has anyone bot a "big one" for the breakout to the upside?
breakout in SPX
Started by
tommyt
, Feb 25 2008 11:05 AM
19 replies to this topic
#2
eminimee
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I don't care who's fur is flying...
Posted 25 February 2008 - 11:31 AM
You are early if that's the plan..
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=5&dy=21&i=p62234331804&a=79672211&r=5950.png
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=5&dy=21&i=p62234331804&a=79672211&r=5950.png
#3
denleo
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Posted 25 February 2008 - 11:31 AM
I think S&P needs not only to break, but close above 1370 in order to consider this action a break out. Also, it would be helpful for the bulls to take banks up. So far the rally looks kind of stupid.
Denleo
#4
eminimee
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I don't care who's fur is flying...
Posted 25 February 2008 - 11:33 AM
...I failed to mention that "e" doesn't have to go all the way to the bottom TL...it can bottom anytime....
....again..if the count holds water. I'm thinking that "e" on ES may bottom in the 44/48 area if 1356 fails.
Edited by Teaparty, 25 February 2008 - 11:36 AM.
#5
Mr Dev
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Posted 25 February 2008 - 11:44 AM
You are early if that's the plan..
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=5&dy=21&i=p62234331804&a=79672211&r=5950.png
So Tea you do see a 1 and a abc...darn I think I erased the 1 scenario from my post to you last night..
because I then posted up that RUT chart instead and changed my question.
P.S. did you even see it yesterday?
As this is the possible action I am looking for from the RUT.
tia
Edited by Mr Dev, 25 February 2008 - 11:45 AM.
.. .. ..
Mr Dev
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.....timing,..... is ....everything !
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#6
milbank
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Posted 25 February 2008 - 11:47 AM
All I know is this morning was neither the pop nor the drop I was expecting. I took a flyer when everthing started going up again, had a good run and got out and thanked my lucky stars. I'm going to wait before going in again one way or the other as today isn't running like I thought it would. I don't feel comfortable doing anything more at this point.
Edited by milbank, 25 February 2008 - 11:50 AM.
"The power of accurate observation is commonly called cynicism by those who have not got it."
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#7
eminimee
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I don't care who's fur is flying...
Posted 25 February 2008 - 11:51 AM
Yeah.. I saw it....possible 4th on RUT that needs higher with a "c"....I agree with the direction...but not neccessarily with the count....but I'm not following rut so shouldn't comment. All I know is that I'm looking for "UP" and focused on the tri on oex mainly.... the bigger count is secondary....just trading short term.
PS: That wave 1 would be of a big ED C wave....but that's really a thought way back in the back of my head at the moment...just put it on there as possible
Edited by Teaparty, 25 February 2008 - 11:53 AM.
#8
SemiBizz
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Posted 25 February 2008 - 11:57 AM
You guys better get on the phone with CNBC and cook up a new rumor... this one is starting to stink up the place... 
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#9
NAV
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Posted 25 February 2008 - 11:59 AM
I think S&P needs not only to break, but close above 1370 in order to consider this action a break out. Also, it would be helpful for the bulls to take banks up. So far the rally looks kind of stupid.
Denleo
I agree.
#10
SilentOne
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Posted 25 February 2008 - 12:01 PM
I think S&P needs not only to break, but close above 1370 in order to consider this action a break out. Also, it would be helpful for the bulls to take banks up. So far the rally looks kind of stupid.
Sums it up I think.
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
