Starting it off.

Al

Hi, guys. I guess Nasdaq may test 7770 today before another solid leg down. Low 7900's works as an alternative resistance.

howdy gents, don't forget it's oe week, so we could see some sharp moves ;)

Marcin and rat.

Cool work.

Al

Paper trading. Lost some on AMD and XLNX. Made some on TLT.

Al

Nasdaq 30points below my 7770. We will see if it ready to drop soon.

spx 60 - with and without annotations for the bear count - remember, the bear count is that spx topped at 3028. the bull count is that 2822 was only minor 2 of Major [3] P5. Be aware that this is oe week, and that prices tend to make extreme moves into oe, frequently with one major reversal during oe week. So the question is, was Monday the reversal, or was Tuesday the reversal? Tricky.

NOW what?

spy 60 - there is a potentially bullish 5 waves up to 294.15, where it stalled at the .618 retrace of the drop.....for the bullish setup, a retest of the low area in the .786 - .886 zone = 284.38 - 283.14 would be a typical wave 2 given the volatility, and a good setup for a wave 3 move up, but that low would probably not present itself until early next week. For the bear setup, there is a bear flag with an ABC move up to the .618 retrace of the drop, where C=.62*A at 294.36

rat,

Thanks for sharing your NVDA chart.


Al :--)

Originally posted by rat89

nvda

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