Tuesday, January 5, 2010

1/5 - stage 2b

SPX - higher volume, higher high


SPY - should be able to go higher


RKH - 30min...wave analysis? 3 or 5???


RKH 60 - wave 3 on this chart...pullback then wave 5 possible


UUP - higher or lower? i dunno


VIX - can support hold? think many traders are looking at this..


  • 2nd day learning elliott waves and 1st day trying to apply it to the charts...damn difficult and confusing
  • based on old analysis, we are still in stage 2 and should continue higher...got the consolidation day today and think it sets up well for a resumption of rally tomorrow.

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