DrStool Posted February 19, 2003 Report Share Posted February 19, 2003 Welcome, students of the Stool division of Faber College. Those of you interested in a quiet atmosphere in which to pursue your studies may do so here at the Stool extension of the MIT library. Please limit posts in this thread to charts and technical analysis issues. No chit chat. We will open 1 thread for this purpose each day. Moderators will have the power to delete or move off topic posts. Violators of the library quiet rules will be persecuted by the moderators. Those who wish, can continue to posts charts and TA, along with all other manner of flora and fauna in the Faber College division if Intraday Stool. What is fauna, anyway? Let's give this a try and see how it goes. Link to comment Share on other sites More sharing options...
Guest Posted February 19, 2003 Report Share Posted February 19, 2003 Half-way done? Regards, Vesselin Link to comment Share on other sites More sharing options...
GregFokker Posted February 19, 2003 Report Share Posted February 19, 2003 I like that one, Dr. B. Bonds getting bought at the open with yields in the red, QQQ pulling off its high of 25.35 to 25.23 now. Link to comment Share on other sites More sharing options...
Guest Posted February 19, 2003 Report Share Posted February 19, 2003 Dr B, Nice chart. thanks. I'm still inept at posting charts but will finish reading your thread on how to post. Very Helpful. My thoughts are we stay within a smaller channel. If you could expand your chart to include early November. Draw a line from early november highs (first week November) to yesterdays high. IMO yesterday would be it. We start 5 waves down today. Early November after testing the breakout point to the upside (November 11ish) the market went up five waves. IMO yesterday we tested breakout to the downside yesterday and now we will start 5 waves down. Of course if we take out yesterdays high significantly then my theroy is full of stool. Thanks Link to comment Share on other sites More sharing options...
cyclist Posted February 19, 2003 Report Share Posted February 19, 2003 Vesselin I get Fred goodman's stuff. Thought I'd try it for a while It's kind of wishy washy and inconsistent. I think the only value are the Crocker charts. Do you net-net think he's worthwhile. After trying for a while, I'm beginning to lean towards letting the servive expire Cyclist Link to comment Share on other sites More sharing options...
Guest Posted February 19, 2003 Report Share Posted February 19, 2003 Slink, I'm afraid don't understand you. Is this the chart you have in mind? That's not a valid resistance line by any meaning of that word. November 11 was a low - not a breakout point. Regards, Vesselin Link to comment Share on other sites More sharing options...
Guest Posted February 19, 2003 Report Share Posted February 19, 2003 Cyclist, Goodman's stuff is... interesting. Especially his price/volume charts - they are so... different. Now, whether they are actually useful - I'm not so sure. But while he was free, I was reading him regularly. Not any more, once he went into paid subscriptions. I am not familiar with "Crocker charts", sorry. Regards, Vesselin Link to comment Share on other sites More sharing options...
Rockhead Posted February 19, 2003 Report Share Posted February 19, 2003 Playing the SPY today.... FWIW....1 minute wave is down, all larger are up. Therefore, rules say no shorting until at least the 5 minute turns down. 1 minute wave top is 85.44, bottom is 85.05 5 minute wave top is 87.89, bottom is 84.76 Am expecting sideways action for a while until we get closer to the 84.76 level (84.99 also bears watching) and then a pop. Looks like it could be boring for a while. Am participating in a free online conference trying to learn some new fib software so may not post too much. Link to comment Share on other sites More sharing options...
cyclist Posted February 19, 2003 Report Share Posted February 19, 2003 Ves... the price/volume charts are the crocker charts. Benjamin crocker is credited with charting that way. Interesting and different. I agree Link to comment Share on other sites More sharing options...
Guest Posted February 19, 2003 Report Share Posted February 19, 2003 Dr B. Yes it is what I was thinking. But you have to complete the channel. Connecting the bottoms November 11 and lows last week = bottom channel. Top would be connecting two heads with parallel lines to the two channels just drawn. I.m not sure if it is correct to ignore the one hour blowoff top on December 2. I used the open on December 2. You will have formed two parallel channels approximately equal distance. Link to comment Share on other sites More sharing options...
Guest Posted February 19, 2003 Report Share Posted February 19, 2003 Slink, like this? I still disagree. The channel was broken not just on December 2 - the price was outside it for weeks. I don't think that it is valid, sorry. The green support line - perhaps, but the red resistance line - nope, no way. Regards, Vesselin Link to comment Share on other sites More sharing options...
Rockhead Posted February 19, 2003 Report Share Posted February 19, 2003 Slink, like this? I still disagree. The channel was broken not just on December 2 - the price was outside it for weeks. I don't think that it is valid, sorry. The green support line - perhaps, but the red resistance line - nope, no way. Regards, Vesselin I agree VB...the red resistance must be redrawn...probably redrawn to 1430 or so. Link to comment Share on other sites More sharing options...
DrStool Posted February 19, 2003 Author Report Share Posted February 19, 2003 Equivolume charting? That was dickarms. Not familiar w/Crocker, other than his wife, Betty. Any good Crocker books? Link to comment Share on other sites More sharing options...
Guest Posted February 19, 2003 Report Share Posted February 19, 2003 Doc, no, not equivolume. With equivolume, the thickness of the bars depends on the volume on that day: With Crocker charts, you draw price on the X axis and volume on the Y axis (or vice versa): Regards, Vesselin Link to comment Share on other sites More sharing options...
GregFokker Posted February 19, 2003 Report Share Posted February 19, 2003 That Crocker chart might have just damaged my brain, but the equivolume bars look like a useful tool. I'll be looking into it further. Thanks, Dr. B. Not going to get excited by this dip into QQQ congestion until I see a break of 24.88. Link to comment Share on other sites More sharing options...
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