Friday, February 24, 2012

SPX Daily - Friday, Feb 24

@ 4 PM

Reasonable chance that Minor 3 topped today. Or it could just have been (i) of (iii) , and not the entire (iii).
Confirmation will be needed next week.


@ 12 Noon

Higher high is here, but it is likely go a bit higher.

Posted by Vega at 9:00 AM

3 comments:

  1. JeffreyGTCFebruary 24, 2012 at 1:41 PM

    Vega - be aware of an ED scenario which makes sense at the end of major rallies! It would whip traders around good. (bad)

    I tried to spell it out on my post today...

    http://jeffreygtc.blogspot.com/2012/02/friday-february-24th.html

    ReplyDelete
  2. VegaFebruary 24, 2012 at 4:11 PM

    Another high cannot be ruled out.

    RUT however is very interesting.
    Looks like some kind of sideways consolidation
    which will end with a burst higher.

    ReplyDelete
  3. JeffreyGTCFebruary 24, 2012 at 6:28 PM

    it seemed to be a whole week ahead of the SPX ... In % RUT is +38 in this wave vs. + 27% for SPX

    ReplyDelete

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