gruff Posted March 7, 2003 Report Share Posted March 7, 2003 Is that de rarely-seen Boot Hill Cross pattern at 990-ish (162 ema and price spike)? R.I.P. for the mkt? LOL Link to comment Share on other sites More sharing options...
blackbelt Posted March 7, 2003 Report Share Posted March 7, 2003 DOW - DAILY (With Andrews Channels and Fib levels) Link to comment Share on other sites More sharing options...
Slothrop Posted March 7, 2003 Report Share Posted March 7, 2003 Stopped out of my Japan stocks for a 4% hit. Ouch. Link to comment Share on other sites More sharing options...
blackbelt Posted March 7, 2003 Report Share Posted March 7, 2003 If you havetime take a look at the 240m SPX chart I posted above. See where the price stopped previously (50% level @819.38) and see where the next level was (61.8% @ 811.62) So far the low of the day is 811.23. That tells me that the swings I picked to measure the projected moves are correct. The market is also looking for a bottom. Now what happens next.... Time will tell us.... As you see I try to pick a top for the next 18 bars move. An 18 bar move will "balance" previous downswings. Here is where we have a problem. If I measure the move from the 2/21 high the move is over. If I project it from the 3/3 high, the move will extend towards the end of next week. Now you see how critical it is for the bulls to hold this level. The time and price is "right" for a bottom. BUT.... If we trade below the current low and we extend from it, especially starting Monday the move will extend towards the next cluster of support around 3/14/03. The explanation is to help you understand what my charts are all about and how I use the swings. Link to comment Share on other sites More sharing options...
sniff Posted March 7, 2003 Report Share Posted March 7, 2003 1 1/2 hours into the day, Long enough to see trend developing and 1st 5 min candle split,,,,, Trend suggests up today. Did some extra dd on scans last night, using drill down method. To find potential shorts and longs. Starting with sector scan,.... For today Long ATVI & Short SWFT using rising or falling technical indicators, momentum and negative or positive volatiliity.... They are not the big money movers. But should be safe depending on market direction.... No way I could have dug them out any other way......... Link to comment Share on other sites More sharing options...
gruff Posted March 7, 2003 Report Share Posted March 7, 2003 ES riding upper env channel not good for bears. 162ema provides a good 'line in sand' for bearish case. Link to comment Share on other sites More sharing options...
gruff Posted March 7, 2003 Report Share Posted March 7, 2003 BB, Thank you for posting chart explanations at 11:19am. I have copied and saved it and I will review it during dz. gruff. Link to comment Share on other sites More sharing options...
Contrarian Posted March 7, 2003 Report Share Posted March 7, 2003 we tested both the bottom and the top of the historical range for my ST chart at the low and at the high and now we are back to almost where we started - back in the middle of the chart which means we are neutral - and either direction would produce hitorically consistent patterns. projecting +.15pts per hour for 10 hours in yellow +0 in white -.15 in yellow 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...
sniff Posted March 7, 2003 Report Share Posted March 7, 2003 I would mind seeing an actual trade or two... Nothing overwhelming... But we all have our idea's about where the indice's are going. But, the actual trades are what put the meat and potatoes into the market. I won't say what I did on this chart, because it would be retro... I do mark my own linear regression channels and often trade them Link to comment Share on other sites More sharing options...
gruff Posted March 7, 2003 Report Share Posted March 7, 2003 I would mind seeing an actual trade or two... Nothing overwhelming... But we all have our idea's about where the indice's are going. But, the actual trades are what put the meat and potatoes into the market. I won't say what I did on this chart, because it would be retro... I do mark my own linear regression channels and often trade them Sniff, I don't mind posting some trades. Will try it for awhile. If it clutters de thread everyone, pls, let me know. Gotta go out now for a coupla hours, will post trades for afternoon session (if any trades setup, ofkorse). success! gruff. Link to comment Share on other sites More sharing options...
sniff Posted March 7, 2003 Report Share Posted March 7, 2003 I see spx as running into stiff resistance quadruple (4) top on the 30 min. chart.... 829 Bulls would love to take that out and turn it into support......imo Link to comment Share on other sites More sharing options...
blackbelt Posted March 7, 2003 Report Share Posted March 7, 2003 Last post for today... If we are to put a "top" today, look for it around 13:45 +/- 15m. If not, then early Monday morning. I decided to start my weekend early. Have a good weekend Link to comment Share on other sites More sharing options...
Goldmember Posted March 7, 2003 Report Share Posted March 7, 2003 All the best BB!! Happy you are here. Ditto to all our other accomplished T/A afficianados. Link to comment Share on other sites More sharing options...
GregFokker Posted March 7, 2003 Report Share Posted March 7, 2003 Have a good one, Blackbelt! Link to comment Share on other sites More sharing options...
blackbelt Posted March 7, 2003 Report Share Posted March 7, 2003 I forgot to leave the number... 832 or 838 (I think ) Link to comment Share on other sites More sharing options...
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