Red

Or may be short at close of Fed day

Yeah, I'm leaning toward Scenario ONE or TWO for the high around 1073-1076, but that might not come until after we hit the 998-1000 area first.

So, the 1050-1060 is more likely to be the high… just before the Fed's talk, and then more selling until we hit that 998-1000 area.

Red

Sounds good I think we go down tonight on futes and into 10am tommorrow then the big up starts for the monster rally wed…

It's looking like Scenario Three might be in play Turbo Tim. I'm looking for a high just before the Fed's meeting on Wednesday. I'll be going short on Tuesday or Wednesday, as I expect more selling afterwords.

Red

Thanks SC…

I does take quite a bit of time to put together a post, even if I borrow the chart from someone else. I think we might be in Scenario Three (as I stated on Monday's post).

Thanks for sharing, Red. Appreciate the work you put into it.

SC

Thanks Red

I favor a bounce higher too Red, good post 🙂

I can not remember when and where I get your blog, I watch Evil, I even leave some comments with charts, but never get feedback, and there is too much comments., so I quitted.FULCRUM was my nick at disqus.I dont go at slope. I like your blog with precise , plain and simple targets few days in advance.
here is my chart what I expected few days ago, and today sitaution:

http://img692.imageshack.us/img692/3313/mamusu.png

http://tinypic.com/view.php?pic=2i6p26h&s=4

greets from sunny Croatia, and keep good work!

I can not remember when and where I get your blog, I watch Evil, I even leave some comments with charts, but never get feedback, and there is too much comments., so I quitted.FULCRUM was my nick at disqus.I dont go at slope. I like your blog with precise , plain and simple targets few days in advance.
here is my chart what I expected few days ago, and today sitaution:

http://img692.imageshack.us/img692/3313/mamusu.png

http://tinypic.com/view.php?pic=2i6p26h&s=4

greets from sunny Croatia, and keep good work!