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Tetres - thanks, notice LOD was set exactly at GS1, these formulas usually work very well during choppy trading ranges, like Elliot wave 4's (which I think we are in)
Data NDX Previous Day Hi/Lo: 1036 / 980
Data QQQ Previous Day Hi/Lo: 25.78 / 24.39
Opening: 1048.54 / 26.00
---------------------------------------
1118 / 27.78 - GR3
1077 / 26.78 - GR2
1063 / 26.39 - GR1
1042 / 25.89 - GR0.5
1021 / 25.39 - GPP
1014 / 25.20 - GS0.5
1007 / 25.00 - GS1
966 / 24.00 - GS2
951 / 23.61 - GS3
Tetres - do have a look at those forumlas I mentioned, they pegged the bottom today on the Q's, had predicted 24.40, actual 24.39. Personally I was too chicken to go long right at the open. I don't think this is a long term bottom, maybe a day or two at the most, maybe not even today!
http://trader.150m.com/
formulas:
http://trader.150m.com/formulas.html
Also, have a look at my cyclic chart, pointing to bottom on 7/16/02, does this fit with any of your time predictions?
http://trader.150m.com/cycle_analysis.html
Tetres - we should open at NAZ Sept21 low, based on my interpolation of NDX futures and QQQ levels premarket. NAZ1387/NDX986/QQQ24.49 is the level of alignment. You prediction of a crash sure seems to be coming true (I'd probably be long at yesterdays low if it wasn't for your comments, THANKS!!!!). The open should be very exciting it will either gap to Sept21 NAZ lows and drop like a rock or gap down and bounce.
Tetres - good call on turn window at 10am!!!! I couldn't be at my computer then, hit my 100% fibo projection on NDX at NDX1106.
--------------- Start End
Wave A - 1246 1156
Wave B - 1234 1196
--------------- NDX
Wave C Start - 1196
Wave C end target for today:
62% - 1140
100% - 1106 (hit target at 10am)
127% - 1082
138% - 1072
162% - 1050
Tetres - do have a look at those formulas at:
http://www.linnsoft.com/tour/techind/pp.htm
they work very well in ascending/decending channels like the today and yesterday. Forumulas have nailed the top and bottom so far today within 1pt on the NDX. I use an Excel spreadsheet to pull data from yahoo automatically and do the calculations in daily and weekly timeframes. I also pull daily/weekly/monthly hi/low data and run fibo calculations and look for confluence within 3pts on the NDX automatically within Excel, graphing the results, see an example graph at my website:
http://trader.150m.com
the chart for this week isn't very usefull, many times there is only a few fibo bars on the chart to the right and those few bars usually provide very good support/resistance info.
Tetres - formulas I use show the following entry points for today
Data NDX Previous Day Hi/Lo: 1246 / 1208
Data QQQ Previous Day Hi/Lo: 31.04 / 30.00
Opening: 1205.04 / 30.01
---------------------------------------
1270 / 31.74 - GR3
1258 / 31.39 - GR2
1232 / 30.70 - GR1
1226 / 30.52 - GR0.5
1220 / 30.35 - GPP
1207 / 30.00 - GS0.5
1193 / 29.66 - GS1
1182 / 29.31 - GS2
1155 / 28.62 - GS3
The formulas are at this website:
http://www.linnsoft.com/tour/techind/pp.htm
ever use them? I find that they do nail significant levels quite often, like Friday High on the Q's were I went short.
other possibility is per Mathias ewave scenario:
http://translate.google.com/translate?u=http%3A%2F%2Fwww.wallstreet-online.de%2Fws%2Fnews%2Fnews%2Fm...
wave 3 finishes at turn window today at 1290, I'm getting more like 1300, but we will see. There could be another leg up to go to Mathias 1320 target, which of course could top at turn window tomorrow.
Tetres - did you enter long on CSCO swing trade today? Was on your swing trade last over weekend, hit lower end of your entry range today.
I find it interesting that many fibo window technicians were touting the 5/7 turn window, but it did not line up with your turn windows, that I assume are calculated in shorter time frames.