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MarcinO
Rep: 67
Posts: 5,506
ES still in a decision area. So far it is still unclear whether the move down to 1818 was the whole correction or W1 / AB leg of a bigger pattern.
Structure of the last advance indicates that the latter is more likely to be true.

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es 2014 01 12 png
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jimkane
Rep: 3,058
Posts: 33,089
roofer just posted his SPY exit in the public area.
JI
jimkane
Rep: 3,058
Posts: 33,089
Russell and MidCaps at new all-time highs, Trannies yesterday. Same old story. No one watches those as they talk about about the slightly lower high in S&P or Dow, and they look for the failure/reversal that doesn't happen. We'll see.
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jimkane
Rep: 3,058
Posts: 33,089
Any second now. Like I was saying...
RA
rat89
Rep: 0
Posts: 7,015
yup.....short it now :)
RA
rat89
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Posts: 7,015
here is the 1.27 exit on qqq

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screen shot 2014 01 15 at 11 11 51 am png
RA
rat89
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Posts: 7,015
there is another area up there in the red box.....but for now price has tagged a few lines


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screen shot 2014 01 15 at 11 31 32 am png
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rat89
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Posts: 7,015
another one
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screen shot 2014 01 15 at 11 38 27 am png
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rat89
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Posts: 7,015
and you know what I'm thinking here at the retest


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screen shot 2014 01 15 at 12 14 19 pm png
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rat89
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Posts: 7,015
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screen shot 2014 01 15 at 3 13 58 pm png
MA
MarcinO
Rep: 67
Posts: 5,506
Cable, DB.


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6b 2014 01 16 png
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jimkane
Rep: 3,058
Posts: 33,089
Yes, with the B point at the .300. Totally random, yeah, right. It was too much to ask for this to be a 'W3' into the close. But, I can at least dream...

Edited: Corrected 'A' point above to the correct 'B' point.