3309 Drysdale Ct
Edwardsville, IL 62025
looks like the spike to 630 last week could have been the wave 3 spike and this recent run a truncated 5th wave. Stock is very slippery so trade with caution but seems to fit the parameters as of now.
Nice observation
Steve,
Did this morning's exhaustion gap, over-throw work for an ending diagonal?
kalinm - here is a chart for a guideline. Not sure on the count but the moves of late have all been 3 wave structures.
http://stockcharts.com/h-sc/ui?s=$SPX&p=10&yr=0&mn=0&dy=10&id=p04138417944&a=157796568&listNum=61
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BIDU ending diagonal?
Posted by evanlaz on 25th of Mar 2010 at 08:17 am
looks like the spike to 630 last week could have been the wave 3 spike and this recent run a truncated 5th wave. Stock is very slippery so trade with caution but seems to fit the parameters as of now.
BIDU
Posted by racerick on 25th of Mar 2010 at 10:00 am
Nice observation
SPX ending diagonal?
Posted by kalinm on 25th of Mar 2010 at 10:09 am
Steve,
Did this morning's exhaustion gap, over-throw work for an ending diagonal?
kalinm - here is a
Posted by steve on 25th of Mar 2010 at 10:20 am
kalinm - here is a chart for a guideline. Not sure on the count but the moves of late have all been 3 wave structures.
http://stockcharts.com/h-sc/ui?s=$SPX&p=10&yr=0&mn=0&dy=10&id=p04138417944&a=157796568&listNum=61