The S&P hit the 38.2% retracement this morning on that push
up, that was a logical place to scale into some shorts if you
wanted to. That may or may not been it for wave 2, nothting
it set, if another bounce is going to occur, it needs to do so
within this range. nothing is set with these wave counts,
they are only guidelines. Remember the word Scale.
S&P 5 min.png 5 min chart
Posted by matt on 11th of Sep 2008 at 01:01 pm
5 min chart of SPX; the first push up this morning was probably wave A of wave 2, maybe this pullback is wave B, then a C up
Not: 1244-1212-1236-1203 ??????
Posted by treid4dou on 11th of Sep 2008 at 01:07 pm
Not: 1244-1212-1236-1203 ??????
The S&P hit the 38.2%
Posted by matt on 11th of Sep 2008 at 01:20 pm
The S&P hit the 38.2% retracement this morning on that push up, that was a logical place to scale into some shorts if you wanted to. That may or may not been it for wave 2, nothting it set, if another bounce is going to occur, it needs to do so within this range. nothing is set with these wave counts, they are only guidelines. Remember the word Scale.
i am scaling every single
Posted by treid4dou on 11th of Sep 2008 at 01:39 pm
i am scaling every single day !!!!!!based on those great charts.....tks...
????
Posted by matt on 11th of Sep 2008 at 01:14 pm
????
Matt, C up to what
Posted by trade on 11th of Sep 2008 at 01:04 pm
Matt, C up to what level likely? So this could all play out today?