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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (7058)	8/3/2005 8:19:34 PM
From: c_hl	Read Replies (2) \| Respond to of 12411

r we out side the wall ? Checked ES chart, the spiral turned up at the close. But it is a small one, target mid 125x in 3-4 sessions and then out the wall. This may work with the big SP because even it turns down, it maybe a slow drop.

To: GROUND ZERO™ who wrote (7058)	8/3/2005 9:33:11 PM
From: c_hl	Read Replies (2) \| Respond to of 12411

I checked all three. SPX: Use 7/5 high 1206.34 for CP and 7/7 low of 1183.55 for the up spiral, then SPX closed out side the wall on 7/20. SP dropped 10 points next day . Then 7/7 low as CP, 7/20 high of 1236.56 to determine the wall for the down sopiral. SPX broke the wall on 7/27 around 1232. The next small up spiral has CP at 7/20's high at 1236.56, and low on 7/21 at 1224.7. It turned veritcal last Thursday. Last Friday, SPX dropped ~10points. Now we r at a small up spiral with CP at 7/28's high of 1245.15, low at 8/1's low of 1233.8. The target is around SPX 1250 in 3 sessions. ES Use 7/5 high at 1210.75 for the CP and low at 1170.75 on 7/7 , now it just hit the wall today at the close. It should bounce off the wall in theory which means going down tommorrow. The vertical level is around 1230 but it ran over few weeks b4 hitting the wall. SP future Use 7/5 high at 1210.7 for CP and low of 1167 on 7/7, currently there are 2-3 sessions left in the wall. Vertical is around 1230 too. It is not often to see the price gets to the vertical level few weeks b4 the time runs out. That may tell us the market is really strong. The reason to pick 7/5 high as the CP is that I want to strictly follow the way you figured out. Seems to be fine. And all three will be on the same path very soon.