Could be? It’s hard to get the wave counts right as it’s unclear if this is a B wave down inside a wave 2 up with a C wave yet to come… or if it’s a 5th wave down as you suggested. For it to be a B wave down it must not go lower then yesterday’s low as then it will be a 5th wave down.
Ok gang, looks like that B wave down just happened at the open this morning. I’m not sure when it’s going to end but it should be done before noon today I’d think. Then the C wave up should start and carry into next Tuesday/Wednesday. After it’s done we can go back to shorting again.
FP’s like that aren’t likely to play out the next day Amy. It could be weeks before that happens or even months. No way to know in advance of the ‘when’ part on it. So I have to stick with all my charts and other indicators and go with the odds… which say we’ll be up tomorrow.
That tells me Tomorrow could be a bad one as everyone expecting higher market going into 3 days weekend. Like Geccko23 said Bonds and stocks sell off is no good sign at all.
Download and install a free screen capture program called “Jing” by TechSmith and then use it to make a screenshot of it. Then you upload it to your Jing account and they will give you a link that you can post here. Really simple to use… thanks.
Could be? It’s hard to get the wave counts right as it’s unclear if this is a B wave down inside a wave 2 up with a C wave yet to come… or if it’s a 5th wave down as you suggested. For it to be a B wave down it must not go lower then yesterday’s low as then it will be a 5th wave down.
the bounce off the low was a W4 is my view…..that choppy move down is an ED 5th wave to new lows
just guessing but that looks like what is happening to me
Ok gang, looks like that B wave down just happened at the open this morning. I’m not sure when it’s going to end but it should be done before noon today I’d think. Then the C wave up should start and carry into next Tuesday/Wednesday. After it’s done we can go back to shorting again.
FACEBOOK Near 200 SMA and Golden ratio: http://niftychartsandpatterns.blogspot.in/2013/05/facebook-near-200-sma-and-golden-ratio.html
ES Support levels: http://niftychartsandpatterns.blogspot.in/2013/05/s-500-futures-support-levels.html
FP’s like that aren’t likely to play out the next day Amy. It could be weeks before that happens or even months. No way to know in advance of the ‘when’ part on it. So I have to stick with all my charts and other indicators and go with the odds… which say we’ll be up tomorrow.
That tells me Tomorrow could be a bad one as everyone expecting higher market going into 3 days weekend. Like Geccko23 said Bonds and stocks sell off is no good sign at all.
Red – just emailed you the pic. Its about 11MB ???
Download and install a free screen capture program called “Jing” by TechSmith and then use it to make a screenshot of it. Then you upload it to your Jing account and they will give you a link that you can post here. Really simple to use… thanks.
I have a pic of FNMA at .66 (fake print) 5/24/2013 @ 1824 hrs.
I got a size limit when I tried to upload the image.