5 replies to this topic

[eminimee]

Taking out yesterday's highs is a big tell....Looking at the futures....looks like we should take yesterdays high out on OEX....but they could start crapping out before open...I have 1492 as resistance on ES....things look strong and OEX did come within 4 of my target yesterday...although I would have liked to have seen a direct hit. Whether the low is in or not...I'm still viewing this as a bottom of a C wave and we will be making new highs.



Click Here to see Full Sized Image





Click Here to see Full Sized Image

[relax]

great charts as always German DAX is getting close to 7.669 - a 38,2 per cent retracement from the bottom at 7.372 currrently up 2 per cent if we manage to break 7.669 we will be heading for 50 per cent retracement at 7.761 this would not rule out any big moves down, but would be a good indicator that we have found the bottom for the next weeks by the way where is da chief????!!!!!

Edited by relax_dk, 31 July 2007 - 07:09 AM.

[eminimee]

http://stockcharts.com/c-sc/sc?s=$OEX&p=15&yr=0&mn=3&dy=5&i=p09617448233&a=89308538&r=3104.png

[eminimee]

It's not pretty...butI'm hangin on to the idea....by a thread mind you.



Click Here to see Full Sized Image

[arbman]

Your 3rd wave on this last intraday count is shorter than the 1st and 5th waves...

[eminimee]

it's an ED fifth of a C wave. Plus I shifted them..

http://stockcharts.com/c-sc/sc?s=$OEX&p=5&yr=0&mn=0&dy=3&i=p50528919595&a=106624082&r=5364.png

Edited by Teaparty, 31 July 2007 - 10:19 AM.