16 replies to this topic

[dcengr]

I posted in another thread where I thought SPX 720 by next friday was a distinct possibility. How it gets there is another story, but the fractal seems to suggest it gets there pretty darn quick, with a 500-700 dow down day sandwiched in there. Perhaps Tea is right and we get a delta hedge?

[eminimee]

I'll post here as the island reversal with an ED (posted earlier in this thread) may lend credit to the top of an "E" wave of the triangle..
The Bull and the Bear from here...the bear count is on the hourly....bull count on the weekly. ....but the weekly has both possilbe targets for mid march, depending if the week of March 16th is a high or a low... At this point "if" we actually head up to the 1010 area....I believe that will be the top of an X wave as noted in the third chart here.


The Bear:

http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=4&dy=8&i=p35843395040&a=104586413&r=1479.png

The Bull...with a target of 1010ish.

http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=4&mn=6&dy=0&i=p72543837316&a=81489240&r=9452.png


Note the comment if we get a test of the bottom fork and it holds....

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=7&mn=0&dy=2&i=p08615185488&a=113972872&r=6527.png

[beta]

Agree with your second SPX chart as a very distinct possible outcome. But even under that scenario, it's possible that "B" has not finished yet, and will terminate in the mid-700's. Im targeting the .78 Fib retrace, assuming it breaks 800. That would place "C" around 980/1100 (timewise, the second target would be around May/June, which roughly correlates with the Bradley model).

Edited by beta, 02 February 2009 - 02:42 AM.

[eminimee]

Agree with your second SPX chart as a very distinct possible outcome.

But even under that scenario, it's possible that "B" has not finished yet, and will terminate in the mid-700's. Im targeting the .78 Fib retrace, assuming it breaks 800. That would place "C" around 980/1100 (timewise, the second target would be around May/June, which roughly correlates with the Bradley model).

This market has been full of fakes....a mind field placed in quick sand.....so nothing will surprise me. If the triangle turns out to be a fake out...I don't think the low will be as low as you think for "B"...(if B isn't finished that is)...
..a fake punch on that hourly shouldn't go lower than 790...below 790 then I think the bottom fork is in play at least...noted on that third chart.

[eminimee]

Few other things I'm watching fwiw..
http://stockcharts.com/c-sc/sc?s=$SPX&p=30&yr=0&mn=2&dy=0&i=p61564689205&a=88408952&r=2789.png

http://stockcharts.com/c-sc/sc?s=$BKX&p=60&yr=0&mn=4&dy=3&i=p98724604082&a=89765548&r=4532.png

http://stockcharts.c...9480&r=4158.png

[eminimee]

http://stockcharts.com/c-sc/sc?s=$SPX&p=M&yr=20&mn=11&dy=29&i=p24995734351&a=90720826&r=1239.png

http://stockcharts.com/c-sc/sc?s=$OEX&p=M&yr=20&mn=11&dy=30&i=p06408734985&a=155752773&r=2928.png

Edited by Teaparty, 03 February 2009 - 07:45 AM.

[eminimee]

http://stockcharts.com/c-sc/sc?s=$OEX&p=60&yr=0&mn=3&dy=3&i=p60577350307&a=81733615&r=6227.png