MortiES' Intraday Update 30Jun2009

Written by Mortie
June 30th, 2009at 10:34 am

IMO we are in Wave C of the daily W4. This is a quick post from work to let followers know what I’m seeing.

es-intraday-30jun2009

Categories: Markets

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  1. Steve Steve says:

    Mortie,

    I use the Advanced Get for years, i know all the rules. Thnx

  2. Mortie Mortie says:

    That was 926.25 and 926.00 ~ sorry.

  3. Mortie Mortie says:

    Steve: yes this is the eSignal Advanced GET. Pricing for a new buy is about $4,000 I think. I purchased this years ago from Joseph and got a great deal on upgrade. Then it’s the normal data feed fees. IMO, it’s worth it. It is not a magic box though and you have to have a good understanding of EW to know when to override the software count or which of the many counts to use. For me though, the MOB and ellipse studies are worth the price by themselves. This is what the MOB study did for me this morning. (I don’t know if this picture is going to make it, but I placed a limit sell at 916.25 ~ dead center in a MOB. Got filled at 916 on the spike that only lasted a second)

    Katzo: I usually go to the lowest time frame that gives me a good picture of the market action in terms of EW. I then start throwing MOB’s and ellipses around until I see something promising.

    1_estrade30jun2009.jpg

  4. Katzo7 Katzo7 says:

    Thnx mortie. Do you switch to 1 minute on extreme moves (like today) and then to a longer term (3 or 5 min.) at all? I have found even my 5 minute will switch counts periodically on strange days.

  5. Steve Steve says:

    Is this the eSignal, Advanced GET Edition software?

    Can you give more details about pricing and data feed?

  6. Peter Peter says:

    Great waves count Mortie! Thanks for updates.

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