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Good morning Mu. I bot a small position SPY PUT earlier this morning. It seems working.

One reason I watch ES is because around 8:30am EST, there are often heavy trading caused by economic data reports. The price data can be a useful reference for day trading. So I often watch both ES and SPX.

Good forecast! Looks like it has formed a head fake pattern and moving down now.

Hi MU, Thanks again for these counting tips!

ammo, Mup, MU, ED, I appreciate your great helps a lot. Hopefully I will learn EW faster than I have expected with your tips and advices. Very nice group here. To Mup: your wave counting widens my view on the method. I have saved the chart to my file for further reference. Thanks! To...

Are U implying these guys refused to help you before? :p

Hi mu200411: Thanks for the practical advice, I learned from it. I’ll try to follow the price movements in educated way, and hopefully to do certain predictions occasionally. :) I have studied and practiced conventional TA for quite many years. I wondered if Elliott Wave followers still...

Elovemer, Thanks for the labeling. I believe SPX chart is also useful for eMini S&P analysis. I will try to do EW on SPX chart as well.

Thanks for the reply. I was looking at ES intraday 1-minute chart. (My labeling skipped the "ABC" counts on the chart). I attach the whole-day ES chart here. After wave (5) I lost my count.

I just started to look at Elliott methods again after failing to understand it before. I labeled the Elliott numbers on the real time ES chart today. Can anyone point out whether my labeling is right or not? TIA.

Nobody cares about FNM FRE any more? Shame on you :D

I'm just afraid L-3 will come back to 61.50 and get you out and go up again without your "core" position :p

FRE FNM jump for the second day :D Bot FRE @0.63 a few days ago. Hope this run continues tomorrow. FNM has run better than FRE in % lately (not sure why). Saw FNM's double bottom at around 0.3, but I was too chicken to buy :mad:

Buffett bot GE when it traded at low $20s just a few weeks ago. When I looked at the GE price chart, gee, it was moving in a strong down trend and I could not see a meaningful support until $5 ~ $10 on the chart. Today GE is around $12... Buffett's billion vanished. Buffett should have...

Now FNM back down to $0.54, and FRE $0.67. Does anybody dare to touch them?:D

It seems FNM and FRE still have strong backing by the Fed and are not going to die easily.

I agree with Jim Rogers. There's no point to spend tax payers' $700 billion to rescue Paulson's friends. The mega trend cannot be hold back, just let it run its course.

Pretty much so, the Fed is a government entity with PRIVATE components: http://en.wikipedia.org/wiki/Federal_Reserve_System#Balance_between_private_banks_and_respon Anyway, currently we are seeing the big fish swallowing smaller fish big time and one more giant step toward monopoly in this...

JPMorgan Builds Strength With WaMu Deal in Tense Age By ERIC DASH Published: September 26, 2008 http://www.nytimes.com/2008/09/27/business/27wamu.html?_r=2&oref=slogin&oref=slogin … As the nation’s largest savings and loan teetered on Thursday morning, a senior federal regulator...

Hi m22au, I think the reasons for your FNM and FRE stock price forecast are valid. And I hope your long puts positions on FNM FRE will soon to make profit. It seems when the bailout plan is announced, people may "sell on the news" and push the price of FNM FRE down. But this is of course...