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.
For you bears out there, here's an interesting video about the dollar, and what's next in Elliottwave terms. Remember, EW can be interpreted many different ways, and it's all subject to change.
I don't know how go this woman is in her EW market calling, but if the dollar moves up as see forecasts it will, then the market will move down. Good for bears, and bad for bulls. It's an interesting video to pass the time away…
The line containing to the upside for the $spx is the 160 month mov. av. is this about correct? you figured it out for the spy. this is the “containment” to the upside.
The containment to the downside is a line which you do not identify but it seems to be the 80 week mov. av.
on the daily it seems you are using the 50 day mov av on the spy. As you say this has be backtested on the daily. So why do we have to go back up there?
It's when the crooks (aka Wall Street) tell their buddies where they plan to take the market next. It could be in a month, or less… but once the selling begins, that's where it should end.
Go look at my past post from a month ago about the 97 point mis-print (fake print). The market never went to 1047 that day. It only showed up for about 5 minutes on the money.cnn.com website, and then they corrected it to show the real close for the day.
The link is in my post above. I forgot about it, or I would have bailed out on my short position when we tagged that level last week. (we actually pierced it and hit 1044 as the low, but that's close enough to where they said they were going to take it).
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.
http://market-ticker.denninger.net/archives/196…
For you bears out there, here's an interesting video about the dollar, and what's next in Elliottwave terms. Remember, EW can be interpreted many different ways, and it's all subject to change.
I don't know how go this woman is in her EW market calling, but if the dollar moves up as see forecasts it will, then the market will move down. Good for bears, and bad for bulls. It's an interesting video to pass the time away…
http://www.youtube.com/watch?v=EpmnXY0eKVo
Read the comments too, and remember about how powerful wave 3's are. Maybe us bears won't get eaten alive this week… just maybe?
Question for Sundancer390
The line containing to the upside for the $spx is the 160 month mov. av. is this about correct? you figured it out for the spy. this is the “containment” to the upside.
The containment to the downside is a line which you do not identify but it seems to be the 80 week mov. av.
on the daily it seems you are using the 50 day mov av on the spy. As you say this has be backtested on the daily. So why do we have to go back up there?
you don't label the purple line
what is it?
It's when the crooks (aka Wall Street) tell their buddies where they plan to take the market next. It could be in a month, or less… but once the selling begins, that's where it should end.
Go look at my past post from a month ago about the 97 point mis-print (fake print). The market never went to 1047 that day. It only showed up for about 5 minutes on the money.cnn.com website, and then they corrected it to show the real close for the day.
The link is in my post above. I forgot about it, or I would have bailed out on my short position when we tagged that level last week. (we actually pierced it and hit 1044 as the low, but that's close enough to where they said they were going to take it).
what do you mean my a “fake print”