nothing has changed with the charts, the 38% Fib on the SPX is
about 1106 and so far it's still following my projection.
This whole move could be wave A (with minor abcs). we'll
see. 144 stochastics made it to over 80% like I said it
should. Now does it pullback in a B like this or form
something more complex, who knows. since there is no negative
divergence, I think a pullback will get bought and we push up
again. If this is a counter trend move higher, I expect it to take
maybe 3 - 5 days to play out, it's not even 2 full days yet.
on the 60 min chart, you can see that 60 period stochastics
crossed up from below 20%,
usually that's a pretty good signal
nothing has changed with the
Are we still in A wave of ii?
Posted by matt on 2nd of Feb 2010 at 02:28 pm
nothing has changed with the charts, the 38% Fib on the SPX is about 1106 and so far it's still following my projection. This whole move could be wave A (with minor abcs). we'll see. 144 stochastics made it to over 80% like I said it should. Now does it pullback in a B like this or form something more complex, who knows. since there is no negative divergence, I think a pullback will get bought and we push up again. If this is a counter trend move higher, I expect it to take maybe 3 - 5 days to play out, it's not even 2 full days yet.
on the 60 min chart, you can see that 60 period stochastics crossed up from below 20%, usually that's a pretty good signal
I had the Fibs in
Posted by matt on 2nd of Feb 2010 at 02:39 pm
I had the Fibs in the wrong place on the 15 min chart, I adjusted it