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    AL
    albert
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    Starting it off.

    Al
    RA
    rat89
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    RA
    rat89
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    AL
    albert
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    rat,

    Awesome work.

    Al
    AL
    albert
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    Paper trading. Made some on a FAZ long call. Lost a bit on a LEN long put.

    Al


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    RA
    rat89
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    spx 60 - here are the two most likely scenarios: for the RED, primary count, wave [5] ended at 2941, and spx is in a new cycle move down. wave [1] ended at 2603, wave [2] played out as a flat to the .618 area at 2815, and wave [3] is now in play targeting 2268 or 2140. For the BLUE, alternate count, the high at 2641 was only wave [3], and wave [4] is playing out as an elliot wave triangle, ABCDE, as marked, and once E is done, price will make a new high above 2941. Obviously, a price break below 2603 invalidates the alternate count, and a break above 2941 invalidates the primary count. So, which is it?

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    AL
    albert
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    rat,

    Awesome work!

    Al
    AL
    albert
    Rep: 99
    Posts: 3,094
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    Paper trading. Made a bit on as SPY long put.

    Al :--)


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    AL
    albert
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    Paper trading. I think the other call options I have, GLUU, VNET, ONDK, HZO, and GTN are pretty much toast.

    Al
    RA
    rat89
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    bear trap?

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    DU
    Duane
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    Exceptional work fellas!

    Rat, looks like ABCDE, time and forks will tell. However it is a prime candidate for a bearish Kane 4 point pattern. They often come in wave 2. Lower highs, higher lows, coiling for a nice move. Real Pro analysis. Let the market tell us!

    Al, thanks for keeping the thread going. This is like a home away from home.

    Best to all, you guys are great!!!
    AL
    albert
    Rep: 99
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    Duane,

    Thanks.

    Al