Perfect !

Gap fill and acceleration = ES 1390, as i said in my morning post. We hit ES 1393. 1390 should get tagged somtime in the overnight session. You gotta love TA.

yip..love ewave....as long as I'm right... My favorite number is still 640 oex fwiw

http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=10&dy=3&i=p32870038364&a=124643024&r=7679.png

Well boyz, pray tonight for a big gap up! Maybe Ben will throw in the towel here. We're certainly, under normal circumstances due for some kind of a bounce. But, don't expect much... even if Ben caves for 1/2 point, the longside is just a trade. We are going to points south of here beginning with the retest of the August lows on the Nasdaq... 2386. I see quality of volume here and no reason to stop this bloodletting at all. I hope you can use my price targeting, it's been kickin butt for me.

Gap fill and acceleration = ES 1390, as i said in my morning post.

We hit ES 1393. 1390 should get tagged somtime in the overnight session. You gotta love TA.

nice one!

I thought you were calling for 1453 on a move above 1431.50. Did I miss something? IT EDIT: Nevermind, I see you made a post afterwards that said if the gap filled and then accelerated we could go to 1390.

Edited by IndexTrader, 08 January 2008 - 05:41 PM.

I bet Benny is scratching his beard furiously trying to figure out what to do. On one hand, Gold & Oil are hitting new highs along with US dollar declining steadily. On the other hand markets ar down 10% and housing in funk. I bet he is flumoxed.

Edited by pdx5, 08 January 2008 - 06:12 PM.

I thought you were calling for 1453 on a move above 1431.50. Did I miss something?

IT

EDIT: Nevermind, I see you made a post afterwards that said if the gap filled and then accelerated we could go to 1390.

Firstly, we did not jump the creek, i.e gap-up above 1431.50 at the open.

I thought you were calling for 1453 on a move above 1431.50. Did I miss something?

IT

EDIT: Nevermind, I see you made a post afterwards that said if the gap filled and then accelerated we could go to 1390.

Firstly, we did not jump the creek, i.e gap-up above 1431.50 at the open.

Evidently you're telling me that when we opened at 1430 instead of 1431.50, and then rallied to 1437.50, your bullish forecast of 1453 was off????

IT

I thought you were calling for 1453 on a move above 1431.50. Did I miss something?

IT

EDIT: Nevermind, I see you made a post afterwards that said if the gap filled and then accelerated we could go to 1390.

Firstly, we did not jump the creek, i.e gap-up above 1431.50 at the open.

Evidently you're telling me that when we opened at 1430 instead of 1431.50, and then rallied to 1437.50, your bullish forecast of 1453 was off????

IT

IT,

That's not correct. Let me clarify. The fact that we did not open above the gap resistance means, i did not get the pattern confirmation i was looking for. But it was still a double bottom nevertheless. The market could still have rallied to 1453. The failure on 30-min momentum at 11:30 est and the subsequent gap-fill, confirmed the double top scenario projecting the ES 1390 level.

Edited by NAV, 08 January 2008 - 10:01 PM.