At the moment, the most logical count is the bullish green option. It meshes in well with the weekly (extended option) chart I have been tracking if the move since Oct 2011 has been extending.
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| 60 Min |
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| Weekly |
Showing posts with label weekly. Show all posts
Showing posts with label weekly. Show all posts
Saturday, September 21, 2013
9/21/13
Been slammed at work so not much time lately. The previous red and purple options (bearish) I was tracking were eliminated with the new high.
At the moment, the most logical count is the bullish green option. It meshes in well with the weekly (extended option) chart I have been tracking if the move since Oct 2011 has been extending.
At the moment, the most logical count is the bullish green option. It meshes in well with the weekly (extended option) chart I have been tracking if the move since Oct 2011 has been extending.
Wednesday, September 11, 2013
9/11/13 - EOD Update
No change from yesterday's post. The red option is still in play until a new all time high is made.
Take a look at the weekly chart below. I posted this a few times before. This would line up with the green option if the market is extending to 2000.
Take a look at the weekly chart below. I posted this a few times before. This would line up with the green option if the market is extending to 2000.
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| 60 Min |
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| Weekly |
Thursday, August 15, 2013
8/15/13 - AM Update
Some targets for 3 or c if 2 or b is complete.
Should you need a visual for the trade setup.
Five waves up. Can trade this pullback
I forget if I have posted this weekly option in the past. I believe I did previously post that bears should not get too excited yet if the market takes a step back here.
The 13 week EMA has been relevant for a bit so lets see if it comes into play again.
The primary has finally played out. As I mentioned Tues, I wouldn't be surprised if the bullish triangle would fail.
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| 1 Min - 9:53 AM |
Should you need a visual for the trade setup.
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| 1 Min - 9:37 AM |
Five waves up. Can trade this pullback
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| 1 Min - 9:35 AM |
I forget if I have posted this weekly option in the past. I believe I did previously post that bears should not get too excited yet if the market takes a step back here.
The 13 week EMA has been relevant for a bit so lets see if it comes into play again.
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| Weekly |
The primary has finally played out. As I mentioned Tues, I wouldn't be surprised if the bullish triangle would fail.
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| 60 Min - 7:12 AM |
Thursday, August 1, 2013
8/1/13 - AM Update
Five tiny waves down off the day's high.
I will use this time to remind folks of this chart and count. The green count here is the ultra bullish option showing wave (3) in an extension. Either it extends in 9 waves or 13.
The black option is the longer term bearish count waiting for a wave C extension to complete or a complex wave Y. One must ask themselves though, should a correction be this bullish?
Happy August. Looks like the market went with the obvious. All the chop was the clue.
The flat option is not out yet since it now becomes an expanded flat potential. At the moment though, green is back in the game as a wave 5 in progress to wrap this all up near the upper channel unless it decides to truncate.
If we treat this tri also as a cup and handle, I see a 1722 target.
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| 1 Min - 8:06 AM |
I will use this time to remind folks of this chart and count. The green count here is the ultra bullish option showing wave (3) in an extension. Either it extends in 9 waves or 13.
The black option is the longer term bearish count waiting for a wave C extension to complete or a complex wave Y. One must ask themselves though, should a correction be this bullish?
 |
| Weekly |
Happy August. Looks like the market went with the obvious. All the chop was the clue.
The flat option is not out yet since it now becomes an expanded flat potential. At the moment though, green is back in the game as a wave 5 in progress to wrap this all up near the upper channel unless it decides to truncate.
If we treat this tri also as a cup and handle, I see a 1722 target.
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| 60 Min - 6:52 AM |
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