|
PureBytes Links
Trading Reference Links
|
Ernie,
Very interesting regarding your 910-913 range. I sent Ben (3) private e-mails this weekend which discussed the same support area. I'll post for the group starting with the daily:
Ben, I'm with you and Don on the above. I'll get a little more nervous if 911.64 gets taken out to the downside on a close. There is major support in the 904-915 area. Notice how what is now a wave 3 came to a halt at the 2.618 extension of wave 1. The 1.618 extension was 904.36. That area was resistance with the A wave move up (classic) and now should provide support for this retrace. I can see 1000 as a first target which is the minor wave 4 of the 3 wave down. Next post I'll show you an interesting chart of a Weekly S&P Gann box which supports 1000-1050
Lenny
In a message dated 8/27/2002 10:04:41 PM Eastern Daylight Time, ernie.hill@xxxxxxxxxx writes:
While today could have been the bottom, we still need to see a confirmation signal. Until then the lower targets are still very viable possibilities. Particularly the 910-913 range. If today was not the short term bottom we are very close as my cycle 1 indicator moved into the buy zone with today’s price action.
Yahoo! Groups Sponsor
ADVERTISEMENT<a href="http://rd.yahoo.com/M=228862.2128520.3581629.2225242/D=egroupweb/S=1705001779:HM/A=1182733/R=0/*http://adfarm.mediaplex.com/ad/ck/990-1736-1039-334
" target="_top">
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
Attachment:
Description: ""
|