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You aren't taking the correct high point for your retracements. "When measuring retracements with Exp flat patterns you always measure from the top of the proceeding impluse wave...in this case the top of the (A) The 61.8% came in around 1313.5, the market went 2 ticks below into the...

Agreed. Excellent post!

QFE ( quoted for emphasis ) :D

:D

You are welcome. :)

Be careful with the DUG. It is not highly correlated with the price of crude as the USO is. Also, the USO might be hard to borrow depending on who your broker is. There is a new "ETN" which is an Exchange Traded Note that just came out which is a much more pure play on Crude. Here it is...

Paulson is such a fool. He really does deserve to be taken into a back alley in the San Francisco "Tenderloin" district and . . . And no, the Enron "loophole" still has yet to be closed and may not be until the Fall of 2008 even though Senator Carl Levin introduced a Bill to close the...

Wow!!! 16,054 contracts in July 22.5's And another 10,374 in the July 25's. And another 11,239 of the Augie 25's too! Stock's down from $65 :eek:

The market simply rolled-over and retraced 61.8% of today's early morning up move. No big deal. Tomorrow morning will be key to see if 1312.00 SPX holds. If so, we could see yet another 21 point rally back up towards 1333 and yet still be in a downtrend.

All this from a guy that "bashes" the company and claims that it employs "fraudulent" employees . . . but who wanted to OPEN up an account there. As usual, you make perfect sense. :D

RTN caught an upgrade this morning. +$1.88 on the day and at an 11-day high after successfully testing the $57.00 level on several occasions. GD traded back up to the highest part of the range for the past 12 days even though the broader market has been dumping lower. LMT is trading ABOVE...

What do you want from a President that only knows how to call one "running" play after another for the last 7 years? 1st down and 10 Run the Ball. 2nd and 15 Run the Ball 3rd and 25 Run the Ball Punt, Rinse, Repeat. Continue for 7 seasons. :(

SPX came down to a touch below the .618 retracement. It would be nice to hold the 1312.00 level tomorrow morning and then rally back up for a 21-point "c" wave that gets us back up to 1333 which is where resistance would be from last Wed/Thurs lows.

Bloomberg. And it costs $1700 per month.

Where are we now in the grand scheme of things after pulling back here? 1327.17 gets us a 38.2% retracement in SPX

Don't need to. I'm not on ET to stroke my Ego. I usually am on here just to hang out with my technical "buds" down in the EWT thread in Technical Analysis. Good Luck to you.

You get what you pay for. BLOOMBERG. :)

Sweet! :p

Why not use Quotetracker and just simply set price ALERTS in the Watch List.

FYI: SUN just got slammed by a "downgrade" as the analyst Jacques Rousseau at Soleil sees Q-2 EPS at .80 cents from $1.00 per share. He's at $3.45 for the full year. The rest of the Street is at $1.34 for Q-2 so says Thomson Financial. Full year consensus is at $3.15 Perhaps some...