Globex 12-9-08
Look what we get to start off with boys! This is a Bullish Gartley...targets are in chart...stop is below "D" once it triggers with higher high or wide range bar
Click image for original size
as you know im bullish from 739 and will be till at least 974-980 ... but
that doesnt mean i wont sell the projection resistance areas. besides its early before the jan cycles really take hold
next good pause expected(by me anyway)around 922.50, then 974-980.50
on the downside 861 has to hold or parties over!
did you get a chance to absorb EW's dec edition yet?
I know big picture their bearish but I think they are looking for countertrend rally
1 minboll avg and avg, and 5 min boll all at 899.75-900.00... hence the pause here
5 min avg ,however is 903.08 where i think we may be heading
903 a short then??
1 and 5 min getting overbought already tho.
if they can hold that 901.50 they will run it to 90 -88 area
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