We should hit the FP on the Russell today. We are very close now, tagging 748.14 as a high on the RUT. The FP was for the futures, which trades a little low. So 749 (the FP) would probably be about 750-751 on the RUT.
After it’s hit, we’ll have to start looking for some downside prints to show up, as I think this leg up is still only a corrective wave, with a 3rd wave down to come.
We should hit the FP on the Russell today. We are very close now, tagging 748.14 as a high on the RUT. The FP was for the futures, which trades a little low. So 749 (the FP) would probably be about 750-751 on the RUT.
After it’s hit, we’ll have to start looking for some downside prints to show up, as I think this leg up is still only a corrective wave, with a 3rd wave down to come.
http://content.screencast.com/users/su_root/folders/Jing/media/386d4a12-e7f6-4449-b7c1-dfe1dca1decc/2010-12-02_1516.png
Gangsta 🙂
ES Chart
http://niftychartsandpatterns.blogspot.com/2010/12/s-500-futures-fibonacci-levels.html
Stock chart NFLX
http://niftychartsandpatterns.blogspot.com/2010/12/dark-cloud-cover-of-nflx.html
http://cobrasmarketview.blogspot.com/2010/12/12012010-market-recap-tradable-bottom.html
Good news, I cut a deal with Breakpoint Trades they are allowing me to post the full-on not watered down version of their stock market newsletter.
You get it for free, visit Hawaii Trading for the link!
http://oahutrading.blogspot.com/2010/12/full-paid-newsletter-for-free-from.html
Good news, I cut a deal with Breakpoint Trades they are allowing me to post the full-on not watered down version of their stock market newsletter.
You get it for free, visit Hawaii Trading for the link!
http://oahutrading.blogspot.com/2010/12/full-paid-newsletter-for-free- from.html
Thanks…
That chart showed a turn coming a few days before today’s rally. I’ll have to try and remember to look at it in the future.
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