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Crude Oil 80 bucks? http://elliottwaver.blogspot.com/ Q.

However my pivot points have been very accurate: :) - ES High 1293 - NQ High 1750 - ER2 High 704,6 - YM High 11014 ....hhmmmm..maybe.... Monday we'll have a gap Up :p Quintrix

Hi cnms2 No, I am currently short When the NQ and the ES were around my targets..I went short at market It is almost impossible to take a position " on tick" for all the futures.....then I posted it on my blog, and updating here my original short entry were (on january, 5): - ES...

Well, we are short all the index futures...place your stops, relax, wait and see. These are low risk trades. Our stops are acceptable....Low risk, high reward? We'll see more on my blog http://elliottwaver.blogspot.com/

Well...it seems to me that the big players are a little bit worried about Bernanke...but this is off topic:) - gold chart

Hi Tony, I am not married to the bearish case...(the trend is up in all time frames... until proven otherwise) , but I am a short term trader (usually), and I think that we are very close to a ST top (..at least, if not IT top), and the correction could be severe, and very sharp I missed...

The end of the wave five of [E] could be very short in terms of time, even though sharp. The wave five is in progress for all the indicies. The Dow is not leading this movement, and this fact makes me skeptical on the real strength and length of this impulse. This topping process may end very...

.....I think we are going into new highs, at least for the SPX...Today's low was the end of the ABC down, as correction of the wave three up of the last leg .... more on my blog http://elliottwaver.blogspot.com/ Quintrix

It's hard to say...For now I am focused to the picture that I described on my blog. Below 1242, I expect at least a test of the lower T-Line of the rising channel (1194/1200)....at that point the market will show us if the bulls are still alive...If 1242 holds we are headed into new highs (the...

If this wave is a real E (or 5) ... these fib retracements (of the last leg), doesn't have any value, because E is the end of [C], and the prices will fall to the lower Trend Line (see the weekly chart that I've posted) You need to re-calculate the fib retracements from the 08/13/04 low, to...

1242 is a line in the sand... New chart on my blog http://elliottwaver.blogspot.com/ Qiuntrix

You should download the book "How to indentify High-Profit Elliott wave Trades in Real Time" , from my blog ...see Resources It's free http://elliottwaver.blogspot.com/ Quintrix

Our buy limit order on the ES H6 has been executed (1254), so we are flat We are still working the buy limit order on NQ @ 1653/1655. We place a trailing stop @ 1672 http://elliottwaver.blogspot.com/ Happy new year Q.

Thanks Tony, the problem for bulls is 1242 SPX cash level...to me is a key price A close below could cause a change in trend in the intermediate term. If this support will be broken, I see more selling pressure with another 20/25 points drop, down to 1218, another very important pivot Q.

EW doesn't work eh?.....:) Quintrix

Ready to cover We are short the NQ H6 from 1698 and we are ready to cover our position, with a buy limit order @ 1655/1653 (maybe tomorrow, if there will be a follow thru). For those that are still short the ES from 1275.75 (stopped out in overnight for one tick), I suggest the same thing: a...

-------------------------------------------------------------------------------- Completely agreed!.....me too suggest all EWavers should do the same... Q.

Tony, I never said that we are in a downtrend In theory, we could continue to move inside that channel..so the obvious consequence is that we will go up (Long Term) The problem could be the triple zig-zag that USUALLY brings a break..... I mentioned the possibility that once we hit...

See an alternate scenario (bearish) posted on my blog.. Everything could happen.... http://elliottwaver.blogspot.com/ Q,

Wow!..you mean that we are on the verge of a monster movement that brings the SPX into new historical highs? ...amazing :) ...but it is still early ..time will tell Q.