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New week, new challenge,
Published on 2010-08-23 07:23:22
I do believe there is some corrective upside still coming, even more than this, however, better to be save than sorry. Exit over the weekend long with SP enough for me in here, exit 1075.
SPX, 1062 like 1.0618 (1061,8)
Published on 2010-08-20 12:01:59
And it indeed dropped some small more.I actually bot long with this 1062 as it seems to fit for some Neely theory impulse wave behaviour to breake it as 3 only and not five, but have no idea is it going to response anything and even if it would, is it going to drop more for last hour party.Extreme tight stops and trailing is the solution.It is low-odds setup rather than any good trading setup, because there is nothing, no patterns or anything available.
SPX,
Published on 2010-08-19 18:58:43
Well, something ugly indeed came down but also something beauty was also build.That´s not end yet. There is more to come because pattern is relative big and it does have in fact ratio for response impulse depending of the cont. triangle size. There is first MACD rollover now with current bottom but it doesn´t mean anything without divergence yet. Swing down is 2.618 by size.I think it is end of B wave triangle dropping C wave(s) down. Not calling "premature" end or any kind of tsunami in
