If it falls from this higher then expect level, I don't see it stopping at 105 spy, as previously thought. Too much momentum will occur, and that 105 level should break.
Not that I'm a big follower, or expert, but in Elliottwave terms… this looks like a wave 2 back up, with a wave 3 down coming up next…
thank you red.
I already did Monica. Look down the page for the link.
Red, I just saw a fake print on the Yahoo home page of 10380 DJIA (showing down 1.33%) but I don't know how to capture it!
No. Not betting on new high by May OpEx. When I said May opex top, that was misleading. Sorry about that.
possible gap fill today or tomorrow then……………..
$NDX has been “magically” stuck around the 1929 level,
LOL party like it's 1929
If it falls from this higher then expect level, I don't see it stopping at 105 spy, as previously thought. Too much momentum will occur, and that 105 level should break.
Not that I'm a big follower, or expert, but in Elliottwave terms… this looks like a wave 2 back up, with a wave 3 down coming up next…
If SPY can break this 60 min containment pt. a avalanche will ensue, or another another trip to green containment is in order
http://www.flickr.com/photos/47091634@N04/45955…
I just refreshed the page on Yahoo, and I now see Dow 10,380 for the current price right now.
http://reddragonleo.com/wp-content/uploads/2010…
the $DJI closed @ 10,868 last Wed. before Thursdays debasement
10,868*1.0054 = 10926 5.4.2010 close