Since about May 20th, the VIX has been "mucking around" the 30s region. This daily perspective does seem corrective, which means, possibly...
We could have been stuck in a triangle or combination correction in the ESU9 since Jun 1st. If so, the usual suspects upon completion would be...
elo and ole, Thanks for the charts! I like them! :) Here's what i think is one possibility.... :) Above 957.50 would quite likely make it...
If SPX is taking the path of a wave 4 flat, with the C wave starting at 666.79 on Mar 6th, then the next target I'll be looking out for is about...
Possible abc? :) esm9 30min Edit: Could even be a ED c wave..... :D
Lookout for a large sell order of about 16,000 contracts in the ES now @ 941.75..... :) Hmmm.... interesting..... :)
"Stealing" some time out for a break? :D Looking at the number of hits you have on your attachments, one can estimate the number of lurkers...
Oh.... it is never too much, especially that junmai dai-ginjo grade... :D :D :D :p Since ES busted above 923.50 before Friday's close, all...
mu, That was a good post on GM in 2007! :)
Just something to think about since it went above 923.50 :) Enjoy your weekend! :) ESM9 120min
Mu, I think I still see a pretty strong correlation between SPX & OIH though..... :) It is this correlation that's giving me the hint of a...
Thanks Mup... actually I was just applying what you taught earlier in this thread..... :)
This is the "still stuck in "D" " scenario I mentioned earlier.... :) Lookout for: 1. Above 923.50 count invalid 2. If ES cannot clear above...
Thanks Landis, Will try to take note of that 10, 21 & 40 MA next time.... :)
Well done Landis! You should share your targets more often! :)
Here's what I think a truncated "E" wave of a triangle looks like..... :D ESM9 30min
Remember this? http://www.elitetrader.com/vb/showthread.php?s=&postid=2425534&highlight=thrust#post2425534 Watch 930 closely..... :D
Well.... 892 held.... truncated "E" wave of triangle? Let's see what happens now... :)
Correlation with OIH? :D OIH Daily Edit: If you think that last part in the chart is an ED fifth, then it may suggest a truncated 5th wave...
Dropping.... now to watch the 50% & 62% at 894 and 892 respectively. Bullish if they hold up strongly, else bearish to possibly 877.... :)
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