Jump to content

Archived

This topic is now archived and is closed to further replies.

Guest

Getting High

Recommended Posts

Looking at some 15 day & 30 day Naz charts. Something that I noticed was strong support in the 1366 area... with a possible triple bottom in the 30 day time frame. If one stares at that chart long enough you can see a head & shoulders pattern with 1366 the neckline. So, to me that number looks critical.... Keep in mind failed H&S patterns are strong bad medicine for bears.... So, a pre-xmas wish would be a stong break down through that area. I do not see it today. Maybe Doc's maps will change my mind?

here u go..............

post-3-1039800649_thumb.jpg

Share this post


Link to post
Share on other sites
Guest EagerBeav

Think I'll lay down for awhile, can't handle all this excitment! ;)

 

Besides, eyes are rolling to the back of my head from lack of sleep. :blink:

 

Keep the Sool hot, and DOWN! B)

 

Later.

Share this post


Link to post
Share on other sites

well at least ewave suggests that 1366 will be taken out soon thus forming the right shoulder. Awaiting Doc's PM take.

 

SG, where the hell are you?

Share this post


Link to post
Share on other sites

This may be obvious to all but 50 day ma right around 891 on sp. Doubt they'll let that break today. I'm thinkin hold shorts over weekend gap down on mon or low on tues, then the scam rally if it happens at all.

Share this post


Link to post
Share on other sites
Meta, your take is opposite of FeedFool's - correct?

 

You mean yields down, prices up?

Yep, on the weekly charts, at least.

 

Here's a daily view.

 

engine.asp?skin=marketscreen&split=1&pri=&time=&cname=&lcprice=&symbol=tnx&indicator=1,13,,;32,5,3,3;34,,,&dur=6m&freq=6&intr=&type=4&width=480&height=360

Share this post


Link to post
Share on other sites

thanks Rockhead, yes that is what I was looking at... got a gap to fill or give some gap resistance too.

 

My java charts are a little tedious to post for a quick look.

Share this post


Link to post
Share on other sites

Here's the question. Are we in a pattern of rolling 5 hour waves, or is the 1 day cycle back? I don't know the answer, but the market will tell us this afternoon. The 5 hour cycle bottomed at 10 AM and is due to peak sometime before 1-1:30. The 1 day cycle, on the other hand, just bottomed and it would tend to be up until 3-3:30.

 

Maybe they'll fight it out and the thing will trade in a 1 point range all day. Eitehr way, I see nothing to get excited about.

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Al E. Greenspeuman designer line at Stoolmart. Get yours today! Click here now!

    Support your local Stool Board.

×
×
  • Create New...