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I'd just watch out for this pattern in case they want a last half hour mark down after they've tried for the HOD (61.8%) stops... 1263 is the 1:1 above that rules out the pattern

Thanks ammo :D

CL is coming upto to the previous degree wave 2 low support and a 61.8% ext of "a"around $98. Worth keping an eye on for a lesser wave 3 (of c) target zone.. daily CL# F

Got the Gap close from the rebound of the lesser 50% :) It stopped at the 61.&% (1256.5) on the Globex...Needs to clear that to rule out a move back down to test the lows... 120min Globex

Bear's seeing a 1:1 into a 61.8% which sets up a larger 1:1 Need to overbalance -6.25 (1240.25) correction to get them fully incontrol & setting up the larger 1:1. If the bears fail on the busting the 1240.25 then the gap close is still on 5 min ES

From the FT 14.45 London time http://www.ft.com/cms/s/0/f3586ede-80ca-11dd-82dd-000077b07658.html?nclick_check=1 Bank of America, JC Flowers & Co, the financial investor, and China Investment Co., the Chinese sovereign wealth fund, are considering a possible joint bid for Lehman Brothers...

1238.5 is the 38.2% when that goes 50% becomes the next magnet 120min Globex

Always have to watch penguin bars into dynamic TA points.. 60min ES

Not techincal these Markets at all :eek: :) ) 15min ES

Bear case were we still in a wave iv of an ED 120min SPX

Bull case with the w-x-y into an 88.6% 120min SPX

Obama looks more corrective..... See what you think :)

Something a little different .. :) McCain has the cleaner bullish EW count going of the intrade charts...

Got there :) I wonder if BOA use EW :D :D Weekly LEH

Got the move into that 1245 area as noted before once the Alt got overbalanced. Now its at a cross roads @ 61.8%

Just like yesterday the Alts are worth keeping an eye on.. Needs to clear the 1235.75 area inorder for the bears to start to become twitchy and give the bulls more confidence, if it carn't clear then expect the same as yesterday, If it can then a move above 1245 should be on

NP Mike :) I also like the "feel" of the "ED" ed, just have to keep an eye out for this option as well.. W-X-Y (B) wave.. 120min SPX

Thanks ed yes it should say OIH :D USO is here :) http://www.elitetrader.com/vb/attachment.php?s=&postid=2057089

Daily USO Great move from that high we nailed @ $228

Thanks Rob for the kind words! I'l have a look over the weekend if I've have time, there's a about 5 options on the longer term ranging from sharp C wave to Mu's wave 4 and even being part of an ED wave 5... This comes into play now, sim to Mu's post :)