Bulls need one more high to make the UP move impulsive . Top of wave 3)2.b at 9630, 1039, 2059 neared or overshot . Symbol Last Change % Change High Low Volume Time DJIA 9,556.21 +68.54 0.72 9,565.28 9,481.09 62,804,964 11:54 AM NASDAQ 2,064.34 +16.23 0.79 2,071.42 2,049.04 898,463,317 11:54 AM SP500 1,035.00 +9.79 0.95 1,036.50 1,025.92 n/a 11:54 AM
The first targets breached :eek: . The UP move looked impulsive . The Bulls now eye their next targets . Symbol Last Change % Change High Low Volume Time DJIA 9,599.75 +112.08 1.18 9,640.33 9,449.81 173,817,000 10/5/2009 NASDAQ 2,068.15 +20.04 0.98 2,074.78 2,049.04 2,156,250,000 10/5/2009 SP500 1,040.46 +15.25 1.49 1,042.58 1,025.92 n/a 10/5/2009
Mu, I agree with you that things are still looking bullish...at least for a while more..... I still feel the upmove from the Mar'09 lows is a correction. How far it goes is a mess right now..... The VIX however, seems to have completed a ABCDE. So it could mean there's more room for it to drop, and conversely, the indices to move up. VIX Weekly
Thanks ed, mu. The reverse Head and Shoulders is almost completed near previous top . There may be some correction , and another five waves UP , may be, may be not . Symbol Last Change % Change High Low Volume Time DJIA 9,758.08 +158.33 1.65 9,774.32 9,601.26 72,620,579 11:38 AM NASDAQ 2,108.14 +39.99 1.93 2,111.13 2,079.49 903,145,290 11:38 AM SP500 1,058.54 +18.08 1.74 1,060.55 1,042.02 n/a 11:38 AM http://bigcharts.marketwatch.com/quotes/default.asp?refresh=on&rand=7037
Long ES 1050.75 for a scalp. Stop 1047.50. Target about 1057. ESZ9 120min Landis, Any idea where's Mup?
Hi MitchWorse and third_wave! Welcome to Mu's thread! Please keep those charts coming! Ok, here's my lean on the ES..... ESZ9 30min