Tuesday, October 13, 2009

A Few Charts

Emini breakdown off of the double top. Question, will it backtest the wedge to complete a 5 wave sequence?



5m SPX chart - Is there a 5th leg up left to complete C? Is this just 4 of 5 of C of P2?

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2 comments:

  1. The Lazy TraderOctober 13, 2009 at 12:59 PM

    rollin rollin rollin.... keep them doggies rollin..... lol.... ride em up, move em up....

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  2. ShankyOctober 13, 2009 at 1:08 PM

    LOL, ru so funne. Very dangerous to be short right now IMO. See that SPX xhart above with a 38% completed retracement that might be forming a triangle? Daily indicators have room to run. They need to turn before I can get committed.

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