Kool.... that was smart to move your stop to break even. Preserving your capital is more important than being right. Robert
Last chance saloon that 990 area.... There pushing it to the rail after gunning yesterdays LOD stops... However at Close below 989 sets up 966.....
Are we ending (iv) here or are we about to make new lows again after a sub-minuette iv that started at 2:15pm Eastern? I'm sure that Mr. Market will tell us shortly.
By the way, a lot of the energy and coal names have lost a TON of momo and could very well rollover here HARD, should crude and the market get hit here. The OIH is at a precarious 21-day MA support level as well. 40-day MA is coming through the 101.00 level. Stay tuned.
Very dangerous right here just before the close . . . Am trying to stay away from the "short" button so that I can be FLAT heading into tomorrow's number!
They keep telling me the market's not technical.... ) Bears couldn't seal the deal while the alts are holding..... One for the Gartley timing fans.. 10min ES
Covered with a nice profit, but the market took back a lot of my profits with that late rally. Attached is an alt count or perhaps the triangle that has been mentioned is on. Robert
Anyone know what the other Elliott wave blogs are looking at so we can gauge the main stream counts?? Are they on the ED ect ...