move down....:)
well... i'm thinking it could be an extended fifth wave in the 30min INDU.....:)
Good night irene... good night irene... :D :D :D You think we gonna hit 500 points down for the INDU today? Wow! It's getting hammered...
Who's irene?
indu 30min....
If it is a triangle forming in the INDU 30min chart since 10am, then perhaps the end is near...... :D
Mup, Thanks for sharing your detailed analysis for the past few days. I appreciate!:)
Could it be wave 2 of C wave? Seems a liitle strong to me....:confused:
Are you referring to OIH instead?:D :D And yes, I think that ED count on the SPX since the Aug 11th high is becoming very very likely now.......
There seems to be some semblance of a flat forming in the SPX 3 min..... Need to see if it rebounds at about 1:1 or 127%....
...the ED c-wave option on the RUT is out..... way too deep to be an ED....:mad:
...looks like an ED c-wave on the RUT 15min chart......:eek:
Here's another possibility on the SPX.....:)
...looks like SPX may be keen to hit 1231 before resuming its upward climb.....:)
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