Real Time e-mini S&P Trading, plus contrarian commentary on all the markets, all the time
Financials are all going red. I like the long idea but financials have lead us up...i'm out of my long for the moment.
Actually, let me amend my thought. Today has a feeling similar to yesterday -- a few sputters of downside followed by a slow grind upwards -- except in revers. I note a few sputters on the upside, which were extremely brief, followed by a slow grind down.Just my thinking here. I would obviously change my mind should we hit some nice upside volume.
where do you think its gonna close?,Deep in the red, there is only so many shorts who will cover.Is th net short position totally public information. I think once a while all the retail brokers get together and exchange notes and pull the trigger
Hi Carl i came to this blog i think about 2years ago because having previously followed some of jerry favors work i was interested in learning more about george lindsaymy bias is to learn about a theory then test it and then if i find i need to learn more pay for the education . i called investors intelligence and bought the artcles of george lindsay . so ill be reading up on this when the bokklet comes . what i find facinating is what i brought up a few days ago when i mentioned i could see the count from the mid section on the 13 minute dow chart . using the count from the mid section which i still am not sure which point e is most important but it so far has nailed the swing low and todays early morning swing high . so that was important , the 2nd point e called the second swing low and now calls for a high near 1208 pacific time my own timing models call for a swing high by monday and then a reaction down ( or a corrective decline ) this is simply amazing work . what i dont know which is why im buying the booklet to research this more in depth is how to calcluate the move from point jjto point aaa . from an elliott wave stand point the dow should be in minor wave 5 of wave 5 up from the bottom set on march 6th .upside target is now 7260 7312 with potential towards 7337which should be completed near the 1208 time frame today yet ill give it by monday . so next week should be bearish ( bearish as in corrective how far down is not important at this point ) i just wanted to thank you for what you do have posted for refrence material as i like to do my own studdies as well as use your site as a refrence for your thoughts good luck carl joe
This last sell off in the dow looks like the rally may be done for now.. same with the s&p. They both just broke previous support levels. This afternoon should be interesting.
Well i said the market is dead as a doorknob--actually it looks like theyfinally found the fair value of the DOW--7185
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