20 replies to this topic

[eminimee]

what could be only a wave 1 of what might turn out to be an ED 5th....inverted head and shoulders target is 1590...but still looking for a possible failure at 1561.80 SPXhttp://stockcharts.com/c-sc/sc?s=$SPX&p=15&yr=0&mn=0&dy=28&i=p79673869628&a=89430406&r=9777.png



We could also fall totally apart at anytime.

Edited by Teaparty, 13 July 2007 - 02:19 PM.

[NAV]

I can gaurantee you that 1565.75 was not the top tick. We will move higher than that, but i guess we are close.

[eminimee]

??...1565.75? 1X1 would be exactly at 1556.18...high so far is 1555.10

[NAV]

??...1565.75? 1X1 would be exactly at 1556.18...high so far is 1555.10

I was talking about the ES. ES should top somewhere in the ballpark of 1570 +/- 1 point.

[eminimee]

ahh..ok..I was talking spx..

here's oex for interest

http://stockcharts.com/c-sc/sc?s=$OEX&p=15&yr=0&mn=3&dy=5&i=p03355495495&a=89308538&r=960.png

[redfoliage2]

Come on, let's pour more feuls, but not water. The DOW 14000 was the target the Wall Street boys and their Washington proxies pre-set up.

[rkd80]

Tea - you still adding shorts? or are you out?

[NAV]

TP, The more i think about it, the ED scenario is the only thing that makes sense right now, unless we accelerate huge on Monday. If Monday happens to be a red day, then your wave count makes sense, all the more given that we finished a wave 4 consolidation and broken out in a wave 5. What better way to screw with everyone's minds before begining a big correction late in the year. This market will be frustrating for both bulls and bears for at least the next 3-4 months and bias would be sideways to up. It's a great gift to swing traders and daytraders.

Edited by NAV, 13 July 2007 - 02:42 PM.

[fib_1618]

The DOW 14000 was the target the Wall Street boys and their Washington proxies pre-set up.

The MCO price objective is 14,300, and 15,600 after that.

No other upside price objectives have been given at this time.

Fib

[eminimee]

Tea - you still adding shorts? or are you out?

I've still got what I bought yesterday and bought a small amount again today....but I've been scalping es long while doing it.....if I'm right....I'll do ok with them but won't be a longer term hold as I was thinking yesterday...I'll play a wave 2 pull back with them.....I'm out if we move higher than 1558 spx for more than a nanosecond.