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ALSI FUTURES SHORT

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Rams
Super Contributor
2ND SHORTING OPPORTUNITY.I5 MIN AND 5 MIN STOCH CHARTS OVERSOLD AT EXTREME OF WAVE 4. STOP LOSS 29462 AT EXTREME OF WAVE 1. FIRST TARGET AT 29162(EXTREME OF WAVE 3). 2ND TARGET AT 29066. LAST TARGET LOWER.Lets see where this goes.
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6 REPLIES 6
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Rams i have the following as targets. TARGET 1 =29112 where wave 5 = .618 wave 1 Target 2 =28926 where wave 5 = wave 1(more likely) But i can also count this as a tripple zigzag correction with the z not completed as yet.
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Rams
Super Contributor
Yes z seems likely, wave 5 seems unlikely , will have to exit today for a small loss I think.Will check why my targets did not correspond to yours
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remember the z wave is also down and can end at least lower as todays low.Just make sure u exit before close because if the is the 5 th wave it can be followed by a 2nd wave up(higher degree)so maybe gap up tomorrow.
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My target for sp 500 futeres 1305 more or less (if only a correction)If impuls lower.
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Rams
Super Contributor
Out at17H00 for a 50 point profit. Not waiting till 17h30-important meeting.
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RAMS IF U LOOK AT THE PRESENT MOVE IT LOOKS CORRECTIVE SUGGESTING MORE UPSIDE TO COME BUT:- Go to http://web.streetauthority.com/terms/b/broadeningtop.asp WHEN U SEE THE BROADENING TOP THE MARKET WILL EVENTUALLY DROP DO U SPOT THE ENDING DIAGONAL 2HR CHART. SMALL BROADENING TOP 15 MIN CHART. POSSIBLY BIG BROADENING TOP 2 HR CHART DEVELOPING.
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