We hit that target I posted yesterday at just over 1075 to
complete a 5 wave C leg up from 1018...lets see if that holds as
the high?
My thinking is that all the indices either finished their 5th
waves up and we just move sideways a bit til the markets decides it
has reason to break down or this was wave 1 of 5 and here we trace
out wave 2 of 5 with waves 3, 4, and 5 of 5 to come.
Negative divergences abound across all time frames except the 60
min macd lines so maybe we see the market make a late day struggle
to a double top and then 60 mins gets some neg div on that last
indicator too?
Not so worried about the 60 period and 144 period Sto's not
breaking down yet because if the market decided to gap down or just
start a steady but poweful decline, those will snap like twigs!
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Nice $RUT chart
$RUT 60 MIN
Posted by perthx on 9th of Jul 2010 at 12:53 pm
We hit that target I posted yesterday at just over 1075 to complete a 5 wave C leg up from 1018...lets see if that holds as the high?
My thinking is that all the indices either finished their 5th waves up and we just move sideways a bit til the markets decides it has reason to break down or this was wave 1 of 5 and here we trace out wave 2 of 5 with waves 3, 4, and 5 of 5 to come.
Negative divergences abound across all time frames except the 60 min macd lines so maybe we see the market make a late day struggle to a double top and then 60 mins gets some neg div on that last indicator too?
Not so worried about the 60 period and 144 period Sto's not breaking down yet because if the market decided to gap down or just start a steady but poweful decline, those will snap like twigs!