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He Just Got No Respect


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The SPX tries to create a "three drives to a low" pattern on the 5m chart. That implies that the next lower low is the end of the short term move. For this assumption to be correct, the upmove should end around 870

 

SPX - 5M

 

spx_5s.gif

BB,

 

I think that's one of the Answers I was looking for (even if I couldn't figure out the right question).

 

What if the Upmove does not touch 870?

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Tanks everyone. God knows, I need a rest.

 

You shouldn't miss Doc that much. BB, Oyster, and SG always do such an outstanding job with intraday timing.

 

I only wish I understood what they were talking about. :lol: :lol: :lol:

 

Whenever possible, I'll try to post a pre-market comment and will publish an abbreviated Anals most nights.

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