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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?

To: Joseph Silent who wrote (7280)	1/4/2012 7:01:44 PM
From: robert b furman	Respond to of 41196

Hi JS, Just a note to say how nice it is to have your contribution on this excellent thread. I am by no means trained on much and a guru of very little. Just an observation and I encourage input and critique: It seems to me that starting with October the impulsive wave up from 1075 to 1300 is a wave 1. The next wave 2 is an abc - 1285 ish to 1150 is in Dec. We've now impulsively gone up in a wave three (which can not be the shortest). Wave 1 took us from 1150 ish to 12790 AND THEN CORRECTED DOWN TO 1200 IN LATE DECEMBER. We are now into 3 of the impulse and it is in the initial stages of a wave 1 subwave and maybe today started to correct in a short term decline AFTER JUST EAKING OUT A NEW HIGH THIS MORNING - BIG HEADFAKE. Its all in the wiggles and they change daily. The big picture is we could have us a solid breakout that carries well beyond the July high with serious resistance up there and maybe a longer corrective as the year builds that may just round trip to where we are now. Great charts and thank for sharing/joining the great H1 posters here. Bob