DrStool Posted February 25, 2003 Report Share Posted February 25, 2003 I remembered today! This thread for short term TA only. Good stool! Link to comment Share on other sites More sharing options...
Bird D Durr Posted February 25, 2003 Report Share Posted February 25, 2003 Looks like the bearish wedge in AMGN is finally coming to fruition...................... Appears to be headed to the late 40's from here................ "SHORT AND HOLD"....................Profit From It Link to comment Share on other sites More sharing options...
K Wave Rider Posted February 25, 2003 Report Share Posted February 25, 2003 World update.. New bear market lows in much of Euroland. LOB! France, Germany, Belgium, Denmark, Greece, Netherlands, Norway, Sweden, Switzerland all joining in the fun. Link to comment Share on other sites More sharing options...
blackbelt Posted February 25, 2003 Report Share Posted February 25, 2003 ES - 15m (regular session) The futures currently (8:27am) trade at 825.25. That's below Friday's low, which negates the outside up bar from then. Link to comment Share on other sites More sharing options...
blackbelt Posted February 25, 2003 Report Share Posted February 25, 2003 SPX - 60m The first hour of today's trading (+/-1 hour) is a time pivot (dual). Whether it will be a high or a low is something we should know by noon Link to comment Share on other sites More sharing options...
blackbelt Posted February 25, 2003 Report Share Posted February 25, 2003 I updated the 15m chart of the E-Mini I posted earlier. Refresh your browswer and scroll up to see the new chart. 816 is the measured target from the consolidation that took place late yesterday Link to comment Share on other sites More sharing options...
Slothrop Posted February 25, 2003 Report Share Posted February 25, 2003 Best short: CCU. Best long: KCS. Link to comment Share on other sites More sharing options...
sniff Posted February 25, 2003 Report Share Posted February 25, 2003 This morning's gap calculation projections on the compx High...1301(done) Center...1287 Low...1272 What do I think..... I try not to...But, it seems bad news is out for today and I will * guess* 1272 *might* hold. wow, Greg. look at the trinq.... how long do you think it can stay above 4.00, ... about that long... it just dropped a bit, back up, down, up... anyway I will watch for a range break to the low side... range 3.55 to 4.31 Link to comment Share on other sites More sharing options...
GregFokker Posted February 25, 2003 Report Share Posted February 25, 2003 TRINQ is too high, but it can stay here for a long time- how long did it sit below .30? Link to comment Share on other sites More sharing options...
blackbelt Posted February 25, 2003 Report Share Posted February 25, 2003 I thought it would be appropriate to post the pattern that the SPX currently operates within (on the daily chart). It's called the "Holy Grail" and it's described in the "Street Smarts" book by Connors and Raschke. When the 14day ADX is higher than 30 and the 20day EMA contains the price (as it did here), then the expectation is that the price will test the established low (or high if there is an uptrend) Link to comment Share on other sites More sharing options...
Slothrop Posted February 25, 2003 Report Share Posted February 25, 2003 VIX doji, on the daily, at this moment. Link to comment Share on other sites More sharing options...
Slothrop Posted February 25, 2003 Report Share Posted February 25, 2003 VXN barely budges on the sell-off. Actually looks bullish, but how can that be? Link to comment Share on other sites More sharing options...
Windbreaker Posted February 25, 2003 Report Share Posted February 25, 2003 Thanks for pointing that out, BB ---- A good example page for Grail buys and sells can be found here. Link to comment Share on other sites More sharing options...
sniff Posted February 25, 2003 Report Share Posted February 25, 2003 assuming the spx comes back for a test of near 808... Then that would be extreme critical support. Where we would watch for a double bottom or a big fall... either way I will be watching for a large volume move to confirm? Just my interpetation. GF, took a closer look at the trinq chart... The last time the .30 stayed down about 5 days for 9/14 to 9/19... The high tops have not been able to hold up more that about 1/2 day in sudden violent (sp) spurts. This must mean something? Is the market trying to chop higher, jeez I hope not.....only looking at the extremes..... Link to comment Share on other sites More sharing options...
GregFokker Posted February 25, 2003 Report Share Posted February 25, 2003 TRINQ seems to be easing off- 3.64 now, up from around 3.52 on this move (compuker crashed). Link to comment Share on other sites More sharing options...
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