sniff Posted March 3, 2003 Report Share Posted March 3, 2003 the short term NDX h&s shoulders appears resolve. Unless it breaks above the 1000 new resistance line. If so, Flip the head and shoulder upside down and project 985 in this short time frame. I usually just think of the h&s pattern as having a hinge at the neckline. Just release it and let it swing down, so the tip of the head is now at the lowest point.... that's the new target.... Unless the invisible hand shows up .... but still watch 1000...... No need to make a new chart, here....just look at my last one if you want,. or yours. Nothing like pure abstract TA Link to comment Share on other sites More sharing options...
FeedFool Posted March 3, 2003 Report Share Posted March 3, 2003 Next stop Link to comment Share on other sites More sharing options...
Rockhead Posted March 3, 2003 Report Share Posted March 3, 2003 SPY, 15 minute Time to see if this is still the "in charge" time frame. Do or die time. Link to comment Share on other sites More sharing options...
richmtn Posted March 3, 2003 Report Share Posted March 3, 2003 Push push. 4-5 week. Link to comment Share on other sites More sharing options...
gruff Posted March 3, 2003 Report Share Posted March 3, 2003 Not much more downside today? Bounce possibull here. Link to comment Share on other sites More sharing options...
richmtn Posted March 3, 2003 Report Share Posted March 3, 2003 S&P 8 day. Rolling rolling rolling... Link to comment Share on other sites More sharing options...
Rockhead Posted March 3, 2003 Report Share Posted March 3, 2003 SPY 15 minute Software has readjusted the wave patterns. 15 minute is now down. Link to comment Share on other sites More sharing options...
sniff Posted March 3, 2003 Report Share Posted March 3, 2003 nice chart Gruff, sure looks like it.... I think that is a ndx futures 30 min chart? Will the 30 min. charts compress while the 60 min. charts play catch-up... Looking at the stochastics.... Seems like ambushes everywhere. Makes charting tough, as many traders seem to be fading the chart patterns. And about everything else.... Is musical chairs & the game of hot potatoe included in TA? I think RGLD was a hot potatoe. Link to comment Share on other sites More sharing options...
gruff Posted March 3, 2003 Report Share Posted March 3, 2003 This indicator is often usable on a trending day (QC:ADVDECV) ... Link to comment Share on other sites More sharing options...
gruff Posted March 3, 2003 Report Share Posted March 3, 2003 nice chart Gruff, sure looks like it.... I think that is a ndx futures 30 min chart? Will the 30 min. charts compress while the 60 min. charts play catch-up... Looking at the stochastics.... Seems like ambushes everywhere. Makes charting tough, as many traders seem to be fading the chart patterns. ?And about everything else.... Is musical chairs & the game of hot potatoe included in TA? I think RGLD was a hot potatoe. Yes, Sniff. It's a 13-min of ndx fuctures. For comparison here is the 60-min chart... note the divergence 13-min LR = up, 60-min LR = down. Tomorrow, they should both be pointing down - then it should accelerate down to 966 level (natural square at 961). Ve shall zee. Edit: I forgot to mention 1024 NatSq = exact hod today! Also... mebbe not tomorrow, but *when* LR on both charts are pointing down we can be sure the trend has turned. Link to comment Share on other sites More sharing options...
Contrarian Posted March 3, 2003 Report Share Posted March 3, 2003 we are now entering bounce-danger territory projecting +/- .15pts per hour for 10 hours on HOURLY SPY data: my ST chart and my IT Attractor For those unfamiliar with my charts, an explanation can be found here. It focuses on daily data but is applicable to hourly by substituting hours for days in the trends, moving averages, lookback periods, slopes, etc Link to comment Share on other sites More sharing options...
FeedFool Posted March 3, 2003 Report Share Posted March 3, 2003 I have to say bounce will be coming tomorrow which is short able. Link to comment Share on other sites More sharing options...
richmtn Posted March 3, 2003 Report Share Posted March 3, 2003 This is the 6 week I posted earlier. It is on the cusp. I would really like this to turn down. Link to comment Share on other sites More sharing options...
FeedFool Posted March 3, 2003 Report Share Posted March 3, 2003 Rich That down move like we seen in Jan will come into plays tomorrow after the bounce. Link to comment Share on other sites More sharing options...
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