Something to watch
#1
Posted 29 June 2007 - 06:33 AM
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Using a channel top...first hour hour day session is at 1512 which we have hit on globex. If by any chance we need to test the wedge top...it's at 1501.50 first hour for reference. So far globex didn't like the smell of 1512
The 50% retrace back to the low from yesterdays high(day session) is at 1511.25 which would be a hit on that channel top in the 11:30 second hour. fwiw
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#2
Posted 29 June 2007 - 07:29 AM
If we are bottoming a 2 wave this morning and we go on to make a new high on ES/SPX.....keep an eye on this for divergence and OEX makes a lower high to form a right shoulder...Some targets marked if so.
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Using a channel top...first hour hour day session is at 1512 which we have hit on globex. If by any chance we need to test the wedge top...it's at 1501.50 first hour for reference. So far globex didn't like the smell of 1512
The 50% retrace back to the low from yesterdays high(day session) is at 1511.25 which would be a hit on that channel top in the 11:30 second hour. fwiw
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Tea, on the SPX, it could still be that Head and Shoulders bottom you were projecting yesterday. Take a look at the 10 day chart, it would need to go to around 1515.
Edited by skyymaster, 29 June 2007 - 07:30 AM.
Remember this day, men, for it will be yours for all time.
#3
Posted 29 June 2007 - 07:58 AM
Sky...slightly new pattern if it's good..
with neckline at yesterdays highs approx. 1527/28. Would have a target of approx. 1562ish if good.
better shot
Edited by Teaparty, 29 June 2007 - 08:01 AM.
#4
Posted 29 June 2007 - 08:01 AM
Cheif...come on...dont' start with the [bleeeep], what's the point??....
Sky...slightly new pattern if it's good..
with neckline at yesterdays highs approx. 1527/28. Would have a target of approx. 1562ish if good.
Check my post, it just may hit the high in couple of days.
Remember this day, men, for it will be yours for all time.
#5
Posted 29 June 2007 - 08:24 AM
Edited by Teaparty, 29 June 2007 - 08:25 AM.
#6
Posted 29 June 2007 - 08:39 AM
ABC of 2..would be if the Q's need a deeper dip of this ED 5th. B wave dip. If ES takes out yesterdays highs first...doubtful
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