Gotta watch the price action in the morning carefully in regards to the neckline in the 69-71 area and of course, the gap. The jobs number was so bad, WS might say it's good (the rate cut's in the bag). 
Ewj: elliott wave
- Thread starter mu200411
- Start date
Previous Waves ii and iv supports.
DJI S&P NASDAQ
13370.4199 1473.99 2589.22 shattered
13309.7803 1465.68 2579.79 shattered
13202.2305 shattered
................... 1452.55 2554.8 ?
13116.1504 1441.75 2522.649 ?
13035.3398 1432.01 2501.429 'M' neckline.
Head and Shoulders confirmed as JSL predicted.
A small rebound to Microwave 4)c.c:aiii.ii or Subminuette 4)c.c:aiv soon.
Will an 'M' follow suit? :eek:
DJI S&P NASDAQ
13370.4199 1473.99 2589.22 shattered
13309.7803 1465.68 2579.79 shattered
13202.2305 shattered
................... 1452.55 2554.8 ?
13116.1504 1441.75 2522.649 ?
13035.3398 1432.01 2501.429 'M' neckline.
Head and Shoulders confirmed as JSL predicted.
A small rebound to Microwave 4)c.c:aiii.ii or Subminuette 4)c.c:aiv soon.
Will an 'M' follow suit? :eek:
We amateurs have our days too
11:30 was a good time to close any morning shorts along with capitulating Eurpeans (also 53-55 area coincided with measured first and today's volume indicates it's possible that we bounce to the low-mid 60s area on ES at least. If the A/D doesn't tick up along with price though, we might get another round of sell off in the afternoon, but geez these bulls are buying the dips like crazy!
http://img516.imageshack.us/img516/5984/es15minsept7kq0.png
11:30 was a good time to close any morning shorts along with capitulating Eurpeans (also 53-55 area coincided with measured first and today's volume indicates it's possible that we bounce to the low-mid 60s area on ES at least. If the A/D doesn't tick up along with price though, we might get another round of sell off in the afternoon, but geez these bulls are buying the dips like crazy!
http://img516.imageshack.us/img516/5984/es15minsept7kq0.png
Thanks,
I like the ES journal thread and it has some decent traders out there but it's also got too much noise that I'd rather not bother with. Your thread, on the other hand, is nice and quiet, with quality market analysis on your part.
Once again, keep up the good work!
I like the ES journal thread and it has some decent traders out there but it's also got too much noise that I'd rather not bother with. Your thread, on the other hand, is nice and quiet, with quality market analysis on your part.
Once again, keep up the good work!