Ok - If you took a long out of my count (pattern) below on the
SPX 1 minute RAISE you stops as this could be a corrective move
back up. Swamped now but just providing trading updates.
klatuu - a potential nested 1-2 i-ii is where you get a
subdivision in wave 3 which occurs when there is no overlap.
Somewhat complicated to explain here in a short period of
time but that's the quick answer.
SPX 1 Minute
Posted by steve on 20th of Oct 2011 at 12:34 pm
$SPX
Ok - If you took
Posted by steve on 20th of Oct 2011 at 01:00 pm
Ok - If you took a long out of my count (pattern) below on the SPX 1 minute RAISE you stops as this could be a corrective move back up. Swamped now but just providing trading updates.
RAISE STOPS AGAIN ON LONGS SPX
Posted by steve on 20th of Oct 2011 at 01:24 pm
RAISE STOPS AGAIN ON LONGS
SPX and ES reached their primary pivots
OK - nice bounce so
Posted by steve on 20th of Oct 2011 at 12:39 pm
OK - nice bounce so far on my SPX 1 minute after making a divergent low which made for a nice trade...now will need to see if that's all it's got.
Steve, what's a potential 1-2
Posted by klatuu on 20th of Oct 2011 at 12:55 pm
Steve, what's a potential 1-2 down? haven't heard of this 'wave' structure ?
klatuu - a potential nested
Posted by steve on 20th of Oct 2011 at 01:05 pm
klatuu - a potential nested 1-2 i-ii is where you get a subdivision in wave 3 which occurs when there is no overlap. Somewhat complicated to explain here in a short period of time but that's the quick answer.
Steve, Bull flag on your
Posted by jambo1 on 20th of Oct 2011 at 02:22 pm
Steve, Bull flag on your 1 min?
jambo - watching a possible
Posted by steve on 20th of Oct 2011 at 02:27 pm
jambo - watching a possible inverse HS on SPX 5 minute but in this environment anything goes
what does the inverse H&S
Posted by DK on 20th of Oct 2011 at 02:29 pm
what does the inverse H&S measure to?
So, would this mean the
Posted by klatuu on 20th of Oct 2011 at 01:11 pm
So, would this mean the wave 3 is 'potentially' larger than in the chart, ie: more downside is possible?