Guest Posted December 10, 2002 Report Share Posted December 10, 2002 The bear feared cup and handle formation on the Qs? Comments from charting experts wanted. 2 day 15 minute QQQ (DOH, sorry 'bout the wide chart) Link to comment Share on other sites More sharing options...
simple guy Posted December 10, 2002 Report Share Posted December 10, 2002 One other thought for traders When I cant get a CLEAR read on the tape, I stand aside completely. Right now, I honestly cant get a clear read on the Ewave pattern last 10 days. All I can come up with is we really had Wave 1 down from 28.70 to 25.35 on Q's... That ended this morning officially... and wave 2 should retrace to 26.46 minimum before wave 3 begins. However... thats a WAG.... and I would rather sit on my fat profits from recent trade closed out yesterday and be patient... til I get a clear signal. For now... Im sticking with a tad more upside possible, and that makes me nervous enough to do nothing right now. Link to comment Share on other sites More sharing options...
fxfox Posted December 10, 2002 Report Share Posted December 10, 2002 onischka, the e-wave guy from germany says the following: DAX needs a break of 3185 to move higher (closed at 3168 today) NDX must break 1038/39, well it broke it intraday, but will it be above that level by the close? Link to comment Share on other sites More sharing options...
simple guy Posted December 10, 2002 Report Share Posted December 10, 2002 One final note for traders and gamers "never short a quiet market" Its been very quiet for several hours... but, Im just a simple guy... what do I know??? Link to comment Share on other sites More sharing options...
PileDriver Posted December 10, 2002 Report Share Posted December 10, 2002 for fund swappers http://www.stockmarkettimer.com/public/swingtrade.htm Link to comment Share on other sites More sharing options...
Rockhead Posted December 10, 2002 Report Share Posted December 10, 2002 The bear feared cup and handle formation on the Qs? Comments from charting experts wanted. 2 day 15 minute QQQ (DOH, sorry 'bout the wide chart) not an expert here .....but that is a weak looking cup IMO. Dont think it matches the pattern. Link to comment Share on other sites More sharing options...
Guest Posted December 10, 2002 Report Share Posted December 10, 2002 The bear feared cup and handle formation on the Qs? Comments from charting experts wanted. 2 day 15 minute QQQ (DOH, sorry 'bout the wide chart) to much of a V bottom to be a cup and handle imo......also handle formed lower than right side of cup http://stockcharts.com/education/What/Char.../cupHandle.html Link to comment Share on other sites More sharing options...
fxfox Posted December 10, 2002 Report Share Posted December 10, 2002 SG, gap fill around 1065 sounds quite reasonable, but there is also a gap above 1100, cant imagine we also fill thazt one, you? Link to comment Share on other sites More sharing options...
Guest Posted December 10, 2002 Report Share Posted December 10, 2002 The bear feared cup and handle formation on the Qs? Comments from charting experts wanted. 2 day 15 minute QQQ (DOH, sorry 'bout the wide chart) not an expert here .....but that is a weak looking cup IMO. Dont think it matches the pattern. Thanks Rock. It kind of falls in-line with the weak looking inverse H&S on the SnPee that Doc pointed out earlier. Link to comment Share on other sites More sharing options...
Rockhead Posted December 10, 2002 Report Share Posted December 10, 2002 SP500 5 minute. I am calling this the Keyser Squishy parallelogram formation. I got no clue what it means. Just follow the trendlines. No offense to the Keyser.... Closed some gold longs today and have sat and chart played all day. Was a nice day for a break. Link to comment Share on other sites More sharing options...
simple guy Posted December 10, 2002 Report Share Posted December 10, 2002 FxFox I always keep an open mind, though wildly bearish on equities... I keep an open mind to all possibilities. That said, NO... I dont see that gap to 1100 NDX filling anytime soon... not before a major downdraft from here After we fill by first gap of course... I'll let y'all know when I get back in, could be as early as tomorrow... maybe even the close... but not unless I see a huge last hour surge... Link to comment Share on other sites More sharing options...
PDoody Posted December 10, 2002 Report Share Posted December 10, 2002 vix at 32.09 has retraced 38% of it's move from 11/22 but price only up a little less than 1% off low( hit today). Is that divergence or what? It' something. Link to comment Share on other sites More sharing options...
FeedFool Posted December 10, 2002 Report Share Posted December 10, 2002 Bond chart Link to comment Share on other sites More sharing options...
Miss Moneypenny Posted December 10, 2002 Report Share Posted December 10, 2002 SP500 5 minute. I am calling this the Keyser Squishy parallelogram formation. I got no clue what it means. Just follow the trendlines. No offense to the Keyser.... Closed some gold longs today and have sat and chart played all day. Was a nice day for a break. Trendline is busted! Link to comment Share on other sites More sharing options...
simple guy Posted December 10, 2002 Report Share Posted December 10, 2002 Looks like this bitch is heading down hard into the close SG may have been wrong... Oh well.... bears might party last hour here Link to comment Share on other sites More sharing options...
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