5 replies to this topic

[hiker]

d/t line that failed to hold during yest decline is holding back the advance right now today...

if stops are going to be run, I would think stop gunning may be for levels a few points above the d/t line...just an idea, nothing concrete

mentioned here..d/t line terminates above 1522/23...see 15 minute and this post yesterday that describes it -

http://www.traders-t...?...=71653&st=0

Edited by hiker, 21 June 2007 - 01:00 PM.

[eminimee]

a turn down from 38.25 would be perfection...C=A from the low if that's whats happening...may not get perfection...any time spx drops below 1518 now....chances are we are going to see another low

[hiker]

retest of early June low or lower?

[eminimee]

that's not clear at all......If it was a B wave top...then lower than June lows...if this is a wave 2 down of an ED...then a target of 1502 SPX if another low is needed before a 3 up of ED. Posted the two scenarios in a post called " I'm long term bullish" or something like that earlier this morning. For the ED scenario..you have to scroll down a bit

Edited by Teaparty, 21 June 2007 - 01:11 PM.

[Woody]

d/t line that failed to hold during yest decline is holding back the advance right now today...

if stops are going to be run, I would think stop gunning may be for levels a few points above the d/t line...just an idea, nothing concrete

mentioned here..d/t line terminates above 1522/23...see 15 minute and this post yesterday that describes it -

http://www.traders-t...?...=71653&st=0

d/t line similar to 200 ema on 15 min chart fwiw

[skyymaster]

a turn down from 38.25 would be perfection...C=A from the low if that's whats happening...may not get perfection...any time spx drops below 1518 now....chances are we are going to see another low

On the cash it just did !

a turn down from 38.25 would be perfection...C=A from the low if that's whats happening...may not get perfection...any time spx drops below 1518 now....chances are we are going to see another low

Just wanted to know what the another low # you were eluding to?

I see, 1502. thx

Edited by skyymaster, 21 June 2007 - 01:48 PM.