DrStool Posted March 12, 2003 Report Posted March 12, 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! PS, you may have noticed, we have a new name, SIT. That's right, the Stool Institute of Trading. Doc figured that it was appropriate to have a name reflectiing what we do all day. SIT OK, I don't want to hear any jokes about this.
Contrarian Posted March 12, 2003 Report Posted March 12, 2003 as of yesterday's close - this morning's action pushed the ST chart down to the bottom of the range at its low (792) - Having bounced, I expect sideways to a little down for a couple of hours (retest pre-market lows?) and then a couple of hours rebound 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
gruff Posted March 12, 2003 Report Posted March 12, 2003 Good Morning Traders, NQ bbz 953.901~956.914 ES bbz 796.783~798.722 NQ desc trendline 966.50 last = 973 ES desc trendline 809.25 last = 817.50 NatuRal Squares: 7569 7744 7921 1225 1296 1369 784 841 900 961 225 256 289 324 361 400 success! gruff
gruff Posted March 12, 2003 Report Posted March 12, 2003 Trade alert... NS 62 S=68 T=56.50 T2=51 (rising)
gruff Posted March 12, 2003 Report Posted March 12, 2003 lowering stop to 63 here 10:24 probly gonna take a 1 or 1.5pt clip at 60~61.50 ish 10:30 out 60 +2pts
Slothrop Posted March 12, 2003 Report Posted March 12, 2003 The minimum for 5 waves down is complete on SPX, from the Dec 2 high. I'm covering the rest of my shorts and going to cash.
Slothrop Posted March 12, 2003 Report Posted March 12, 2003 VIX gap up above 40 is a spike, IMO. Sign of a s/t bottom, unless something unusual is up.
Slothrop Posted March 12, 2003 Report Posted March 12, 2003 XAU goes from red to green, midday. Haven't seen that pattern in a long time.
Contrarian Posted March 12, 2003 Report Posted March 12, 2003 I think the low is in for the rest of the day - but it could be sideways from here for a while projecting as of 12:30 +.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
Recommended Posts
Archived
This topic is now archived and is closed to further replies.