Path of least resistance....
#1
Posted 06 June 2007 - 10:49 AM
#2
Posted 06 June 2007 - 10:57 AM
#3
Posted 06 June 2007 - 11:19 AM
Edited by Teaparty, 06 June 2007 - 11:19 AM.
#4
Posted 06 June 2007 - 11:33 AM
TP,Probably sounds ridiculous...
and I don't have time for a chart....but on a 5 min ES. Could we be bottoming in an ED 5th of a C wave. . . with wave 3 just bottomed...doing a 4 up right now....then one more low? I know.....slap me. On a 120 min chart...I have support at 1516.25 fwiw. That would be one more low if I'm counting right...possible the 5th did bottom...very small time frame.
I see what you mean. Initially, that was my guess as well. But looking at my hourly momentum charts, i think we could be in for a rude surprise on the downside today and this selloff appears far from over. TWT.
#5
Posted 06 June 2007 - 11:35 AM
#6
Posted 06 June 2007 - 11:37 AM
#7
Posted 06 June 2007 - 12:18 PM
here's a picture just in case..
Would be ED fifth of a C wave
#8
Posted 06 June 2007 - 01:37 PM
If we grab here....the ED looks good. Would like 16 es to get hit AND HOLD....however...but we did put in a slight new low. fwiw.
here's a picture just in case..
Would be ED fifth of a C wave
Overlap?