Subdividing again?
February 23, 2012 Leave a comment
I don’t want to say much about ES today. Unfortunately, i’m not good to analyze over extensions and subdivisions like this, that are really stressful. Usually resolves in a bad way, but this time i would have done better to wait five clear waves down before committing (even if on smaller time frames i saw many times).
The problem is that waiting so much for a turn, and being frustrated by slow and inexorable subidivisions, influences the serenity in watching other markets too.. but it seems that i’m returning in synch (you can read the other posts, that pretty good followed last days) and this is a good sign.
I would be surprised, at this point, for ES not to surpass 1370 to hit residual stops over there; but probably half world thinks this, and it is fooling everyone once again.
Charts: SPX still channeled and ES in a wedge/ending diagonal shape. Once broken, i’m sure many people won’t have the time to join the departed train

