Slothrop Posted March 13, 2003 Report Share Posted March 13, 2003 S&P 780 target area hit y/day. A five wave pattern from the Dec. highs has unfolded. We should see an ABC bear market rally. Back to 830 AT LEAST. VIX spike above 40 y/day. Donging SPY and QQQ right here. Link to comment Share on other sites More sharing options...
Slothrop Posted March 13, 2003 Report Share Posted March 13, 2003 Gold down to 331 support and XAU steady. We're close to buying miners again. So close. Link to comment Share on other sites More sharing options...
FeedFool Posted March 13, 2003 Report Share Posted March 13, 2003 Bull flag in process. Should close most of today?s gap then a bounce. Link to comment Share on other sites More sharing options...
Contrarian Posted March 13, 2003 Report Share Posted March 13, 2003 FYI my ST chart at the hi on opening Link to comment Share on other sites More sharing options...
FeedFool Posted March 13, 2003 Report Share Posted March 13, 2003 Is anyone playing for a retrace on the joke? I got some Link to comment Share on other sites More sharing options...
GregFokker Posted March 13, 2003 Report Share Posted March 13, 2003 Contrarian, thanks for shrinking the charts. My desktop is ticking like a clock again Link to comment Share on other sites More sharing options...
sniff Posted March 13, 2003 Report Share Posted March 13, 2003 could be feed, US dollar trailing off from this morning high. NDX based on 5 min. bullish gartley pattern projects near 977. That is also near a 5 day fib. 975.. Just need to see what happens if this morning's low of 981.58 gets taken out. Upper range... that big red line on earlier chart. Link to comment Share on other sites More sharing options...
FeedFool Posted March 13, 2003 Report Share Posted March 13, 2003 This moves remind me of all those gaps up we had. Narrow range then gap up. One has to be loaded in advance to benefit from the move. Link to comment Share on other sites More sharing options...
blackbelt Posted March 13, 2003 Report Share Posted March 13, 2003 NDX - 15m Short term swings... Link to comment Share on other sites More sharing options...
Slothrop Posted March 13, 2003 Report Share Posted March 13, 2003 XAU exceeds previous day's high, for the first time in 9 sessions. Link to comment Share on other sites More sharing options...
Slothrop Posted March 13, 2003 Report Share Posted March 13, 2003 830 target on the S&P. Nice, steady buying binge. Gap up and then, steady, consistent pattern. No spikes. Not just short covering. I'll bet we pause at just below 830 for a day and then go higher. Link to comment Share on other sites More sharing options...
Guest Posted March 13, 2003 Report Share Posted March 13, 2003 Sloth, I've noticed that at least during the past few months, gap days have tended to be trend days. Problem is, I can't find any meaningful correlation between the direction of the gap and the direction of the trend. Sometimes the trend moves against the gap to fill it, other times it continues in the direction of the gap. Regards, Vesselin Link to comment Share on other sites More sharing options...
sniff Posted March 13, 2003 Report Share Posted March 13, 2003 could be serious QQQ problems for bears if breaks and confirms over the 25.25 line..... daily chart. Link to comment Share on other sites More sharing options...
Slothrop Posted March 13, 2003 Report Share Posted March 13, 2003 Good point, Vesselin. Gaps are uncomplicated in that they tend to get filled. But they're complicated in terms of trend...but understandable, broadly speaking. We could probably come up with a set of "if...then..." statements that would help. When I have time someday... Link to comment Share on other sites More sharing options...
blackbelt Posted March 13, 2003 Report Share Posted March 13, 2003 I might be wrong.... but I don't think the low is in. Link to comment Share on other sites More sharing options...
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