DislikedThere is also AB=CD on weekly,
from A=192.47 -> B=209.01
to C=199.70 -> D=216.22 (possible Target) and same as UTL on Weekly..
Conclusion: The Resistance Factor: the 2 levels on weekly are 50 EMA[Weekly]= 215.22 and 200EMA [weekly] =219.97, Now the only probllem here is that level @ 213.90 been testd from January 2008 5 or more times and is very solid, and the question now is, who is going to WIN, PA/TA or Fundies (bad news)
Trade SAFE
http://www.doske.com/Charts/ES-12.pngIgnored
How about 216.22 FE100, Weekly TL, AB=CD ..etc. (and finish on W4) ??
I''ve got enough of Butcher shop reports