StevieB294, third try to respond. Connection is bad.
Thanks for the charts and sharing info on the EW system. I watched
and enjoyed the video. I get that 3120 was the target achieved.
What is wp? Is 2940 a target achieved? Thanks!
Posted by stevieb294 on 6th of Mar 2020 at 01:19 pm
Hi mdg: There are actually several targets as indicated in blue.
Main and 2ndary. These are identified by the 2 separate indicators
on the main chart. The brown lines are a version of fib extensions
drawn from the pivot low.
Thanks, Stevieb, so I see the brown target with low of 2918 met.
So , you would now expect another bounce or since that was a lower
low, not much of a bounce then head back to new lows? In trying to
get the hang of this thing. I am guessing a bounce to 2975 or
less likely 3057? Thanks again.
And since we already bounced to 2978, that could be all we
get?
Posted by stevieb294 on 6th of Mar 2020 at 01:49 pm
mdg: There's no way of knowing that until you see some
technicals that indicate one way or another; pennant, STO up or
down... something...so far at this moment I see no firm indication
one way or another. (though MCD is pointing down)...As they say in
advertising "Watch this space" (for one of Matts postings.) But
yes, there is a bottom pivot so this COULD be all we get.
My first target hit, now
Posted by stevieb294 on 6th of Mar 2020 at 12:29 pm
My first target hit, now rolling over back down into the target zone.
StevieB294, third try to respond.
Posted by mdgfain on 6th of Mar 2020 at 12:57 pm
StevieB294, third try to respond. Connection is bad. Thanks for the charts and sharing info on the EW system. I watched and enjoyed the video. I get that 3120 was the target achieved. What is wp? Is 2940 a target achieved? Thanks!
Hi mdg: There are actually
Posted by stevieb294 on 6th of Mar 2020 at 01:19 pm
Hi mdg: There are actually several targets as indicated in blue. Main and 2ndary. These are identified by the 2 separate indicators on the main chart. The brown lines are a version of fib extensions drawn from the pivot low.
Thanks, Stevieb, so I see
Posted by mdgfain on 6th of Mar 2020 at 01:39 pm
Thanks, Stevieb, so I see the brown target with low of 2918 met. So , you would now expect another bounce or since that was a lower low, not much of a bounce then head back to new lows? In trying to get the hang of this thing. I am guessing a bounce to 2975 or less likely 3057? Thanks again.
And since we already bounced to 2978, that could be all we get?
mdg: There's no way of
Posted by stevieb294 on 6th of Mar 2020 at 01:49 pm
mdg: There's no way of knowing that until you see some technicals that indicate one way or another; pennant, STO up or down... something...so far at this moment I see no firm indication one way or another. (though MCD is pointing down)...As they say in advertising "Watch this space" (for one of Matts postings.) But yes, there is a bottom pivot so this COULD be all we get.
My TGT was achieved right
Posted by ssaffer on 6th of Mar 2020 at 01:00 pm
My TGT was achieved right before the open. Closed out my $ES short from yesterdays close. Now building some long positions for next week.