DrStool Posted March 3, 2003 Report Share Posted March 3, 2003 Good morning and good stool to all! Thanks to bb, sniff, Dr. B., rich, greg, sloth, contrarian, rock, DF et.al. your most excellent TA is beginning to draw a crowd. Many tanks! Just a few simple rules here. Posts are to be confined to intraday and short term TA matters and charts. No chit chat. That goes on the adjacent IDS thread. Longer term TA matters should be posted in Dr. Bontchev's TA Forum or on LOB. And awaaaay we go! Link to comment Share on other sites More sharing options...
blackbelt Posted March 3, 2003 Report Share Posted March 3, 2003 SPX - 15m Link to comment Share on other sites More sharing options...
Guest Posted March 3, 2003 Report Share Posted March 3, 2003 1364 or 1380? Regards, Vesselin Link to comment Share on other sites More sharing options...
richmtn Posted March 3, 2003 Report Share Posted March 3, 2003 Short term cycles look like a mess to me. A 6 week cycle looked the best to my eye. The chart below is an approximation of a 6 week cycle using 240 minute bars and Sto's. I think it is a good fit. The current wave, which may have already peaked as far as price, did not produce as much price increase as the previous one. This "could" roll over in a couple of days. A 10-12 month and 6 week cycle. Good luck all Rich Link to comment Share on other sites More sharing options...
Guest Posted March 3, 2003 Report Share Posted March 3, 2003 The fact that the COMPX still hasn't broken the February high of 1352.1 is mildly encouraging for the bear case... Regards, Vesselin Link to comment Share on other sites More sharing options...
Guest Posted March 3, 2003 Report Share Posted March 3, 2003 1352.1 busted. :cry: Next stop - 1364. Regards, Vesselin Link to comment Share on other sites More sharing options...
richmtn Posted March 3, 2003 Report Share Posted March 3, 2003 Bont we've still got a Fib retracement at 856 first. Let's see what happens aroung BB's potential turn time. Link to comment Share on other sites More sharing options...
blackbelt Posted March 3, 2003 Report Share Posted March 3, 2003 The Nasdaq TRIN_5 (5/20 MA) is positive...Selling pressure is higher than buying... on the NYSE buying is stronger than selling Link to comment Share on other sites More sharing options...
blackbelt Posted March 3, 2003 Report Share Posted March 3, 2003 If the SPX trades above the 2/18 high, I would be extremely careful on the short side Link to comment Share on other sites More sharing options...
Guest Posted March 3, 2003 Report Share Posted March 3, 2003 Rich, I don't think that 856 is going to hold. 863-870 looks more likely to me: Regards, Vesselin Link to comment Share on other sites More sharing options...
Guest Posted March 3, 2003 Report Share Posted March 3, 2003 On a more positive note, we just got a mini H&S Top on the 1-minute COMPX chart for today. :grin: Link to comment Share on other sites More sharing options...
Rockhead Posted March 3, 2003 Report Share Posted March 3, 2003 SPY, 1 minute Link to comment Share on other sites More sharing options...
sniff Posted March 3, 2003 Report Share Posted March 3, 2003 Unless 850 is busted on the SPX, I do not think anything will go much higher short term (this week)... Being that the SPX is the big boy on the block. It can act as an anchor for the others. *I think* Link to comment Share on other sites More sharing options...
Guest Posted March 3, 2003 Report Share Posted March 3, 2003 COMPX 1-minute mini H&S Top downside target hit. Regards, Vesselin Link to comment Share on other sites More sharing options...
Rockhead Posted March 3, 2003 Report Share Posted March 3, 2003 SPY, 5 minute Link to comment Share on other sites More sharing options...
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