blackbelt Posted March 11, 2003 Report Share Posted March 11, 2003 SPX - 15m A more traditional look at the 15m chart of the SPX. Consolidations mark the middle of a move Link to comment Share on other sites More sharing options...
Slothrop Posted March 11, 2003 Report Share Posted March 11, 2003 Broadening formation to which Rockhead refers is a sign that we're approaching a s/t low. Blackbelt's chart seems to indicate the same. I'm still short, but I'm watching closely. Link to comment Share on other sites More sharing options...
Guest Posted March 11, 2003 Report Share Posted March 11, 2003 Sloth, I thought that the broadening triangle formation (aka the Balloney Bullhorn Formation) was bearish? Regards, Vesselin Link to comment Share on other sites More sharing options...
Rockhead Posted March 11, 2003 Report Share Posted March 11, 2003 That broadening or expanding triangle which I showed on the so called COMPX chart (it was actually a QQQ chart, but the formation is also in existance on COMPX) says "unstability". And as Vesselin points out....generally considered to be bearish. With BBs consolidation theory post on the SPX 15 minute chart...I am in complete agreeement....looking for SPX 794 as the target before dong attempts. Link to comment Share on other sites More sharing options...
blackbelt Posted March 11, 2003 Report Share Posted March 11, 2003 Nasdaq Composite - Daily This isn't intraday but it's very important so I decided to post it. We are entering an extremely significant time window for a turn. So...be careful Link to comment Share on other sites More sharing options...
GregFokker Posted March 11, 2003 Report Share Posted March 11, 2003 Me too, Vess, though Bulkowski is very uneasy with expanding formations, says that they're the toughest to call- not like narrowing formations, which are much more predictable. Link to comment Share on other sites More sharing options...
Rockhead Posted March 11, 2003 Report Share Posted March 11, 2003 QQQ 15 minute The expanding triangle theory looks to be playing out perfectly.........so far. The sloping downchannel theory which is also shown on this chart appears to have been violated to upside. Once again.............this will give us "fits" until its resolved. Link to comment Share on other sites More sharing options...
Slothrop Posted March 11, 2003 Report Share Posted March 11, 2003 Depends on where it forms, I think. Broadening after a run-up is bearish. Broadening after a sell-off is bullish. It's an "end of trend" formation...in my experience, however limited it may be. Link to comment Share on other sites More sharing options...
FeedFool Posted March 11, 2003 Report Share Posted March 11, 2003 joke chart Link to comment Share on other sites More sharing options...
gruff Posted March 11, 2003 Report Share Posted March 11, 2003 Levels to watch for afternoon session: NQ bbz 966.255 966.340 ES bbz 807.706~808.069 NQ desc 968 ES desc 814.25 Happy Trading! Edit: forgot add latest lines - now updated 13:45 Link to comment Share on other sites More sharing options...
Contrarian Posted March 11, 2003 Report Share Posted March 11, 2003 more swup??? 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...
FeedFool Posted March 11, 2003 Report Share Posted March 11, 2003 Joke chart Link to comment Share on other sites More sharing options...
blackbelt Posted March 11, 2003 Report Share Posted March 11, 2003 SPX - 15m Price objectives have not been met yet, but the price says that we are approaching a "turn" window. The oscillator also has a positive divergence. If we are for a short term low, next turn is 3/13 so tomorrow could be an "up" day Link to comment Share on other sites More sharing options...
gruff Posted March 11, 2003 Report Share Posted March 11, 2003 Test of being able to display 8-min ES TR chart... Link to comment Share on other sites More sharing options...
FeedFool Posted March 11, 2003 Report Share Posted March 11, 2003 Down Trend is getting stronger but no real buying or selling Link to comment Share on other sites More sharing options...
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