Replies to post #42072 on The TradingEdge

[jxyzobrien]

looks like
5 waves down and doing 5 waves up. 2 looks below and fail

market failed to make a lower low.

bonds go down daily and the market has become resilient to this

value actually went up meaning higher prices were accepted
as the market traded in value

and returning to value now so market does not want lower prices.

as crazy as this sound we may well all get fooled again and establish
brand new highs

[rickk]

Algo, you were basically dead on with your 276 projection!! How do u c next week plying out?

[NASARAVI]

Algol

Great call - out of all positions - going to Bangalore for wedding and lecture in chennai and Sri Lanka tour.

Wish followed you 100% - thought never getup there - got part of the move so no worries.

What next - somehow my weekly past is on a sell unless we clear 2840 area.

Are you expecting a big down move -next week what is the support?

Thanks.