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Re: 07/21/2012 Weekend Update
Posted: Sun Jul 22, 2012 8:59 pm
by xfradnex
1der wrote:Okay, now this is rare - A PBar on the ES chart. This was what was on my charts today when i opened them 15 min ago. Hmmmmmm.......
I just noticed that the p-bar matches one of Cobra's support lines in Cobra's graph above. So that means it probably is a feeler for that level (to be taken more seriously)
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Re: 07/21/2012 Weekend Update
Posted: Sun Jul 22, 2012 11:59 pm
by TradingJackal
Shared on Friday post that ES would gap down to finish whatever wave came after the triangle (wave 4s can be triangles in a 5 waver and wave B can be triangles in a 3 waver). So far so good. Another post yesterday showed potential for an Ending DIagonal in Wave C on SPY. If that is true, ES should turn up at around 1340 along with the with the Stochastics as shown below. A target of 139 on SPY would mean around 1386 on ES which would be an overshoot but it happens in an ED. Anything more than that we are up to something else!
Re: 07/21/2012 Weekend Update
Posted: Mon Jul 23, 2012 12:12 am
by TradingJackal
Updated SPY chart with the correction up as a zig-zag with 5 waves in A, and 5 in C (as an ED).
Re: 07/21/2012 Weekend Update
Posted: Mon Jul 23, 2012 5:01 am
by KeiZai
P-Bar alert
Re: 07/21/2012 Weekend Update
Posted: Mon Jul 23, 2012 5:54 am
by KeiZai
Did not posted this pic yesterday to show my true bias
not going all-in with this count but it is a very real option
DAX
- Clearly corrective pattern
Re: 07/21/2012 Weekend Update
Posted: Mon Jul 23, 2012 8:10 am
by KeiZai
Dollar short-term outlook
EDIT: Typo - need to be cautious
Re: 07/21/2012 Weekend Update
Posted: Mon Jul 23, 2012 8:57 am
by KeiZai
/just in case/