7 replies to this topic

[da_cheif]

abc correction in the spooz.....24 pts for A....24 pts for C.....stopping cold at the 50% retrace off the low of sept 18.......

[denleo]

I was looking at the same thing. I am expecting new highs in SPX, but not sure how long it will take to get there. Do you think we are going there this week, or it will take longer? Denleo

[da_cheif]

ive reached that stage in life where im no hurry........it will all come to pass in the "fullness of time"....the dow has a date with destiny......just like the amex....the nyse.....the value line...:>)

[nicolasillo]

around 1500 is the 23.6% retracement (Aug 16 low to 1539 high last week) around 1474 is the 38.8% I would favour at least a ride down to 1500 and then we see

[NAV]

From a e-wave perpective, yes it appears like a perfect A-B-C. But from a hourly momentum perspective, it doesn't appear that a bottom has been formed yet. The futures guys are being impatient, while the cash says "Wait".

Edited by NAV, 25 September 2007 - 10:01 AM.

[da_cheif]

it goes that far then the gap at 1489 shud get filled which is coincident with the 38.2 retrace off the august 16 low....dont wanna see it below 1514.75......which is the 38.2 retrace off the low of sept 10...there is a 3 gap play in place......down to 1468 ....which is the 50% retrace off the aug 16 low.........for today my hourly model will try to support the market after 2pm est.........mitigating against a severe decline is my clx analysis.......weekly oscilators......sentiment........and of course the ew structure which so far has done nothing to negate its very bullish potential.....

Edited by da_cheif, 25 September 2007 - 10:06 AM.

[eminimee]

http://stockcharts.com/c-sc/sc?s=$OEX&p=15&yr=0&mn=3&dy=5&i=p46143158212&a=89308538&r=1960.png

[LarryT]

it goes that far then the gap at 1489 shud get filled which is coincident with the 38.2 retrace off the august 16 low....dont wanna see it below 1514.75......which is the 38.2 retrace off the low of sept 10...there is a 3 gap play in place......down to 1468 ....which is the 50% retrace off the aug 16 low.........for today my hourly model will try to support the market after 2pm est.........mitigating against a severe decline is my clx analysis.......weekly oscilators......sentiment........and of course the ew structure which so far has done nothing to negate its very bullish potential.....

Ton of support at 1490 futures and if we get there near 10-08 buying it with both hands for a run at 1605 in November. What happens at 1605 is what is important to me.

d:^)