Thursday, August 25, 2011

SPX Daily - Thursday, Aug 25

@ 7 PM

A squiggle count for the chop today, and possible leg up tomorrow morning.


@ 4 PM

Best guess is we have  a combination correction for wave 2.


@ 2 PM

Not sure how to count this chop just yet.

@ 12:30 PM

DAX Hourly Chart for today.

@ 12 Noon

The 61.8% and 78.6% retracements, are exactly what we had from Mar 2009 - Apr 2010 - May 2011.
The ratio between the two zigzags is even more interesting, 34/54 = .618.

Posted by Vega at 9:01 AM

3 comments:

  1. JeffreyGTCAugust 25, 2011 at 12:07 PM

    this one is working pretty well right now

    http://jeffreygtc.blogspot.com/2011/08/thurdsday-august-25th.html

    allows for a squeeze into jack-hole friday

    ReplyDelete
  2. JeffreyGTCAugust 25, 2011 at 12:10 PM

    oops...wrong link above....here it is

    http://4.bp.blogspot.com/-E_UTlTz-K5g/Tlad_qHEs-I/AAAAAAAAAU0/tKc6YpLzdoc/s1600/aug25-intra-22.jpg

    ReplyDelete
  3. VegaAugust 25, 2011 at 12:15 PM

    That count occurred to me, but the 3rd and 5th look like abc. The 5th has 5-3-9 subwave structure.

    Will just give it some more time.

    ReplyDelete

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