With the price action last night and today the ES appears to be forming an ending diagonal for Minute W5. Target for Minute W5 and thus Minor W3 is 1326.25 to 1331.25, and a top should be achieved some time in the next two days.
Tuesday, 1/24/12 update
With the price action last night and today the ES appears to be forming an ending diagonal for Minute W5. Target for Minute W5 and thus Minor W3 is 1326.25 to 1331.25, and a top should be achieved some time in the next two days.
CYCLE - Green - I, II, III, IV, V - A, B, C, X PRIMARY - Red - I, II, III, IV, V - A, B, C, X MAJOR - Blue - 1, 2, 3, 4, 5 - a, b, c, x INTERMEDIATE - Purple - 1, 2, 3, 4, 5 - a, b, c, x MINOR - Red - 1, 2, 3, 4, 5 - a, b, c, x MINUTE - Green - 1, 2, 3, 4, 5 - a, b, c, x MICRO - Black - 1, 2, 3, 4, 5 - a, b, c, x NANO - Black - (1), (2), (3), (4), (5) - (a), (b), (c), (x)
Manage apple orchard & processing business full time - trade part time
Traded cattle futures professionally for family meat packing company in 1980's
Also traded stock indexes for own account
Won the US Trading Championship - Options Division in 1986 (500%+ return in 4 months)