16 replies to this topic

[eminimee]

Spx should bottom a b wave this morning and will head for 1529/30 for expiration.

What happens after that is up in the air (or down on the ground)....all depends what that drop was last week.....an 1 or A down...or bottomed a 4th. . . or that 4th needs another low. I'm implying here that we haven't seen the low for this move. Scalpers paradise regardless. 35 points in 2 days ain't bad.

http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=5&dy=8&i=p13035482981&a=93045759&r=119.png

Edited by Teaparty, 12 June 2007 - 05:59 AM.

[bobalou]

hi. e. t.the vhf likes what you pted out, w/ a sm, pull back,after fri ,then higher into the 4th ???then down,,could you try to add that in your stuff,for a view ?? thx

Edited by bobalou, 12 June 2007 - 07:47 AM.

[eminimee]

"could you try to add that in your stuff,for a view ?? thx" bobalou...I'm not sure what you mean...add what stuff?

[slatedrake]

bobalou...I'm not sure what you mean...add what stuff?

sm, pull back,after fri ,then higher into the 4th ???then down,...



That stuff I would guess....

[thespookyone]

Your guess is probably better than mine, but I viewed last weeks drop as A, meaning we are in for a fair drop here.

[eminimee]

could be spooky...the only thing I'm seeing however is that the move off the bottom last week looks like 5 waves...so either an A or 1 up...needs a b or 2......what ever....I'm think at least a higher high regardless after this pull back. OEX would have to take out 690 south for me to think lower lows right now are possible. PS: Opex has a lot to do with my thinking...

Edited by Teaparty, 12 June 2007 - 08:43 AM.

[thespookyone]

Thanks for the explanation, Teaparty, now I can actually see it both ways-instead of pretending I do, lol. And, I usually give OPEX some room, as well,but, max pain on the Q's has been fairly locked up at 46. Spooky

Edited by thespookyone, 12 June 2007 - 08:57 AM.

[eminimee]

Most of today could be tight chop......with a move up starting near close. ...but that's a real FF. lol Besides...if I'm right...you should get your original target on the Q's...vbg

Edited by Teaparty, 12 June 2007 - 08:58 AM.

[thespookyone]

Most of today could be tight chop......with a move up starting near close. ...but that's a real FF. lol Besides...if I'm right...you should get your original target on the Q's...vbg

Cool, we sure are "snugged up" to that 690, though, eh?

[eminimee]

Having said all this....I've now got the 15 min es back on sell to join the hourly...hourly stayed on sell.....unless we rally hard soon.....you might be right.