This is a stockmarket site for both intraday and swingtraders, trading the SP emini,ETF's like QLD, SSO, etc. Various Timing techniques and Cycles are researched. Precise Timing is everything. Both Intraday and daily Change in Trend (CIT) Times are calculated through several unique timing methods that are often exact or off by mostly +/- 5-10 minutes for intraday times and +/-1 day for the daily CITs. All the different Cycles in the SP 500 markets are discussed.
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Monday, October 26, 2009
Quick update 10/26 High
As mentioned in the last post, I was expecting an 10/26 High, which is being formed as we speak. The possible e-wave count is shown. From this high expect a sharp decline and then one more High on 10/30/09.
is there a reference to the broken wedge you refer to in the comments - what are the TL price points ? thanks for your commentary its very interesting...
but the high should be later today? Or is this it?
ReplyDeleteIf it is an ABC flat, we should test the 1095-96 SPX area before it is all over.
ReplyDeleteYou can scrap the flat idea.
ReplyDeleteHighs arrived with a perfect back-kiss of the Trendline.
Time to buckle up
one more high on on 10/30? any price target on that high?
ReplyDeletethanks
aymon
It should be a retest of the recent Highs.
ReplyDeleteIf we are going to have any kind of high on Friday, it better get going. Is it possible Friday is a low?
ReplyDelete10/30 should be a retest of the broken wedge TL, but 1st we see an 10/29 lower Low
ReplyDeleteRally Time start today and into tomorrow, we'll see
ReplyDeleteis there a reference to the broken wedge you refer to in the comments - what are the TL price points ? thanks for your commentary its very interesting...
ReplyDeleteThe wedge TL is the 3/6/09 Low - 7/8/09 Low linear Trend line, it comes in at 1065-67 SPX today and tomorrow.
ReplyDelete