andycan
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nice BezBez said:There is also that Measured Move target on the SPX thast come into play...
looks familiar :cheesy:
nice BezBez said:There is also that Measured Move target on the SPX thast come into play...
we sure were!!!Bez said:Yes we were on about it back in Oct with those great charts of yours
http://www.trade2win.com/boards/showthread.php?p=283968#post283968
Bez said:Hi Tricks,
It has been to quiet on here lately....
The INDU hit its 261.8% target so i wouldn't be surprised if we get a pull back from here...Time wise I would of liked the 23rd as a hit but the 16th also gets some triangle hits..(16, 26,42)
This is my alt bull count that keeps niggling me, which give the 8th of March as a low ...
Bez said:It can be hard a first to get a grasp on the waves and which degrees to lable but it comes easier after time. I've lost count (no pun int how many times i've thumbed through Prechter's books over the years to double check counts.
I would like a pull back to a fib ratio measured from point (8) to point (9) but no lower than point (8)'s low as this was the last Medium delta turn point ( 12337) . If it breaks that it means a high frame is in and I would have to re assess things.
We are due a medium delta point high around this week ...so that INDU EW count would fit very well to have the next Medium delta point low on the 8th+/- of March as a wave 4 low.
It quite rare to have more than 9 waves on a higher degree daily time frame & the 261.8% extention is a classic wave 3 target so this area (+/- for stops) will catch the eye of the techincal traders now this months buy options expiration is out the way....
But I'm just an intraday trader, I only look at the higher time frames as a gray matter exercise just to get a basic idea of directional pressure.
dc2000 said:anyone fancy 12677
Slapshot said:I'd say yes to your target, but I guess it depends which way its' going to break out of the converging trendlines.....
leovirgo said:Looks like it's on the way to 670..
firewalker99 said:Looks like it needs some kind of catalyst to break that support
Edit: as we speak...
The_Prophet said:Catalyst - Well we have Iran causing a bit of a fuss.. will it lead to anything?