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E.D's

Started by eminimee , May 08 2008 06:55 AM

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7 replies to this topic

#1 eminimee

I don't care who's fur is flying...

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14,307 posts

Posted 08 May 2008 - 06:55 AM

Whether it's Erectile Dysfunction or an Ending Diagonal....both have the same problem....you just never know if you can get it up again.... :rolleyes:

Oex maybe hinting that it's top might be in...but spx "could" still make another high with an oex nonconfirmation....
ED's are a pain because you never know if it's 3 done or "a" of 5 done...or 5 is complete until the bottom parallel is taken out..
This looks good at this point...as there was overlap on wave 4....and then throwover on wave 5..with a subsequent test of DT line....TWT

http://stockcharts.com/c-sc/sc?s=$OEX&p=60&yr=0&mn=10&dy=3&i=p33636384217&a=81733615&r=2606.png

I'm hit at 1401.50 as I was typing this..

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#2 Swiss Trader

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Posted 08 May 2008 - 06:57 AM

Do you espect a retest of yesterday's low..or what?

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#3 eminimee

I don't care who's fur is flying...

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14,307 posts

Posted 08 May 2008 - 07:00 AM

View Member Profile Add as Friend Send Message Find Member's Topics Find Member's Posts Today, 05:51 AM Post #2 Member Group: TT Member* Posts: 11421 Joined: 20-September 03 From: Toronto Member No.: 99 I'm trying to short 1401.50 with a tight leash.....looking for another low this morning.....and then a long fwiw

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#4 norton

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1,000 posts

Posted 08 May 2008 - 08:14 AM

Depending on where you draw an uptrendline and in what time frame, why you can label a bull market just about anywhere. Indexes and many individual charts "look" good here, nothing wrong. So, we should want to go higher, and should blow through 1425 next trip up there. Buy right now, wait a while and see if "M" hourly SP count is filled at 1370 to buy, or buy stop into longs at 1421. Doesn't matter so much how, as much to believe being long in this defined bull "void" is the position to have. ED indeed.

Edited by norton, 08 May 2008 - 08:16 AM.

Please, help stamp out vibration.

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#5 eminimee

I don't care who's fur is flying...

TT Member
14,307 posts

Posted 08 May 2008 - 08:26 AM

Hey Norton....speaking of ED...your monkey probably doesn't have that problem...in fact....he's always smiling because he has two hands that are out of view!!

We have to agree to disagree about the intermediate term market however....I'm of ursine persuasion

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#6 milbank

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Posted 08 May 2008 - 08:32 AM

Whether it's Erectile Dysfunction or an Ending Diagonal....both have the same problem....you just never know if you can get it up again....

As with everything, I'm just going to take your word for it.

"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw

"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe