3 replies to this topic

[relax]

Hi teaparty

was looking at one of your charts, think it was posted two hours before the close


http://stockcharts.com/c-sc/sc?s=$OEX...8538&r=2315

you have labelled the bottom a 4 and before that there is a 3 and 5

would you consider labelling them as 1 and 3 instead, allowing for 4 up to 705 and a 5 down to 686 og 672

Enjoy your weekend!

[eminimee]

Funny you should ask....just finished this one...but its spx.

RED: A series of 1s and 2s and we have just got started...and probably means a test of Aug low s at minimum....or BLUE.. one more up/down would complete a C wave...

Still a few ways we could go...a bigger ED of which wave 2 will bottom with that C wave, (possible but not probable)...we bottom that C wave and bounce in a "b" of C in the triangle....or we go to new lows. Really have to see Monday/Tuesday for more info. With the FED in 8 trading days....I can imagine a choppy "b"....then a C down to 1470ish after FED. TWT



http://stockcharts.com/c-sc/sc?s=$SPX&p=15&yr=0&mn=0&dy=21&i=p83504482569&a=109883924&r=4959.png

http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&yr=0&mn=9&dy=3&i=p88250582328&a=113409410&r=7845.png

[relax]

Exactly need to see some more action But i think we will get some fast action would appreciate if you could post your most negative count, that is a test of august lows minimum In your second chart you indicate 1.450 could be the lows (maybe after fed) - is this the one you are going for now also, will be interesting with airedale's cycles - taking his work into consideration, your secound chart looks like the one to go for But of course we will have to see more action Are you taking into account that once again the big move down happened during opex - this should not matter for the charts, but is that fact making you less bearish? Also worth noticing, that we still have not gone lower than the 5 week bottom level of september 10, which is around 1440

Edited by relax, 20 October 2007 - 08:52 AM.

[eminimee]

My most negative count is still a C wave to at least test the aug lows...actual target would be OEX march lows at 624.