I agree, I have both, and I'll be moving my Schwab to IB mostly because of the option execution issues.

Klatuu

thx for posting ur charts

Sometimes the option STRIKES will be adjusted after a divd has been declared. I've had it happen on some of my trades. so a 135 strike will become a 135-5=130 when they're finished.

johnc, is that projection for near 120.00 for wave5?

This may give some insight.   Stratfor analysis

Klatuu

Nice chart

I didn't assume there was a trade, I was asking for an opinion about the possibility of the system exiting today base on his earlier comment about a move lower on that day. Just trying to plan for some of these exits...some brokers wont let you trade after hours. An Update after a severe draw down isn't unreasonable to expect.

!!!   Gonna go as a camper who doesn't sleep in his tent?

Since I don't see any new post on this topic, I'm assuming the same rules apply to todays current 1.5% drop, that an exit will probably be likely at the close? Please give some guidance?

This seems to be in response to Corzine's Euro currency bets and reactions based on it. Seems MF GLobal has filed for bankruptcy, and Interactive Brokers has a bid in for this company on the block. They clear trades for many firms.

CME is telling floor traders not to make any trades until this is cleared. They are being liquidated right now.

Once this is finished the dollar is expected to rise.

looks like we've hit the top of this ascending triangle. Also hitting Fib Extensions.

So, would this mean the wave 3 is 'potentially' larger than in the chart, ie: more downside is possible?

Steve, what's a potential 1-2 down? haven't heard of this 'wave' structure ?

Try this Link

Based on my little indicator, looking back over the last few years, we could see (from this level) from 1 to 3 more days of this upward move before a turn. I'd like it to be just 1 or less.

 Link

 Probs witrh image displaying after upload, so above is the link.

Klatuu

Should have bought OJ futures!  

Sure, sankaty. Jesse Livermore, a renowned trader, once said, "Give me 10 minutes and I'll tell you what stock to buy. Give me 10 years and I'll tell you when"

Klatuu

added to wrong post

:-)

Klatuu

Anyone think this will continue bullish for the morning? Quite a reversal on SPY.