Here is Roy's week-end update with a short clip of the SPX where he starts with the daily chart with the highest probability still the 1-2, 1-2 down count. He has a few different options on how this current 2nd wave could play out as well as a bullish count, that so far does not look very promising, with some important levels to watch for signs of a break down, and 1070 being the final nail in the bulls coffin. To view the video Click here!!!
Saturday, May 29, 2010
Week-end outlook
Here is Roy's week-end update with a short clip of the SPX where he starts with the daily chart with the highest probability still the 1-2, 1-2 down count. He has a few different options on how this current 2nd wave could play out as well as a bullish count, that so far does not look very promising, with some important levels to watch for signs of a break down, and 1070 being the final nail in the bulls coffin. To view the video Click here!!!
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The max of next week can be 1110, the low 1005. Good count!!
ReplyDeleteAPPLE INC shows resistance and negative divergence
ReplyDeletehttp://niftychartsandpatterns.blogspot.com/2010/05/apple-divergence-and-resistance-in.html
Thank you
Euro vs Usdollar moving in a channel with upside possibilities
ReplyDeletehttp://niftychartsandpatterns.blogspot.com/2010/05/euro-vs-usdollar-moving-in-channel.html
Thank you
Mike on a wave 4 how much does it usually retrace back of wave 3, 50% or 61.8%?
ReplyDeleteHello Kim, 38%, or back to the 4th of the 3rd, one degree smaller :)
ReplyDeleteThank you!
ReplyDeleteThis is a effective article for me.
ReplyDeleteGood blog!!
Thank you.
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