Posted by cwa82675 on 11th of Feb 2009 at 02:04 pm
psychologically that will coincide perfectly. break the
trendlines to get everyone bearish, and then give us a good abc
rally to backtest the trendlines from beneath. maximum
confusion for the uneducated. great charts today matt!
Posted by dallassteve on 11th of Feb 2009 at 02:24 pm
sounds right to me, because I've made that mistake. SPX
flirting with 823 now. Will it dip just enough to make
everyone bearish, then start to rally? Earlier in the day, I
gave up on SSO when it hit my stop. Small profit, but better
than losing money.
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psychologically that will coincide perfectly.
SPX 10 min chart.png Here's another chart of the SPX 10 ...
Posted by cwa82675 on 11th of Feb 2009 at 02:04 pm
psychologically that will coincide perfectly. break the trendlines to get everyone bearish, and then give us a good abc rally to backtest the trendlines from beneath. maximum confusion for the uneducated. great charts today matt!
SPX 10 min chart.png thx, here's
Posted by matt on 11th of Feb 2009 at 02:29 pm
thx, here's another chart, there is positive divergence now on that low, now whether it plays it is another story, but something to note anyway
sounds right to me, because
Posted by dallassteve on 11th of Feb 2009 at 02:24 pm
sounds right to me, because I've made that mistake. SPX flirting with 823 now. Will it dip just enough to make everyone bearish, then start to rally? Earlier in the day, I gave up on SSO when it hit my stop. Small profit, but better than losing money.