Posted by marketguy on 10th of Aug 2010 at 10:18 pm
current thoughts (using 60 min timeframe)....
a break of the "s" levels are where I'll increase my shorts, ie
"s"hort 1, 2, 3....a break of the "c" levels are where I'll start
covering ie "c"cover 1, 2 (btw the s.o.bs did get me to cover about
a 1/3 as they made that huge push after the fed announcement and
violated c1)....
s2 seems to be the most important level and a break "may" signal
the top is in....a violation of s3 and that chance increases
dramatically...
my....
Posted by marketguy on 10th of Aug 2010 at 10:18 pm
current thoughts (using 60 min timeframe)....
a break of the "s" levels are where I'll increase my shorts, ie "s"hort 1, 2, 3....a break of the "c" levels are where I'll start covering ie "c"cover 1, 2 (btw the s.o.bs did get me to cover about a 1/3 as they made that huge push after the fed announcement and violated c1)....
s2 seems to be the most important level and a break "may" signal the top is in....a violation of s3 and that chance increases dramatically...
This is an excellent chart
Posted by Peridot on 10th of Aug 2010 at 11:41 pm
This is an excellent chart in my opinion. Thanks for sharing. p.