don't think so....looks like you were posting at the short term
bottom...the SPX just bounced on you. Ahh maybe this bounce is only
wave "b of a bigger abc down?
Or maybe we have the b wave in for a wave 2 up...that 60
min 60 period STO hasn't cracked 80 yet...
My gut says a small bounce Monday, maybe to 1101.43 [or only
1096.50] and then more heavy downside....who knows?
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
SPX 15
Posted by steve on 13th of Nov 2009 at 01:26 pm
Here are the Bullish and Bearish Counts that I see. I must favor the Bullish Count until I see selling materialize.
Please elaborate: you refer to SPY and $SPX on same chart?
Posted by klatuu on 13th of Nov 2009 at 01:36 pm
What are you asking?
Posted by steve on 13th of Nov 2009 at 01:57 pm
What are you asking?
asking
Posted by Michael on 13th of Nov 2009 at 02:04 pm
steve -- on your sedond chsrt the price labeling is wrong for your high number -- you have 101.xx but its an SPX chart...............
That number should be 1101.97 Sorry
Posted by steve on 13th of Nov 2009 at 02:10 pm
That number should be 1101.97
Sorry for the typo.
THREE CHEERS
Posted by RM686 on 13th of Nov 2009 at 02:31 pm
Three cheers for Steve I know what he talking about even with the typo. Just thought he was referring to the last 5 digits.
Anyway thanks Steve for making things simple. I really appreciate updates like this which make things as simple as possible.
I second that. Great help,
Posted by bobkatg on 13th of Nov 2009 at 03:10 pm
I second that. Great help, Steve!
SPX 15
Posted by philr on 13th of Nov 2009 at 03:05 pm
What a difference an hour makes. Need new charts now! Heading towards 1085.
1085??...opps
Posted by perthx on 13th of Nov 2009 at 03:20 pm
don't think so....looks like you were posting at the short term bottom...the SPX just bounced on you. Ahh maybe this bounce is only wave "b of a bigger abc down?
Or maybe we have the b wave in for a wave 2 up...that 60 min 60 period STO hasn't cracked 80 yet...
My gut says a small bounce Monday, maybe to 1101.43 [or only 1096.50] and then more heavy downside....who knows?