Teasing the dead zone
#1
Posted 16 August 2007 - 11:55 AM
http://www.youtube.c...8...ted&search=
We may get a short term bottom at ES 1371 +/- 3 pts.
#2
Posted 16 August 2007 - 12:11 PM
#3
Posted 16 August 2007 - 12:19 PM
#4
Posted 16 August 2007 - 12:27 PM
Hi larry,
this week had an up bias - could this week's action neutralize next week's negative bias?
german dax is at big support here at 7.200 - maybe 100 more down, but that is it IMO
so support here seems plausible
what is your forecast for the rest of the year - of course it's tough to call, but just a rough forecast
Thanks - great you're posting here!
We still have time remaining in the up bias until Monday so until then its an open possibility. ES support at 1371 +/- 3 pts has been tested and we may get a run at 1425 from here. The year, down into late Aug-early Sep, rally into November - Dec. Third quarter projected low 1398 has been "peeked" below today so until I get Septembers projections Fibonacci wave projections are the next best guide and we are within plus or minus slippage of a low. Be aware the market can simply crash from here so anything is possible to the downside now.
Larry
#5
Posted 16 August 2007 - 12:32 PM
#6
Posted 16 August 2007 - 01:07 PM
1363, top of the DEAD ZONE in sight
http://www.youtube.c...8...ted&search=
We may get a short term bottom at ES 1371 +/- 3 pts.
thanks