sniff Posted February 28, 2003 Report Share Posted February 28, 2003 I will not get excited unless 850 is taken out on large volume. This chart shows a strong resistance line within the primary falling wedge. Falling wedges are bullish, but bulls appear to have a tremendous amount of work ahead...... I do not think, so I just have to wait and see what happens... Good to see you here Rockhead...... Link to comment Share on other sites More sharing options...
Rockhead Posted February 28, 2003 Report Share Posted February 28, 2003 SPY, 60 minute This chart was posted a couple days ago and mentioned the 85.80 pivot high which is shown. I dont think we take that out as the top of this wave channel is 85.57.....but notice how the wave channel isnt that great of a fit as compared to the 15 minute shown before (you may not see this as I didnt include that much 60 minute data). FWIW...the 15 minute cycle top is still valid as I type. Link to comment Share on other sites More sharing options...
Slothrop Posted February 28, 2003 Report Share Posted February 28, 2003 VIX and VXN bearish wedges on the daily. Link to comment Share on other sites More sharing options...
GregFokker Posted February 28, 2003 Report Share Posted February 28, 2003 The bond market still won't confirm this equities rally- yields are flat... should see more selling in t-bills if this were actually a breakout. Link to comment Share on other sites More sharing options...
GregFokker Posted February 28, 2003 Report Share Posted February 28, 2003 VIX and VXN bearish wedges on the daily. Bull flags on the 60 min. Link to comment Share on other sites More sharing options...
Contrarian Posted February 28, 2003 Report Share Posted February 28, 2003 After a little "uncharacteristic" chop, it looks like we're at the top of a last gasp pop to me. It could push a little higher but I don't think so Using 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...
blackbelt Posted February 28, 2003 Report Share Posted February 28, 2003 11:45 is here... (see chart) Now we wait for price to confirm Link to comment Share on other sites More sharing options...
richmtn Posted February 28, 2003 Report Share Posted February 28, 2003 Watch the belt buckle don't go for the head fake. Link to comment Share on other sites More sharing options...
blackbelt Posted February 28, 2003 Report Share Posted February 28, 2003 Dow - Daily This is not intraday...but I want to show what the big picture is at the current phase on the DOW... The blue channel is Andrews channel. The arrow points to a change in trend (today)... we need confirmation Link to comment Share on other sites More sharing options...
Slothrop Posted February 28, 2003 Report Share Posted February 28, 2003 I am busily shorting stocks. Chart I hadn't examined in awhile: YHOO. Three tops over the last three months with lower highs on any oscillator you pick. MACD failing to confirm recent top -- not even close. Link to comment Share on other sites More sharing options...
Rockhead Posted February 28, 2003 Report Share Posted February 28, 2003 COMPX, 15 minute 15 minute wave channel is up, 5 minute is up, but 1 minute has turned to a down wave channel. Looks like we are beginning to top. Link to comment Share on other sites More sharing options...
blackbelt Posted February 28, 2003 Report Share Posted February 28, 2003 SPX - 5m Link to comment Share on other sites More sharing options...
Contrarian Posted February 28, 2003 Report Share Posted February 28, 2003 further to my last, one of the things I do is to look at the my charts if the market were to advance .15pts an hour and to decline .15pts an hour for the next 10 hours and see if the patterns are consistent with their historical characteristics. projecting +/- .15pts per hour for 10 hours 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 February 28, 2003 Report Share Posted February 28, 2003 bb, I think I see what you are on this daily chart DOW/INDU This is a screen shot of a bar chart. So the open is on the left side of the bar and the right side slides up and down during the day and stopps on the close.... just for those not familiar with bar charts. Then support looks about 7918.... that bar has already moved some... Bears would want a close below that line Link to comment Share on other sites More sharing options...
Slothrop Posted February 28, 2003 Report Share Posted February 28, 2003 Dow intraday chart now has that "Flatirons of Boulder" look to it. Rockclimbing back down here. Link to comment Share on other sites More sharing options...
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