using a 30 minute chart why cant 1213.92 be the A wave and then
bcde with e finishing hereabouts now??? yeah maybe it is a
stretch....
just wish I was here and able to take advantage of the various
triggers to go long today.... will wait for the triggers for the
short term short tomorrow if they are coming....
Posted by panaspor on 22nd of Apr 2010 at 03:45 pm
Yes, you got me. I actually shorted early in am, sold,
took a profit, shorted again when it recovered about 50%. I
then took my dog for a walk, came back and whoops! I am
sitting on a small loss position and am hoping wave e plays
out.
Thanks for the chart
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for a bullish triangle, the
net volume has gone positive, trendline break was at 12:05
Posted by matt on 22nd of Apr 2010 at 02:50 pm
for a bullish triangle, the waves are ABCDE, so here's how it may unfold, with a wave E down, then a rally to break up and out.
http://stockcharts.com/h-sc/ui?s=$SPX&p=10&yr=0&mn=0&dy=13&id=p67996192398&a=157796568&listNum=61
http://stockcharts.com/c-sc/sc?s=$SPX&p=10&yr=0&mn=0&dy=13&i=p67996192398&a=157796568&r=6815
30 minute chart can be bearish triangle, no?
Posted by perthx on 22nd of Apr 2010 at 03:58 pm
using a 30 minute chart why cant 1213.92 be the A wave and then bcde with e finishing hereabouts now??? yeah maybe it is a stretch....
just wish I was here and able to take advantage of the various triggers to go long today.... will wait for the triggers for the short term short tomorrow if they are coming....
Yes, you got me. I
Posted by panaspor on 22nd of Apr 2010 at 03:45 pm
Yes, you got me. I actually shorted early in am, sold, took a profit, shorted again when it recovered about 50%. I then took my dog for a walk, came back and whoops! I am sitting on a small loss position and am hoping wave e plays out.
Thanks for the chart