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KeiZai wrote:R2K update: good later than I thought but it is ok one more low is a buy (at least for me)
R2K-12c.png
To be exact one more low is a buy for me because it is likely 5th wave (I think of C) BUT if the rebound from that low is gonna be weak-choppy we could be forming HnS here (not my prefered plan) and I will exit at BE
R5.png
Thanks for the DAX view, keeps me wary of being short 2nite
hoping to see us close at new lows, then retest 10760/70 and then maybe bounce, shortterm a bit bearish below 10870
The structure is kind of tricky now in R2K it well can be HnS I think chop this week is quite likely they are killing theta - opex week . But in the bigger picture US needs new highs to complete the cycle imo, Europe likely already topped out (after Draghi speech) now is in the corrective abc up
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
we're here as my guess is the rebound is near end. lunch time, will be back.
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OK missed the entry and it is not anymore 4th wave so I am kind of done, looks corrective to me could be right shoulder
Have a good one
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
SPX 15m.. that blue neckline may still move.. minor support on the 5m right here.. could make that blue neckline more horizontal.. have to wait and see..
SPX 5m... possible minor divg on MACD should we hold here.. for a right shoulder? blue neckline... otherwise lookout below *mind the mid day gap at 1765-66ish
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Last edited by fehro on Tue Nov 12, 2013 2:48 pm, edited 1 time in total.
KeiZai wrote:R2K update: good later than I thought but it is ok one more low is a buy (at least for me)
R2K-12c.png
Thank you for in lightning KeiZai...
Thank you too my friend and good luck2U
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.