but we may need another low...fwiw...Still thinking C wave though...so another low would be the final low of C....then to new highs.
http://stockcharts.com/c-sc/sc?s=$SPX&p=5&yr=0&mn=0&dy=3&i=p25301834916&a=93322579&r=7510.png
only a 5 min count
Started by
eminimee
, Aug 13 2007 10:33 AM
3 replies to this topic
#1
Posted 13 August 2007 - 10:33 AM
#2
Posted 13 August 2007 - 10:39 AM
I think so far so good. We just passed the first test of the day.
Internals holding up rather well too, and 60 min summations are making a turn.
And daily summations are trying to make a turn finaly. Another push upwards and we're there.
At the same time put/call is high again.
#3
Posted 14 August 2007 - 08:03 AM
Tea....thanks for posting this very useful chart.
the Monday close at 50% retrace converging with the 200day ema looked last night like an ideal place for a pause in this decline, near-term or for longer.
let's see if 1447 major horizontal or lower needs to be tested first.
500k SPY block traded last night in AH at 145.02...looked like a heads-up alert to me to consider being long, and not short...along with above data.
#4
Posted 14 August 2007 - 09:18 AM
S2 is at 1440 SPX and 13125 for DJIA..would be a good area to test by 10:35 ET...65 min increment from the open