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#31 jjc

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Posted 27 October 2009 - 01:40 PM

What does your count look like off the march low for OEX? 3 waves up?


I was using 3.68 off of wave 1 length. Assuming the count is to 5.

<I have trouble getting my head around EW... I've said that before>

#32 SemiBizz

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Posted 27 October 2009 - 02:02 PM

Well... My 2 cts. The $BKX is being held up by the "TWIN TOWERS" of support... 2 highest volume highs from last spring.. May 8/11. 43.75/43.80 Highs. You will note we had EGGGSZACKTLY one close under those numbers lately and rebounded, that was September 2nd, Tested again on October 2nd. In order to prove it can go lower $BKX must get under that support... and then we have a target of 35.51
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#33 eminimee

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Posted 27 October 2009 - 02:44 PM

Well...

My 2 cts.

The $BKX is being held up by the "TWIN TOWERS" of support... 2 highest volume highs from last spring.. May 8/11.

43.75/43.80 Highs.

You will note we had EGGGSZACKTLY one close under those numbers lately and rebounded, that was September 2nd, Tested again on October 2nd.

In order to prove it can go lower $BKX must get under that support... and then we have a target of 35.51


well...I thing we are saying the same thing...did I not give the support number?..
..and by the way..how the hell are you?

#34 beahero

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Posted 27 October 2009 - 03:00 PM

Well...

My 2 cts.

The $BKX is being held up by the "TWIN TOWERS" of support... 2 highest volume highs from last spring.. May 8/11.

43.75/43.80 Highs.

You will note we had EGGGSZACKTLY one close under those numbers lately and rebounded, that was September 2nd, Tested again on October 2nd.

In order to prove it can go lower $BKX must get under that support... and then we have a target of 35.51


I've never seen one before, but that sure looks like a quadruple divergence to me. :o

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#35 eminimee

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Posted 27 October 2009 - 03:17 PM

http://stockcharts.com/c-sc/sc?s=$BKX&p=60&yr=0&mn=8&dy=21&i=p98045515664&a=89765548&are=7495.png

#36 SemiBizz

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Posted 27 October 2009 - 05:33 PM

Well...

My 2 cts.

The $BKX is being held up by the "TWIN TOWERS" of support... 2 highest volume highs from last spring.. May 8/11.

43.75/43.80 Highs.

You will note we had EGGGSZACKTLY one close under those numbers lately and rebounded, that was September 2nd, Tested again on October 2nd.

In order to prove it can go lower $BKX must get under that support... and then we have a target of 35.51


well...I thing we are saying the same thing...did I not give the support number?..
..and by the way..how the hell are you?


Yup, we're saying almost the same thing, derived by different methods... ain't that a beautiful thang?

It is something I have watched like a hawk now, because in my opinion the entire excuse for the rally since March was to reinstate the doomsday discount from September under the notion that the "Banks are Fine".

I've noticed that although SPX says it can bounce, ES is not real happy here, and it is (in my opinion) the smartest of all the indices.

The action in the $BKX says that whatever ES knows is probably in that Banker Pile somewhere...

And I am doing fine, drop in and see us at the new site some time...

B)
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#37 iloli way

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Posted 27 October 2009 - 05:49 PM

Yuppy! Great mind thinks alike.

But apparently I am no great mind, just a by-stander who posted the same thing "Financials on the edge" yesterday and got only 1/10th the hits...figured, I have problem, must. I am satisfied just be the 'never-mind' for now, LOL. :lol: (no hard/sour feelings, just musings)

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#38 fib_1618

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Posted 27 October 2009 - 06:49 PM

but "IF" you are one of the few..you would be short from at least 1100 spx

What "IF"...it's just a simple trading range with the 200 day EMA providing snapback support?

Shrug...just presenting an option.

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http://stockcharts.com/c-sc/sc?s=$BKX&p=D&st=2009-03-01&i=t77478596318&a=182024842&are=6294.png

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