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How do you reconcile differences (Elliott Wave count) between cash and future markets? For example, today, IMHO the ES needed to break 1430.50 to be considered a wave 3, but the corresponding levels were broken early in the cash markets (INDU, SPX, & NDX)?

You should try to use Esignal's renko chart, which are similar to a constant range chart (renko bricks are specified range bars that are generated at the close of a user defined time period...you might want to play around with 6 secs. to 1 min. intervals); however, indicators tend to drift (a...

IMHO this trend may reverse if price breaks and hold below 1432.00 (my current reversal point).

Anybody currently long?

fyi Tradersworld Interactive Online Expo Dec 4th - 8th http://www.etradeshowsonline.com/home.asp

Good call!

Your looking at the wrong year (2007 vs. 2006): http://www.cme.com/trading/res/cch/2006thanksgiving5485.html CME Equity Indexes: Close at 12:15 CST

If price doesn't break this range soon it may not happen until the night session.:mad:

Thanks!

I have been following this thread hoping to learn a thing or two about MD; however, the charts are foreign to me. Therefore it might be helpful to me and others if someone could briefly explain how to read a MD chart. :confused:

Don't try to interpret the news, but let price do it for you. K-Rock

Merc says buy orders caused spikes (Reuters) — The Chicago Mercantile Exchange said on Monday an unusual spike in several stock index futures contracts on its overnight Globex trading platform was the result of legitimate buy orders and not trading errors. Trading sources said U.S...

I learned a lot from this thread. Thanks to you 4re!!!

IMHO, as a result of today's price action I will only look to short this market, unless 1378.25 is taken out.

I was now I'm flat!!!:D

Are you short?

I bailed too soon at 1373.50:(

I went long at 1372.25.

Good call!!!

I just hope we don't have to wait for the FOMC's Minutes to be release, at 2:00 p.m., before we see some momentum.