1555 to 1439 today low is 116 points
a .382 bounce off today's low is 1483
check out the June lows that converge with the 1483 data point -
wil post chart later, if time permits...1484 to 1488 horizontals across June lows are visible
SPX
Started by
hiker
, Aug 01 2007 07:10 PM
2 replies to this topic
#2
slatedrake
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Posted 01 August 2007 - 09:20 PM
Good eye. Thanks Hiker.
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=1&dy=20&i=p65581567649&a=108083215&r=8587&.png
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=1&dy=20&i=p65581567649&a=108083215&r=8587&.png
Before you start trading get your brain around risk control. Know how much leverage you're using and know when to go to cash if you're wrong.
#3
humble1
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Posted 02 August 2007 - 04:21 AM
e-wavers: what about this count at-a-glance ?
the 7/30 low was wave1 off of spx 1556 ; the short rally = a of wave2, the plunge into yesterday's low = b of wave2 (part of an urgent, running correction), the closing rally = c of wave2.
prediction: the running correction is over now or soon will be. then we will start wave3 of this initial impulse wave off of the spx 1556 high.
comments ?
Edited by humble1, 02 August 2007 - 04:24 AM.
