Where I see this going Short

AMEX:SPY1D

SPDR S&P 500 ETF TRUSTArca

Description

⋅ Apr 12, 2013 3:23 PM

ABC correction to form a H&S pattern

Comments

KevinT

⋅ Apr 17, 2013 7:07 PM

Nice hit again.

itssean310

⋅ Apr 17, 2013 6:13 PM

Spot on with the low being point A(so far). Great work

AlphaCondor

⋅ Apr 17, 2013 6:29 PM

Thanks! :)

itssean310

⋅ Apr 24, 2013 9:52 PM

I know absolutely nothing on elliot wave(i believe this is elliot wave).Do you still think we will hit point B? and are you on twitter?

AlphaCondor

⋅ Apr 24, 2013 10:15 PM

Hi Sean. It is Elliott Wave. No need to go too deep studying it other than learning about 5 wave impulses and 3 wave ABC corrections, they happen ALL the time. I'm not on twitter but yes stocktwits under the same handle :)

AlphaCondor

⋅ Apr 24, 2013 10:16 PM

We've gone higher than my point B forecasted in this chart but I have more recent charts of where I think we're standing right now.

KevinT

⋅ Apr 16, 2013 11:58 PM

Bearish Hamari?

AlphaCondor

⋅ Apr 17, 2013 1:49 AM

A classic one, also a .5 retrace of the move down. Tops can be very choppy business and past few years its been hard to get any downside before May

KevinT

⋅ Apr 14, 2013 3:19 PM

I would like to agree, but with the US market on steroïds it's a tough call.