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5 Bar Fractal Top for the SPX


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#1 Frac_Man

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    Hank Wernicki M.A.

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Posted 02 February 2007 - 11:38 AM

10:30 am this morning , and it is confirmed .....

#2 denleo

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Posted 02 February 2007 - 11:46 AM

How low do you think we will go? more than 5 points? 10? Or will it be a huge 1% correction (15 points)? What are your thoughts? Denleo

#3 Net

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Posted 02 February 2007 - 12:21 PM

Hi Frac_Man, Enjoying watching your analysis and calls. Is your 1480 call still in play? If so, this is (I assume) a short term call then? Or, are you adjusting your forcast for 1480? Thanks in advance, and BTW, great call RE new highs that you made for the SPX, when the SPX was at recent lows, somewhere around 1418 or so (can't remember exactly).

#4 Frac_Man

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    Hank Wernicki M.A.

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Posted 02 February 2007 - 02:54 PM

12480 .................. DOW on Monday

ouch






How low do you think we will go? more than 5 points? 10? Or will it be a huge 1% correction (15 points)?
What are your thoughts?

Denleo



Yes , but we need a correction first, nothing goes in a straight line

Hank


watch out next week






Hi Frac_Man,

Enjoying watching your analysis and calls. Is your 1480 call still in play? If so, this is (I assume) a short term call then? Or, are you adjusting your forcast for 1480?

Thanks in advance, and BTW, great call RE new highs that you made for the SPX, when the SPX was at recent lows, somewhere around 1418 or so (can't remember exactly).