Thanks. No worries, I am working on the spx now too see if it
trades as true as the DOW. One other thing I noticed about your
wedges and find very interesting. It appears your rising wedges are
formed off the uptrend line and once that uptrend line is created
with multiple touches or a breakdown, you then draw the top of the
wedge. In 12 years of trading I have always made it a rule that
every patern must have 5 reversals (or touches). Perhaps my rule is
too strict and I have missed some of these wedges I am now
learning.
Fantastic work and thanks very much for the videos. Question; do
you find the Dow to be truer to wedge break down/up's hitting their
targets than the spx?
If I may interject...I think this is a case of the subscriber
not understanding how to apply ta and how ta is to be used...it
sounds like the subscriber is looking for an absolute which ta does
not provide...
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Coiling within patterns
Posted by chlo888 on 26th of May 2009 at 06:34 pm
Almost every index I looked at has a triangle of some sort...I would think after today's action (bullish engulfing sticks everywhere), we are going to break up and out of most of these patterns...Last Friday I saw H&S's everywhere but today's action changed the patterns...
Transports
Posted by chlo888 on 25th of May 2009 at 12:09 pm
This all important index is flashing danger for the market. We broke the H&S and retested the neckline. Now in a triangle...
Thanks. No worries, I am
Pebs
Posted by chlo888 on 25th of May 2009 at 11:19 am
Thanks. No worries, I am working on the spx now too see if it trades as true as the DOW. One other thing I noticed about your wedges and find very interesting. It appears your rising wedges are formed off the uptrend line and once that uptrend line is created with multiple touches or a breakdown, you then draw the top of the wedge. In 12 years of trading I have always made it a rule that every patern must have 5 reversals (or touches). Perhaps my rule is too strict and I have missed some of these wedges I am now learning.
RAVUN
Pebs
Posted by chlo888 on 25th of May 2009 at 10:20 am
Fantastic work and thanks very much for the videos. Question; do you find the Dow to be truer to wedge break down/up's hitting their targets than the spx?
Thanks,
GD
Matt, 833 is the target of
SPX 60 min chart.png here's an interesting chart, it's the 60 min ...
Posted by chlo888 on 21st of May 2009 at 03:16 pm
Matt,
833 is the target of the 60 min triangle that I posted and in addition there is a sizeable gap at 825-830....Nice symmetry..
SPX 60 min
Posted by chlo888 on 21st of May 2009 at 02:58 pm
Measures to 833..Transports have broken its H&S on daily
Transports
Posted by chlo888 on 21st of May 2009 at 09:59 am
Dylan, Government Sachs is the new
GS
Posted by chlo888 on 21st of May 2009 at 09:52 am
Dylan,
Government Sachs is the new name...
ES H&S
Posted by chlo888 on 20th of May 2009 at 02:40 pm
with rising channel..
Thanks Ravun. Does that change
The gap
Posted by chlo888 on 20th of May 2009 at 10:26 am
Thanks Ravun. Does that change the 975-ish target?
SPX 60 min
Posted by chlo888 on 19th of May 2009 at 02:11 pm
Could be very potent..maybe putting in a 4th reversal to complete the pattern..
ASIA
Posted by chlo888 on 19th of May 2009 at 11:10 am
Keep an eye on this one..setting up on the 60 min and 5 min...
Transports
Posted by chlo888 on 19th of May 2009 at 02:48 am
Watching this closely.
If I may interject...I think
watch out for Bombay Stock exchange. It looks like it ...
Posted by chlo888 on 18th of May 2009 at 12:17 pm
If I may interject...I think this is a case of the subscriber not understanding how to apply ta and how ta is to be used...it sounds like the subscriber is looking for an absolute which ta does not provide...
spx 60 min
Posted by chlo888 on 15th of May 2009 at 01:41 pm
Moving below the 20 dma....it COULD reverse back up..have to stay vigilant but overall it looks very weak to me..
Trans Daily
Posted by chlo888 on 15th of May 2009 at 11:30 am
This could be setting up...
Question for Ravun
Posted by chlo888 on 14th of May 2009 at 06:43 pm
Ravun,
Wondering if you see it the same way; a close below the red neckline negates the 1083 target. Do you agree? For me this tells me if we are going higher this summer.
FAZ
Posted by chlo888 on 12th of May 2009 at 03:51 pm
Thanks
A quick
Posted by chlo888 on 12th of May 2009 at 03:40 pm
For the videos Ravun. Great work and you are very generous to take the time to share.
H&S's
Posted by chlo888 on 7th of May 2009 at 01:01 pm
My screengrab is down but I see H&S's on the transports, BKX, XLF and SPX...all intraday 15 min charts..