Now things have changed.... Seems the OEX did have correct bias yesterday afternoon.... :eek: 990 ES ?
And amazing as it seems, some of the Coal names like BTU are actually up on the day. CNX is down .30 cents, ACI, off more, 4% and PTEN trading 13.83 and off 3%
looking better for that dip below $13 ------------------------------------------------------------------- Got that 990 ES bulls need to make a stand here...,otherwise a trip below 965 will be on the cards on the larger time frame.. 5min ES
In Monday's EWI short term update, apparently Steve Hochberg brought up the possibility of an Ending Diagonal being still in play, and that a move below 992.49 would confirm that the latest advance has topped. Yahoo Tech Ticker has a video of Prechter talking about how the Dollar has hit a "Major bottom. http://finance.yahoo.com/tech-ticke...r-Says-Why-That's-Not-Such-Good-News?tickers=^DJI,^GSPC,UUP,UDN,TBT,GLD,SLV
Goldman puts BTU on their conviction buy list this morning... OIH just broke the 40 day MA at 101.30 More fodder for the BEARS!!!
Thanks Mike for the links While that 990 area hold bulls still have a chance, if it goes then it seals their fate....
The correction is bigger than expected :eek: . This may be Wave 3)3.2 at 3)1 top or at 3)3.1:4, There may a rebound from here .