DrStool Posted March 14, 2003 Report Share Posted March 14, 2003 Good Morning and Good Stool to all. This thread is your short term and intraday TA refuge. No chit chat. That goes on the adjacent IDS thread. Longer term TA posts should go on LOB or Dr. Bontchev's TA forum! Traders, take it away! Link to comment Share on other sites More sharing options...
Oyster Posted March 14, 2003 Report Share Posted March 14, 2003 Good Morning Stoolies.......Thought of the DAY and it's an open question .... and it's brief....ANYONE thought about an upside 4 WEEK key reversal for today??????.... If not you better watch closely......because it won't be nice SHORT term for bears if so........At moment my idea is to short heavily in May at the top of the biggest jam spam we are probably about to see in this ongoing BIG BEAR.... 852....862....870 are all there for the PPT to kill Link to comment Share on other sites More sharing options...
Sphinxter Posted March 14, 2003 Report Share Posted March 14, 2003 Good Morning Stoolies.......Thought of the DAY and it's an open question.... and it's brief....ANYONE thought about an upside 4 WEEK key reversal for today??????.... If not you better watch closely......because it won't be nice SHORT term for bears if so........At moment my idea is to short heavily in May at the top of the biggest jam spam we are probably about to see in this ongoing BIG BEAR.... 852....862....870 are all there for the PPT to kill Oyster - thought about it. Do you have a chart or methodology that you find particularly compelling? Given that the UN action has fallen through I suspect we'll get our war on sooner rather than later which would support an upside move (if you accept the view of crapvision). Doc might say otherwise.... Link to comment Share on other sites More sharing options...
Oyster Posted March 14, 2003 Report Share Posted March 14, 2003 Good Morning Stoolies.......Thought of the DAY and it's an open question.... and it's brief....ANYONE thought about an upside 4 WEEK key reversal for today??????.... If not you better watch closely......because it won't be nice SHORT term for bears if so........At moment my idea is to short heavily in May at the top of the biggest jam spam we are probably about to see in this ongoing BIG BEAR.... 852....862....870 are all there for the PPT to kill Oyster - thought about it. Do you have a chart or methodology that you find particularly compelling? Given that the UN action has fallen through I suspect we'll get our war on sooner rather than later which would support an upside move (if you accept the view of crapvision). Doc might say otherwise.... Oh Dear....question that could give a large answer but have no time......methodology....so important....logical reasoning.....I am an ex Classics scholar...maybe that helped....ggg.....I use a bunch of indicators Edwards and Magee....then comes the extra stuff.....if I have time later will try to say more... Link to comment Share on other sites More sharing options...
Drano Posted March 14, 2003 Report Share Posted March 14, 2003 Oyster, did you mean to be posting here, or on the intraday thread you usually post on, which is here: http://www.capitalstool.com/forums/index.p...t=ST&f=3&t=1692 Link to comment Share on other sites More sharing options...
Contrarian Posted March 14, 2003 Report Share Posted March 14, 2003 as of the close, the market is at an extreme on my charts. While it can back and fill (as we have seen), a historically normal pattern would be to correct back down Of course, the Iraq situation may be such an anomaly that classic patterns may not apply 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 14, 2003 Report Share Posted March 14, 2003 From yesterday. Link to comment Share on other sites More sharing options...
FeedFool Posted March 14, 2003 Report Share Posted March 14, 2003 Today is turns a day so keep that in mind. We could see some retrace today if we are going to go higher from here. Link to comment Share on other sites More sharing options...
cyclist Posted March 14, 2003 Report Share Posted March 14, 2003 I agree It would be normal to sell off from here for a big rally. Of course, it would be norml to sell off if this was just a headfake. I'm trading small till things get clearer Link to comment Share on other sites More sharing options...
FeedFool Posted March 14, 2003 Report Share Posted March 14, 2003 I have found something, which bears are not going to be happy with. Bounce could last longer then one can be solvent. Link to comment Share on other sites More sharing options...
anotherone Posted March 14, 2003 Report Share Posted March 14, 2003 I have found something, which bears are not going to be happy with. Bounce could last longer then one can be solvent. Thanks for the chart, Feed. I'm going to have to start tracking that indicator. Seems to be in sync with the Bradley model at present. Are there equivalents for SPX/COMPX/NDX? Link to comment Share on other sites More sharing options...
Slothrop Posted March 14, 2003 Report Share Posted March 14, 2003 Yeah, also: SPX MACD showing higher lows from the Feb price low to the March price lower low. Very bullish. 38% retracement of the 5-wave down move from Dec to this week would take us to 846. But that's too easy: we're only 10 points away. 50% is 867 -- a more likely target, IMO. Link to comment Share on other sites More sharing options...
FeedFool Posted March 14, 2003 Report Share Posted March 14, 2003 Yeah, also: SPX MACD showing higher lows from the Feb price low to the March price lower low. Very bullish. 38% retracement of the 5-wave down move from Dec to this week would take us to 846. But that's too easy: we're only 10 points away. 50% is 867 -- a more likely target, IMO. I don?t have any shorts so I am not worried. I will pick up some longs, on retrace. Looking at the chart it is very bullish. Link to comment Share on other sites More sharing options...
FeedFool Posted March 14, 2003 Report Share Posted March 14, 2003 Ndx Link to comment Share on other sites More sharing options...
FeedFool Posted March 14, 2003 Report Share Posted March 14, 2003 Compq Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.