5 replies to this topic

[LarryT]

Since the 766 low every higher high has been overlapped by the next higher high wave sell off, a bear market wave pattern. The previos high at 888 is now observed for overlap. Notice the Fibonacci extension window at 904 for the second extension wave off the 827 wave "X" low. A typical pattern to look for goes like this. Futures are up near 909 to 913 overnight and pull back ahead of the cash open. Cash opens to 911-915 in the first 15 to 30 minutes and stalls. As 908 fails to support a mid day drop selling increases and we drop 20 points on the day. Once 888 is overpapped a drop to 820s should occur quickly. Something to look for anyhoo.

[zman]

I like it....tks for posting

[Bullryder]

Masterful!

[zoropb]

Since the 766 low every higher high has been overlapped by the next higher high wave sell off, a bear market wave pattern. The previos high at 888 is now observed for overlap.

Notice the Fibonacci extension window at 904 for the second extension wave off the 827 wave "X" low. A typical pattern to look for goes like this. Futures are up near 909 to 913 overnight and pull back ahead of the cash open. Cash opens to 911-915 in the first 15 to 30 minutes and stalls. As 908 fails to support a mid day drop selling increases and we drop 20 points on the day. Once 888 is overpapped a drop to 820s should occur quickly.

Something to look for anyhoo.

Larry good stuff

Only problem is wtf is going on with futures I went for a large short for a low 899.50 tonight ...but... later tonight it came up so fast I am still in it and no sign of stop so far.lower the stop as we go. now that I post it a pop but the lows of the day should have held.
short 904/stop trailing

Z

Edited by zoropb, 05 May 2009 - 08:55 PM.

[rkd80]

Wow..that is intense...I guess its based on the stuff hedgehawk is posting about BoA

[thespookyone]

Rising wedge at work-retrace to the base.