Well i hope it waits a bit ,Mup! bingo on the price projection of 1000.50 (and yes i went long my usual 2 es at that price) ..but the trendline at 1000 even was not touched, so im not sure if wave 4 or d if you like is complete yet! ...covered one at 1003.00 and ill hold the other with a breakeven stop ,just in case! wish me luck! cya later! :eek:
Met its min of the iv, just have to see how it acts around this these levels as it may like the look of that alt... 50% is at 991.75
Heard that August 10th is important 108 day cycle given the following: August 10th is 108 market days from the 03/06/09 low which is also the length of wave 1 from the Oct 07 high to March 17 08 low 108 x 1.618 = 175 175 days is from the wave 1 low 03/17/08 to the low of 741.02 (which i count as w3 low) 108 X 3.236 = 349.5 Oct 11 07 high to March 06 09 low is 353 days. March 06 09 low to June 11 09 high is 67 days 1.618 x 67 = 108 108 / 353 (the move from 10/11/07 to 03/06/09) = .3059 X 2 = .61 its also 108 days from the jan high to the june high. just something to watch.
Thanks Mike & ed... Got some nice benchmarks to work with... The retracements are always measured from the top of the impulse when dealing with expanded patterns incase anyone wondering on that 50% level.... clean 30 min ES
That analog from the other day also wanted some downward pressure as the high came on bar 30... So odds were on downward pressure .... There is a case to be said about the high being in going of that analog but I'd rather let the ALts be the traffic lights... That 60min analog..