DrStool Posted March 17, 2003 Report Posted March 17, 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!
strikerm3 Posted March 17, 2003 Report Posted March 17, 2003 Head and shoulder pattern from saavy charts
Slothrop Posted March 17, 2003 Report Posted March 17, 2003 SPX: straight up impulsive wave = much more up to come. Looking for a break of 853, target of 867 or so. KCS bounced off its 55-dma Friday and looks positive for back above 3 bucks. XNG bounding too. Miners showing strength -- look good for this week.
Slothrop Posted March 17, 2003 Report Posted March 17, 2003 NET bought late last week at 16 -- having a good day. Two closes above the 55-dma and it starts filling the gap.
Slothrop Posted March 17, 2003 Report Posted March 17, 2003 SPX 853 easily blown out. We're on our way to at least 867...today?
sniff Posted March 17, 2003 Report Posted March 17, 2003 Just watching the fibs getting knocked out.... I do have an interesting projection on the qqq at 26.67......maybe we will get a little sell the news....
Slothrop Posted March 17, 2003 Report Posted March 17, 2003 VIX up. You would expect it to be down with a 150 Dow rally. Hmmm...
sniff Posted March 17, 2003 Report Posted March 17, 2003 The 26.67 qqq projection was based on 1.618 retrace of last leg... also ndx 1070........... a source also says a gann reversal date....... don't know much about that.... could be? Chicago Boys may have the shorts about blown out... Iraq news,,, oh really...... market just looking for ways to get your money...... as usual......
Slothrop Posted March 17, 2003 Report Posted March 17, 2003 Friday's QQQ doji looks like it might be a "halfway doji" for those of you who measure and project.
sniff Posted March 17, 2003 Report Posted March 17, 2003 Let's see now, would this be the retrace of the retrace of the retrace? anyway, if the 1.618 retrace was valid.... then *suggested* downside targets .236....26.22 .382....25.94 etc etc if todays high gets taken out then, time to recalulate
FeedFool Posted March 17, 2003 Report Posted March 17, 2003 Last time I have seen max pain target blown was in October rally. $TNX has more upside. Stick with scalping until pictures get little clearer.
FeedFool Posted March 17, 2003 Report Posted March 17, 2003 War rally has landed before the bombs. When the bombs do drop Bush will make sure it will not fizzled out.
FeedFool Posted March 17, 2003 Report Posted March 17, 2003 I have not seen anything like this for some time.
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