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The MIT TA Symposium March 19, 2003


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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!

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One of the many charts from NIGHT STOOL.

 

I redid the Gann Fan to see the larger picture. I also superimposed a 10-13 week cycle using ROC. The vertical lines are approximate lows in the cycle.

FeedFool asked how high we might go.

The blue oval represents what I see as the upper range of this rally if we get that high.

Note the red line hitting 920 has stopped the previous rallys.

 

post-2-1048036865.png

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COMPX approaching initial shport at 1380. Given the steep and unsustainable rise of the past few days, I don't think that it is going to hold. A more likely next stop if the Fibonacci retracement at 1366 (for today) and the stronger shport level at 1353 (for tomorrow?). The latter is likely to hold. Don't be caught long if 1310 breaks.

 

engine.asp?pri=&time=&symbol=comp&indicator=34,,,;64,9,,&dur=1m&freq=6&intr=&type=1&width=480&height=360&.gif

 

Regards,

Vesselin

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