2 replies to this topic

[eminimee]

From the high of 671.47, OEX has ABC'ed down to a C=A (missed by two cents). If complete...OEX can take a dip in the morning but shouldn't make a new low, unless of course it wants the perfect C=A at 664.75 or the .618 retrace at 664.40. Always possible SPX could make a small new low tomorrow while OEX shows positive divergence. If the C leg is now going to be equal to the A leg of what I'm considering the 5th of an ED, then target would be 676.15, slightly lower than that if we reverse up from a lower low than today. Maybe stretching out to the very beginning of March for a top?..676 OEX would be approx. 1478 SPX.

http://stockcharts.com/c-sc/sc?s=$OEX&p=15&yr=0&mn=2&dy=27&i=p55825739825&a=89308538&r=8646.png

[VolPivots]

Could be.......

http://stockcharts.com/c-sc/sc?s=$VXO&p=D&yr=1&mn=6&dy=0&i=p05753176380&a=96950451&r=7777.png

[Frac_Man]

yes my target from 2 years ago :-)

Hank

From the high of 671.47, OEX has ABC'ed down to a C=A (missed by two cents). If complete...OEX can take a dip in the morning but shouldn't make a new low, unless of course it wants the perfect C=A at 664.75 or the .618 retrace at 664.40. Always possible SPX could make a small new low tomorrow while OEX shows positive divergence. If the C leg is now going to be equal to the A leg of what I'm considering the 5th of an ED, then target would be 676.15, slightly lower than that if we reverse up from a lower low than today. Maybe stretching out to the very beginning of March for a top?..676 OEX would be approx. 1478 SPX.

http://stockcharts.com/c-sc/sc?s=$OEX&p=15&yr=0&mn=2&dy=27&i=p55825739825&a=89308538&r=8646.png