3 replies to this topic

[ogm]

[Trend-Signals]

It seems that many are still betting on a 50dma failure, but Qs will trade above the resistance.

The symmetry price action is awesome.



http://stockcharts.c...92375&r=498.png

http://www.stockchar...993846&r=66.png


http://www.stockchar...09398&r=568.png

http://www.stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=2&dy=17&i=p98670794592&a=79285156&r=938.png



Meant to say that it will likely trade above the resistances this time...

http://stockcharts.com/c-sc/sc?s=$SPX&p=M&st=1985-08-29&i=p17493977929&a=115541591&r=296.png

[Trend-Signals]

It looks like we are on Wave 3 ... on daily chart. We mentioned powerful Wave 1 relative to other wave structure.... It seems that we are starting Powerful Wave 3? Will see.

[Iblayz]

SPX daily W2 may not be complete yet. Whipsaw city. IMO will go to the sub 1420 area (1416-1418). Perfection for a launch. Blows 1432 stops. Gets the "I told you so" crowd saying....well...."I told you so....we are going back to the lows". And those who love to short weakness will do just that. Then....boom. Note: numbers could change somewhat with a move higher first thing tomorrow.

Edited by Iblayz, 29 August 2007 - 10:50 PM.