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LOL..as I said before..it's got a mind of it's own...nothing on the earnings report...then it just rocketed..up 22 as I type..
It's got great moves..but it's a bitch to figure out how to capitalize...
....I don't believe it's really long term bullish yet though
http://stockcharts.com/c-sc/sc?s=CME&p=W&yr=5&mn=6&dy=0&i=p87771083670&a=124734699&r=92
http://stockcharts.com/c-sc/sc?s=CME&p=60&yr=0&mn=3&dy=1&i=p15247296386&a=116011602&r=3993
HELLO EVERYONE....
Here's your bull picture....
http://stockcharts.com/c-sc/sc?s=$SPX&p=15&yr=0&mn=0&dy=8&i=p00272663009&a=109883924&r=9159
..and how it would look on the hourly...left was 817 ..sound familiar?..
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=4&dy=8&i=p35843395040&a=104586413&r=4131
right..
ABC from the top...or something more 3ish...if we hold the neckline I'm drawing..or that little TL just above...then we may get a triangle B wave....break the neckline and I think we are in a a three down...with first target of 362...hit that target would look like a 1,2,1,2 of the last wave down...
http://img246.imageshack.us/img246/1146/eurod935.png
PS:
834.50 between 11:30 and 12:30 eastern time is pretty key..SPX that is...
Can I ask you how much margin you have to expose per put to do that? TIA
?????...not yet...ES has though
Key support for ES ....835...then 829...below 829 we'll be taking out this weeks lows....then watch 817/820 SPX...a must hold area..if not..800 SPX likely...
Thank you to the two of you ...it's nice to hear that sometimes....
BPNDX
Watch it if she falls back below 70...also a possible double top shown on the weekly.
http://stockcharts.com/c-sc/sc?s=$BPNDX&p=D&yr=6&mn=6&dy=0&i=p18573126256&a=87769691&r=7095
http://stockcharts.com/c-sc/sc?s=$BPNDX&p=W&yr=8&mn=6&dy=0&i=p63303394302&a=28995507&r=7510
My favorite chart right now..
http://stockcharts.com/c-sc/sc?s=$OEX&p=60&yr=0&mn=8&dy=0&i=p04229052969&a=79663062&r=4990
http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=7&mn=6&dy=0&i=t22793825410&a=57601821&r=5520
there are obvious things that have to happen on a few things on this chart to get any higher than we have been already on this run from the bottom...
CME hourly looks precarious and reports this morning..
http://stockcharts.com/c-sc/sc?s=CME&p=60&yr=0&mn=3&dy=1&i=p15247296386&a=116011602&r=7128
...might be a channel thing goin' on with the weekly too
http://stockcharts.com/c-sc/sc?s=CME&p=W&yr=5&mn=6&dy=0&i=p87771083670&a=124734699&r=9193
But I've learned two things the hard way...don't sneeze when farting....and CME can do anything it wants....one of the toughest stocks to chart.
It tried everything to knock me off the count....but those nonconfirmations...although small were really important..
have my 15 min sell on oex..this is going to get ugly
I smell toast
my counts are bearish...they are telling me the tops in....and the next move is either a C wave or a wave 3 down..I believe we have topped either a B or 2 wave on spx today....either one will be fast an quick....just one will end before the other..lol....but does mean we'll take out this weeks lows ...the spark should come with someone screwing up earnings....
..above that oex zone I gave earlier...then I'm most likely wrong...404 being the top end of the zone and 401.50 the bottom
yes..interesting number..
we just tagged the April 17th high on NQ..no new high..but NDX made a slight new high......and we are turning tail...
..and OEX no new high on the day...small things I know...but bearish..if things remain the same.
I'll clarify..I'm beared up without any intermediate type positions....I've been scalping too....but I want to get another 15 min sell to get those real bear positions on..
PS..either way..I'm pretty beared up here..
small things amuse me...oex still hasn't made a new high on the day...it actually tagged it's morning high at 401.09 so there is a possible DT in play....I'm still wondering if NQ can make a slight new high (over it's May 17th high) without oex confirming...
but the nonconfirmation for the day exists so far with spx making a new high on the day without oex...
because that's not the wedge I'm referring to..I'm talking about the bottom of a wedge drawn from the April 15th low through the April 21st low....here..try it again.. it's a downsloping wedge.
http://stockcharts.com/c-sc/sc?s=$BKX&p=15&yr=0&mn=0&dy=7&i=p73001055142&a=130869456&r=3882
?
I'm drawing the bottom of the wedge through the April 21st low...the other little thingy is showing short term support...that's not the wedge I'm referring to...if that's what you mean
Let's see if we have a wedge
http://stockcharts.com/c-sc/sc?s=$BKX&p=15&yr=0&mn=0&dy=7&i=p73001055142&a=130869456&r=8386
can't read your mind...on what?..Timeframe..and what TL's?
the result may end up the same...but as far as the pattern is concerned....the neckline should be at maximum parallel...in most cases the necline slopes up from left to right...in other words the neckline is usually higher on right shoulder.....they never slope the other way...all fwiw
397 OEX is pretty key....we start getting below that and it's going to turn the 8ema into a kiss from below to the 34ema on the oex hourly...and that's "usually" a bearish set up..
it won't be heathy at all if OEX get's back under 396..and especially under 395
Well with your sense of "powerful"....A four cylinder Toyota Rav must get you pretty excited...
....I just don't have a good feeling with this price action....but you must have gathered that already..
My wet dream would be for NQ to make a slight new high over 1362.50 while either spx or oex make a lower high on the day..later this afternoon..
fwiw...the C=A on oex is at 401..plus or minus a dime or two..
..which also happens to be the .618 retrace. If we get over 404..I'm pretty sure this count gets tossed out..
http://stockcharts.com/c-sc/sc?s=$OEX&p=60&yr=0&mn=2&dy=3&i=p67222480578&a=107003689&r=8118
here's a picture of what I'm thinking...but that C wave might count better with another high fwiw
http://stockcharts.com/c-sc/sc?s=$SPX&p=15&yr=0&mn=0&dy=15&i=p67271658984&a=89430406&r=2540
I'll tell you this much...if OEX moves above the 401.75/404 zone....I'll be more neutral than bearish...maybe even bullish
on a side note...just wondering why you say that...do you know something? Not saying you are wrong ...just wondering what your reason is. TIA
ES high so far happens to be a perfect C=A off the low earlier this week fwiw....
..Sooo...if I'm right..that B or 2 wave just ended...if we start selling off hard....there is a good chance I'm right
ps...and this is C of that B....it's strong and has the feel of a C wave at least....
yes..I'm talking the most recent high
TWT..obviously I'm not in that boat at the moment....