March S&P E-mini Futures: Today's day session range estimate is 1074-1094. I think the ES is in the process of breaking out above its recent 1058-1080 trading range. I think the market will reach 1200 over the next three months.
Note: with /ES at 1084 now, Carl's range for today is +10 to -10 from here.
These gaps serve the same function as the rogue ticks on the SPY as an indication to all the regulators in the various issues where the de-leverage areas are at.
We are going to fill the 1085.89 gap this morning.
Past six months Elliott Wavers became great contrarians, just bet against them make tons of money. At present, there is no C wave or third wave, IMHO, these are all money losing mechanisms. If you are losing money, it is time to stop counting waves and minimize losses. Recent market action is against established EW theory. IMO, shorts are in serious trouble on Tuesday.
It doesn't really matter if you don't really trade.
remember the backtest on the weekly
1127.38 gap is the next stop, whether that happens this week, next week or next month, doesn't really matter
snowmageddon bottom – global warming top – viking? 08-15-08 WTF am I missing?
“higher prices coming this week”… we got those this morning. Higher close on the week is the question?
Just now from Carl Futia
March S&P E-mini Futures: Today's day session range estimate is 1074-1094. I think the ES is in the process of breaking out above its recent 1058-1080 trading range. I think the market will reach 1200 over the next three months.
Note: with /ES at 1084 now, Carl's range for today is +10 to -10 from here.
will we hit 1127.38? Yes
When? could be this week, next week, or next month
Do you think we'll hit 1127.38 or so?
higher prices coming this week
i posted this chart on friday after the close but i'm not sure how many people saw it
http://www.flickr.com/photos/47091634@N04/43530…
we've got a succesful backtest in place on the weekly from the controlling TL from 07' highs plus the crash gap of SPY 107.15
2 intra-day gaps on the SPX
1085.89
1127.38
These gaps serve the same function as the rogue ticks on the SPY as an indication to all the regulators in the various issues where the de-leverage areas are at.
We are going to fill the 1085.89 gap this morning.
1127.38 is left.
Past six months Elliott Wavers became great contrarians, just bet against them make tons of money. At present, there is no C wave or third wave, IMHO, these are all money losing mechanisms. If you are losing money, it is time to stop counting waves and minimize losses. Recent market action is against established EW theory. IMO, shorts are in serious trouble on Tuesday.
Obobma made you do it.