this bounce up is
#1
Posted 07 August 2007 - 05:22 AM
The future is 90% present and 10% vision.
#2
Posted 07 August 2007 - 08:09 AM
#3
Posted 07 August 2007 - 09:00 AM
http://stockcharts.com/c-sc/sc?s=$OEX&p=10&yr=0&mn=0&dy=21&i=p49348386211&a=111082923&r=3560.png
#4
Posted 07 August 2007 - 09:08 AM
My FF is this is part of a bigger A_B_C down, and we are now in B up.
Look for more downside to come, which of course I will be shorting the hell out of for another leg to this CRASH! hehehehehhe
It would make me most happy to see a bounce up to the 1480 region. My count is wrong if we exceed 1490 SPX CASH market.
good trading.
I am favoring[ five waves down completed Yesterday A,B,C W-2 in progress. MY weekly price projection model has 1488 cash as the high for this week. It will require at least 10 trading days of up cycle for a W-2 so next weeks projected high is where the shorts can be put on.
Best,
Larry d:^)
Edited by LarryT, 07 August 2007 - 09:08 AM.
#5
Posted 07 August 2007 - 09:13 AM
My FF is this is part of a bigger A_B_C down, and we are now in B up.
Look for more downside to come, which of course I will be shorting the hell out of for another leg to this CRASH! hehehehehhe
It would make me most happy to see a bounce up to the 1480 region. My count is wrong if we exceed 1490 SPX CASH market.
good trading.
I am favoring[ five waves down completed Yesterday A,B,C W-2 in progress. MY weekly price projection model has 1488 cash as the high for this week. It will require at least 10 trading days of up cycle for a W-2 so next weeks projected high is where the shorts can be put on.
Best,
Larry d:^)
I prefer a 5 down as part of a bigger a-b-c down.
That is why I am looking for a lower target after bounce over.
That would take a peak to trough correction into the 10-15% level. The correction must be deeper than the last one according to my personalised elliot wave methods I invented.
The future is 90% present and 10% vision.
#6
Posted 07 August 2007 - 09:49 AM
Edited by Teaparty, 07 August 2007 - 09:51 AM.
#7
Posted 07 August 2007 - 10:11 AM
#8
Posted 07 August 2007 - 10:22 AM
My FF is this is part of a bigger A_B_C down, and we are now in B up.
Look for more downside to come, which of course I will be shorting the hell out of for another leg to this CRASH! hehehehehhe
It would make me most happy to see a bounce up to the 1480 region. My count is wrong if we exceed 1490 SPX CASH market.
good trading.
I am favoring[ five waves down completed Yesterday A,B,C W-2 in progress. MY weekly price projection model has 1488 cash as the high for this week. It will require at least 10 trading days of up cycle for a W-2 so next weeks projected high is where the shorts can be put on.
Best,
Larry d:^)
Thanks for the update, Larry -- you made a great call last week on the mid-week high !
Your timing forecast helps to position for OPEX.
Edited by beta, 07 August 2007 - 10:22 AM.