The key level to watch for sign that wave 1 down is over
and wave 2 up has begun is a break (and hold) above 1079/1080
cash or ES 1075 (which was my line in sand on the way
down). To the downside we have to watch for a break below
1069 or ES 1065. Below 1069, I believe a fall to close
the 1051 to 1058 gap could occur. The falling wedge could
break down and the price could continue to fall within the ES
channel I discussed pre-market.
very helpful;
this is much better than just only posting to the blog, which many
people [ like me] may miss. Keep it up, this should help you retain
subscribers and build your community
Posted by kutschera on 25th of Jun 2010 at 10:58 am
Thank you for your comment and I agree as a former member and
newbie, I found it sometimes hard to follow, though I was getting
some of it and knew there was value in this service. I
decided to come back and appreciate the service has improved and is
more helpful for those of us who are new to the lingo and the
process. Thank you Matt and Steve for being more sensitive for us
slow learners as this is second nature to you and is not easy to
relate and explain basics that you have mastered probably decades
ago. I'm pleased to be back and thanks for the emails as well, I am
learning faster now because of your being mindful to explain and
update...
comment
Posted by steve on 25th of Jun 2010 at 10:19 am
The key level to watch for sign that wave 1 down is over and wave 2 up has begun is a break (and hold) above 1079/1080 cash or ES 1075 (which was my line in sand on the way down). To the downside we have to watch for a break below 1069 or ES 1065. Below 1069, I believe a fall to close the 1051 to 1058 gap could occur. The falling wedge could break down and the price could continue to fall within the ES channel I discussed pre-market.
re comment emailed out also
Posted by PA on 25th of Jun 2010 at 10:29 am
very helpful; this is much better than just only posting to the blog, which many people [ like me] may miss. Keep it up, this should help you retain subscribers and build your community
PA' s comment
Posted by kutschera on 25th of Jun 2010 at 10:58 am
Thank you for your comment and I agree as a former member and newbie, I found it sometimes hard to follow, though I was getting some of it and knew there was value in this service. I decided to come back and appreciate the service has improved and is more helpful for those of us who are new to the lingo and the process. Thank you Matt and Steve for being more sensitive for us slow learners as this is second nature to you and is not easy to relate and explain basics that you have mastered probably decades ago. I'm pleased to be back and thanks for the emails as well, I am learning faster now because of your being mindful to explain and update...
Sincerely Chris k.
Chris - thanks for the
Posted by steve on 25th of Jun 2010 at 10:59 am
Chris - thanks for the feedback. Don't hesitate to ask questions.