44 replies to this topic

[zoropb]

Level for this session is:  9 / 4.50 

[SemiBizz]

They tested that dirty 2603 today like I knew they would... now it's up to Fibonacci Pivot at 2626... we'll see if they can hold it... they got over that .618 on Nasdaq today... that sets the potential for just under 7500...

 

Bears are losing the battle... Stan Harley thinks important cycle low was put in on 12/26... on radio this morning.

[zoropb]

oh wait is that the free money spot again.  ok lets do it again.

 

Semi time will tell.

[zoropb]

Good morning all.

 

Looks like we need 1-2 small little highs after a drop smiliar to last night to 07. Then 65 area or below again. I will be loading up and staying in for the short term nuking.

Like shooting at the little fake ducks in the arcade up here. 

 

Targeting: 2 L from last night low 2602.50+18=20.50      Sure is awfully close to all those cluster targets of the big bars.  Guys even if we correct and go to say the 2688 on the year bar this is so dangerous up here. Like When I told you all in August around 2885 that yes we could go higher but in the top zone for the year and bull run for that matter.  Just putting it out there to be careful but one day at a time.

[relax]

nothing too crazy should happen before nymo is under 0

 

seems like the grind could continue for some weeks

[zoropb]

the week Lx1.25 is 21.75 also.

 

The 2621 area with a 2 week L drop puts us from 21 at 45.50+- and 1.75L week drop has us at 2554 very doable.

 

 

RE, really stretching things to the max would be Friday morning. I really doubt it though.  You got say 14+- points max up ward from last nights high to 65+ below. 4 to 1 risk on the long side short term.

[zoropb]

I think the st high is likely the one we print this morning. 

[zoropb]

Yeah it sure looks like a 5th of 5 and should complete the A wave from the lows in Dec. 

[relax]

so around 20 days for A....so end of potential C sometime in mid feb

[zoropb]

The free money zone of 2565 is still in effect. Which is anything above that gets erased until we correct.  That is why I call them free money zones.  Today is a gift and a half.  

 

RE, I think the C will be shorter in duration than the A perhaps 1/3 to 2/3rds shorter. Just because of where price is relative to all levels.  If there is an ABC of course. Again we are in the topping zone for the year.  Extreme caution up here.