Are you mental? He posted that after the close last night. In other words, AFTER THE MOVE ALREADY HAPPENED.
That wasn't a move, that was a beginning What market were you watching today? The move has just begun. A little back and fill on monday-tuesday maybe Then off to the races again!
nice wave count on paper I admit but these waves have a habit of flipping you over you may be right but this market can go either way and makes it very difficult to get on board so why bother ?
This has been one of the most lack luster trading enviorments in the past 10 years. The SP500 has been mired in a tight range for the past 11 months. 3 month % change 3.15%, 6 month % change 4.08% YTD % change 1.39% 10 month point change + 54.99. Running in circles with an ever so slight upward slope.
Don't have to. But then again you obviously have a difficult time reading. As indicated above, a close above 1230.70 was needed to set the bullish tone for weeks to come. We never closed any higher than 1228.81 last week. Close, but not good enough.
Whatever dude... now find a way to dig yourself out of this call. He can start a thread calling for a moonshot on the S&P and now because it didnt close 2 points away from some price level.. all his great analysis is completely moot... Bottom line is that eliot wave, fibs and the other crap is just a bunch of BS... all the professional traders already know this.... I know many institional traders and they think the same... There is no edge in your analysis... --MIKE