Please no guesses.....Use e-wave, trend line analysis, sentiment and priority indicators....
How far down?
Started by
traderpaul
, Sep 29 2008 11:00 AM
10 replies to this topic
#1
traderpaul
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Posted 29 September 2008 - 11:00 AM
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay
#2
atlasshrugged
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Posted 29 September 2008 - 11:10 AM
the es will find its double bottom somewhere around the 1140 area
#3
HiFiGuy
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Posted 29 September 2008 - 11:13 AM
Please no guesses.....Use e-wave, trend line analysis, sentiment and priority indicators....
I'm with Semi: 1095 is the ABC projection from the May high. I expect this to hold for a multi-week rally.
Next support should be 1000 +/-. (The 200 Monthly SMA is at 990).
Below that, I think we're testing the 2003 lows around 700 +/- 50, depending on WHEN. This is also a long term monthly trendline.
Edited by HiFiGuy, 29 September 2008 - 11:17 AM.
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#4
kaiser soze
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Posted 29 September 2008 - 11:15 AM
My FF is on the Qs. I expect 36 or somewhere thereabouts at a minimum. On a momentum basis, the power of this decline is higher than the 2006 decline, therefore I expect the 2006 lows to be tested. On an e-wave basis, I think the real 5th wave of the entire 2002-2007 bull market began after the summer correction of 2006. I expect a near complete retracement of this 5th wave ergo 36 again. Finally, the Dow, SPX & OEX have all broken below their 2006 lows-so I only think it logical that NDX will atleast restest those lows.
#5
StillLearnin
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Posted 29 September 2008 - 11:25 AM
Looking at the $VIX part of me wonders that since we broke above the level marking the previous 4 lows that we most likely want to test the 43 area. I know we got close to that the other day intraday but the 98-01-02 bottoms $VIX hit around 49 intrday and closed around 43-45. So maybe look for something like that?m Just an idea?
http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=2&mn=1&dy=0&i=p64585313435&a=142509737&r=1708.png
http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=2&mn=1&dy=0&i=p64585313435&a=142509737&r=1708.png
#6
SemiBizz
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Posted 29 September 2008 - 11:33 AM
Look this is stupid. Let's just break this down from point to point..
Next support 30 min SPX 1149.XX
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
#7
eminimee
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I don't care who's fur is flying...
Posted 29 September 2008 - 11:36 AM
I'm seeing some sort of ED of ?...that should bottom 1155/58 at around 1pm/1:15pm....where we go from there is unknown..but most likely we'll be going above 1220 for starters..
Edited by Teaparty, 29 September 2008 - 11:43 AM.
#8
beta
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lasergirl
Posted 29 September 2008 - 12:02 PM
We're going back up to 1180-1200. Beyond that ...
"Daytrading -- An Extreme Sport !"
#9
humble1
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Posted 29 September 2008 - 12:06 PM
my target for this first large A of the ABC of the larger C-wave (in progress from spx 1576) was, is, and will be spz 776. i gave a complete explanation months ago.
and lookee, lookee: we are over half way there!
i will go max-max long there. my Time targets are mid october (that's the crash scenario) or mid-december. it could take as long as the full three years, though. i am hoping the market will further inform along the way.
Edited by humble1, 29 September 2008 - 12:07 PM.
#10
rightside
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Posted 29 September 2008 - 04:46 PM
I have a couple of proprietary entries as of close:
1117 - buy on ES
1107 - daily target for ES today
1110 - Target for ES @ 8am tomorrow am
Best,
Rs
I had a small loss today as my short term programs lost today....had to turn them all off but 1. Longer term were still ok and will buy tomorrow I just am simply trying to not lose too much on this down draft.
WATCH THAT DAILY # I POSTED...YOU WILL HAVE A NICE PROFIT IN A COUPLE OF WEEKS!!!
