pivot points (转贴)

jeff110

From the ELLIOTT WAVE: "In the weekend report of Sept 11th we noted that the end/continuation of the multi-month trading range would likely be determined within the Sept 16th to Sept 21st timeframe. There had been a recurring negative pattern after rallies for the past several months. This rally from SPX 1040 was heading into that potential negative again during this time period. With today's new uptrend high at SPX 1149 the negative pattern has been broken. The uptrend from the early July SPX 1011 low should now continue higher with pullbacks along the way. Today's wild late day swing is one of those pullbacks. From the recent late August low at SPX 1040 the market had only two pullbacks one of 14 and the other 12 points, respectively. Today's pullback from SPX 1149 to 1136 is the third. Since we can count five waves up from the SPX 1040 low into today's high, should this pullback breakdown through the OEW 1136 pivot range the market could retest the 1107 pivot. A further rally to breakout above the 1146 pivot range should help the market to rally into the 1160's and the 1168 pivot. Technical day tomorrow, could be quite interesting. Best to your trading! "

wave

ppteam

useless.

西安

shoujie

Thanks

fall2008