Posted by dallahoo on 22nd of Aug 2008 at 11:10 am
matt, it can be 1-2-i-ii down as well, wave possiblities in
situations like this are good mental execise, but, can overwhelm
some people. on lower time frames, I'll personally be focussing
more on trend lines and oscillators and try to guage strength of
swings, as you guys do, and wait till market tells me what waves I
can eliminate with confidence.
One other thing is since high of august 11, on 60 min, we have
had one lower high and 2 lower lows, SPX, if it wants to squeeze
the bears,has to start making higher highs, and lowe lows. We may
get the short term answer today or monday.
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matt, it can be 1-2-i-ii
Remember it's still possible that the whole move down from ...
Posted by dallahoo on 22nd of Aug 2008 at 11:10 am
matt, it can be 1-2-i-ii down as well, wave possiblities in situations like this are good mental execise, but, can overwhelm some people. on lower time frames, I'll personally be focussing more on trend lines and oscillators and try to guage strength of swings, as you guys do, and wait till market tells me what waves I can eliminate with confidence.
One other thing is since high of august 11, on 60 min, we have had one lower high and 2 lower lows, SPX, if it wants to squeeze the bears,has to start making higher highs, and lowe lows. We may get the short term answer today or monday.