4 replies to this topic

[eminimee]

same with the q's

http://stockcharts.c...5215&r=5291.png

[rightside]

Loaded OEX 685 puts (sept). Time is up on this move and I look to see tremendous selling into expiration. RS

[eminimee]

yes...it could get a bit nasty from here.....although I think the low is in....a deep retest is very possible here.

Especially if my GS thoughts are correct.

http://stockcharts.com/c-sc/sc?s=$OEX&p=60&yr=0&mn=7&dy=10&i=p43228038553&a=79663062&r=5075.png

[rightside]

Tea, Your GS chart/count was quite compelling I must add. Best, RS

[rkd80]

Tea, When you draw those rise wedges, how do you choose where the top line is? I always have a hard time figuring that out where the base of the top channel is... Btw, if that is indeed a rising wedge a break to the downside will indeed suggest a pretty deep sell-off. The volume certainly suggests that this could be a rising wedge.