Red

What is your target?

Yes, but I’m in agreement with Al’s chart. I believe this sideway trading is a wave 4 and we have one more final wave 5 up to flush out the last remaining bear.

After that… you know the rest.

Good Morning RED,
I think sh*$ is about to hit the fan soon.
we might not hit the FP but look at the link below
China Downgrades United States Credit:
http://market-ticker.org/post=171703
the below link is just some good reading…
http://www.godlikeproductions.com/forum1/message1248678/pg1

You know the longer we trade sideways, the more pronounced the bull flag will be on the daily charts. It would match up with your chart showing us in a wave 4 right now, with one final wave 5 up to finish the pattern.

Of course you know what my target is for this wave 5 up…

Thanks posting the chart Al.

On the ES, looks like we are close to an Intermediate term top
http://screencast.com/t/IOLTtzE5

SPX Five minutes chart with support area
http://niftychartsandpatterns.blogspot.com/2010/11/s-500-five-minutes-chart-with-support.html

Thanks anoopsan

Dow Jones Fib levels
http://niftychartsandpatterns.blogspot.com/2010/11/dow-jones-fibonacci-levels_09.html

I have preached this many times and good luck to you…

Bull don’t trade a spread that is more than 10 15 max! you will get killed on the slippage babe. so 40 is NO good. Check out the Dec VIX 30 calls much better spread (i am in them) any thing you need email Red and he can give you my email G/L 🙂