I think the charts speak for themselves with two scenario's...if an ED....the question is whether the first support holds for wave 2 ...or bounce first and make a lower low at critical support for wave 2.
Loosing that critical support and then the TTR looks good. Scalping until intentions become clearer.
http://stockcharts.com/c-sc/sc?s=$OEX&p=D&yr=1&mn=6&dy=21&i=p04089972867&a=109431197&r=9435.png
http://stockcharts.com/c-sc/sc?s=$OEX&p=60&yr=0&mn=5&dy=16&i=p30943091896&a=107003689&r=5916.png
OEX
Started by
eminimee
, Jul 11 2007 04:42 AM
1 reply to this topic
#1
eminimee
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- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 11 July 2007 - 04:42 AM
#2
eminimee
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- TT Member
- 14,307 posts
I don't care who's fur is flying...
Posted 11 July 2007 - 07:53 AM
Higher rates?
Haven't given up on them yet... :roll:
Whether equities react to them is the question....two ED's..?? SPX and TNX... Would mean that rates would being coming down in more of a panic fashion if both top in ED's ....sniffing recession maybe? Or we have triple topped and equities have sniffed out those higher rates already.
Pure speculation.
Click Here to see Full Sized Image
Click Here to see Full Sized Image
Haven't given up on them yet... :roll:
Whether equities react to them is the question....two ED's..?? SPX and TNX... Would mean that rates would being coming down in more of a panic fashion if both top in ED's ....sniffing recession maybe? Or we have triple topped and equities have sniffed out those higher rates already.
Pure speculation.
Click Here to see Full Sized Image
Click Here to see Full Sized Image
