DrStool Posted February 28, 2003 Report Share Posted February 28, 2003 Good morning and good stool to all! This thread for posting of short term TA matters only, charts and brief discussion. No chit chat! That goes on the adjacent IDS main thread. Also longer term TA issues should go in LOB or Dr. Bontchev's TA forum. Many tanks to BB, sniff, DF, FF, rich, bontchev, slothrop, et. al. for your contributions! Link to comment Share on other sites More sharing options...
richmtn Posted February 28, 2003 Report Share Posted February 28, 2003 This chart has been helping me with support/resistance and patterns. Rich gives you permission to tape it to your computer. :wink2: Link to comment Share on other sites More sharing options...
blackbelt Posted February 28, 2003 Report Share Posted February 28, 2003 SPX - 15m Link to comment Share on other sites More sharing options...
blackbelt Posted February 28, 2003 Report Share Posted February 28, 2003 Nasdaq e-Mini - 15m It seems like the high will come in the afternoon... Link to comment Share on other sites More sharing options...
richmtn Posted February 28, 2003 Report Share Posted February 28, 2003 BB does the SPX chart imply a turn time at 11:45 along the blue rising line? Link to comment Share on other sites More sharing options...
richmtn Posted February 28, 2003 Report Share Posted February 28, 2003 Link to comment Share on other sites More sharing options...
Slothrop Posted February 28, 2003 Report Share Posted February 28, 2003 Move about 840 S&P completes the ABC and I'm shorting stocks this morning. Link to comment Share on other sites More sharing options...
blackbelt Posted February 28, 2003 Report Share Posted February 28, 2003 Rich, 11:45 is a "potential" turn ...yes....that's the time levels I usually trade around. The blue line, is the median line from the Andrews channel. It "could" provide resistance. I take intraday trades around the time pivots, on stocks that lag the market and have either bullish or bearish patterns. I trade the 1 day cycle.. Link to comment Share on other sites More sharing options...
Rockhead Posted February 28, 2003 Report Share Posted February 28, 2003 SPY, 15 minute I now have software printing major cycle tops on 1 - 15 minute charts. There is nothing that says the tops cannot be "phantomized" (in other words moved), but am respectful of such major cycle top calls. The reason for my respect of this called cycle tops on this chart is that this time frame, 15 minutes, the "waves" ( the light gray parallel lines) has mapped the recent swing quite nicely....better than all other time frames. The cycle ID (heartbeat looking thing) also plotted in the middle of a suspected cycle timing band (the horizontal green) dots. The number of "phantomized" cycle tops (half moon things that dont correspond to the cycle indicator) were few....only one. TRIX and accumulation appears to have peaked (I checked the 5 mintue time frame). Link to comment Share on other sites More sharing options...
blackbelt Posted February 28, 2003 Report Share Posted February 28, 2003 Rockhead, Good work! Link to comment Share on other sites More sharing options...
blackbelt Posted February 28, 2003 Report Share Posted February 28, 2003 I updated the 15m charts of the SPX and removed the lines that are not "in play" anymore... Refresh your browser to see the new chart... Currently on the sidelilnes, waiting for the time pivot Link to comment Share on other sites More sharing options...
Slothrop Posted February 28, 2003 Report Share Posted February 28, 2003 XAU takes out y'day's high. Link to comment Share on other sites More sharing options...
Goldmember Posted February 28, 2003 Report Share Posted February 28, 2003 Great software Rockhead! Agrees with Doc's Stooltrading charts and yet looks very simple and automated for completely mechanical trades. Looks like printing press software in the right hands. Don't forget to always look out at longer cycles while trading shorter cycles. How they work within each other is key and what I have been trying to focus on. Still lots to learn for me but I think I'm getting a handle on it. Link to comment Share on other sites More sharing options...
Slothrop Posted February 28, 2003 Report Share Posted February 28, 2003 KCS takes out its January high. Next resistance level is 4, a 33% move if completed. Link to comment Share on other sites More sharing options...
richmtn Posted February 28, 2003 Report Share Posted February 28, 2003 BB I understand that everything is just potential. I need to be more precise around you. I can see the possiblity of one day high around 11:45 +/-. Maybe dbl top. Looking for no higher than 853. Also that yield/S&P comparison chart often tells me when a move is BS. They normally stay in sync. Link to comment Share on other sites More sharing options...
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