Posted by chartboy on 23rd of Feb 2021 at 06:45 pm
Dont get emotional here believe there was not anything special
about todays move. It was actually very typical action for a market
in this state. All we did was open lower, take out a bunch of
obvious stops, and then return to trade back up to the fill the gap
and backtest the broken neckline and overhead fib fan
line.
Posted by chartboy on 26th of Feb 2021 at 11:05 pm
Here is the actual chart at the point in time you are
referencing with your blue arrow. Additionally there is another
chart identifying the existance of the pattern well before we even
reached that point. And finally a third chart identify the low this
morning where price returned to the other side of the pattern I had
shared far in advance. Please do not attribute information to me
that is inaccurate.
I was pointing out that your projection was inaccurate and
indeed it was. Bottom line was good here, top line not so
much as far as any actionability. Had to be redrawn several
times.
Like Steve said, it was a small double top that signified the
reversal.
From now on just keep your smug opinion of other's posts to
yourself.
Posted by chartboy on 26th of Feb 2021 at 11:52 pm
Again, please stop attributing false information to me. Your
continued posts are bordering on harassment. In the decade plus I
have been here, this is very first time I have ever had to deal
with this type of nonsense.
The chart I posted had a correctly drawn neckline (yours below
does not). After testing that neckline, the SPX immediately fell
approximately 30+pts. That is a stupendous opportunity for any
member that benefited from that post. Then once the HnS pattern was
completed, as was evidenced by the failed retest, I shared a new
SPY chart. In that chart, (shown in the post below) I then clearly
identified the new dominant actionable pattern, the descending
broadening pattern long before price ever even approached that old
neckline again. Those are the facts and they are cleared archived
here on the page.
Dont get emotional here believe
Posted by chartboy on 23rd of Feb 2021 at 06:45 pm
Dont get emotional here believe there was not anything special about todays move. It was actually very typical action for a market in this state. All we did was open lower, take out a bunch of obvious stops, and then return to trade back up to the fill the gap and backtest the broken neckline and overhead fib fan line.
Overshot the neckline by quite
Posted by roger on 26th of Feb 2021 at 10:54 pm
Overshot the neckline by quite a bit there. But it was a good guess.
where do you think it goes next chartboy? want a hint?
Here is the actual chart
Posted by chartboy on 26th of Feb 2021 at 11:05 pm
Here is the actual chart at the point in time you are referencing with your blue arrow. Additionally there is another chart identifying the existance of the pattern well before we even reached that point. And finally a third chart identify the low this morning where price returned to the other side of the pattern I had shared far in advance. Please do not attribute information to me that is inaccurate.
I was pointing out that
Posted by roger on 26th of Feb 2021 at 11:27 pm
I was pointing out that your projection was inaccurate and indeed it was. Bottom line was good here, top line not so much as far as any actionability. Had to be redrawn several times.
Like Steve said, it was a small double top that signified the reversal.
From now on just keep your smug opinion of other's posts to yourself.
Again, please stop attributing false
Posted by chartboy on 26th of Feb 2021 at 11:52 pm
Again, please stop attributing false information to me. Your continued posts are bordering on harassment. In the decade plus I have been here, this is very first time I have ever had to deal with this type of nonsense.
The chart I posted had a correctly drawn neckline (yours below does not). After testing that neckline, the SPX immediately fell approximately 30+pts. That is a stupendous opportunity for any member that benefited from that post. Then once the HnS pattern was completed, as was evidenced by the failed retest, I shared a new SPY chart. In that chart, (shown in the post below) I then clearly identified the new dominant actionable pattern, the descending broadening pattern long before price ever even approached that old neckline again. Those are the facts and they are cleared archived here on the page.
This wasn't even a true
Posted by roger on 27th of Feb 2021 at 12:06 am
This wasn't even a true head and shoulders pattern otherwise it wouldn't play out as it did. Get it?
Your chart here clearly shows an overshoot of the "neckline" before it spiked down. I don't know what your sniffing but I want some.
btw, I've been a member for 18 years so your a relative newcomer. Sorry if I triggered you. lol
nice chart
Posted by matt on 23rd of Feb 2021 at 08:00 pm
nice chart