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#1 zoropb

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Posted 29 May 2009 - 08:58 AM

903. Z

Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#2 hiker

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Posted 29 May 2009 - 09:05 AM

hard for me to get excited about the long side while OEX 426 remains above. I would rather short pops with the current config of the OEX 60min draw 435 and 426 horizontal lines on a 60-min LINE chart,fyi

Edited by hiker, 29 May 2009 - 09:07 AM.


#3 zoropb

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Posted 29 May 2009 - 09:15 AM

903.

Z

dumped 907.50

Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#4 zoropb

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Posted 29 May 2009 - 09:22 AM

903.

Z

dumped 907.50

short 909.50

Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.


#5 mini-trader

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Posted 29 May 2009 - 09:24 AM

913 looks like the spot to dump the longs and go short

"Bottoms come fast...Tops take forever"

#6 rkd80

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Posted 29 May 2009 - 09:29 AM

903.

Z

dumped 907.50

short 909.50


Same @ 909.25, stop 912 on this one.
“be right and sit tight”

#7 dcengr

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Posted 29 May 2009 - 09:32 AM

if tea is right, and I believe he is, then you will do ok today. After all the 1-2, 1-2, 1-2.. I see a 1-2 in the minute scale that may have ended at 911.
Qui custodiet ipsos custodes?

#8 rkd80

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Posted 29 May 2009 - 09:37 AM

if tea is right, and I believe he is, then you will do ok today. After all the 1-2, 1-2, 1-2.. I see a 1-2 in the minute scale that may have ended at 911.


dc, i dont know much about EW stuff...can you translate that to ES targets?
“be right and sit tight”

#9 dcengr

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Posted 29 May 2009 - 09:40 AM

if tea is right, and I believe he is, then you will do ok today. After all the 1-2, 1-2, 1-2.. I see a 1-2 in the minute scale that may have ended at 911.


dc, i dont know much about EW stuff...can you translate that to ES targets?


Well, if his EW pattern is correct, we will break ES 875 for sure. How much more is unknown, but I think 835 ish. But I think this is a large A-B-C correction which will be a 5-3-5 move, the first 5 ending at 835, the final 5 ending around 720-730. But I'm getting ahead of myself. Thats just one possibility.

Confirmation of Tea's pattern would be a strong negative close today, gap down monday.
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#10 IndexTrader

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Posted 29 May 2009 - 09:42 AM

if tea is right, and I believe he is, then you will do ok today. After all the 1-2, 1-2, 1-2.. I see a 1-2 in the minute scale that may have ended at 911.


dc, i dont know much about EW stuff...can you translate that to ES targets?


Well, if his EW pattern is correct, we will break ES 875 for sure. How much more is unknown, but I think 835 ish. But I think this is a large A-B-C correction which will be a 5-3-5 move, the first 5 ending at 835, the final 5 ending around 720-730. But I'm getting ahead of myself. Thats just one possibility.

Confirmation of Tea's pattern would be a strong negative close today, gap down monday.


We are above that stop you mentioned yesterday. I gather you changed it?

IT