that was fun, quick trades, now I'll let the market settle down
a bit and consolidate a bit intra day.
As you can see, the SPX rallied up and stoped at the downtrend
line of the wedge. I think it can ultimately break this
wedge, but it's logical that it stopped on the first try at the
trendline
SPX 60 min chart.png that was fun,
Posted by matt on 9th of Mar 2009 at 10:38 am
that was fun, quick trades, now I'll let the market settle down a bit and consolidate a bit intra day.
As you can see, the SPX rallied up and stoped at the downtrend line of the wedge. I think it can ultimately break this wedge, but it's logical that it stopped on the first try at the trendline
Ending Diagonal
Posted by finam on 9th of Mar 2009 at 11:07 am
This is another look at the wedge (or Ending Diagonal) that may be playing out.
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=1894565,17&cmd=show,IDAY[N]&disp=E
http://stockcharts.com/h-sc/ui?s=$SPX&p=15&yr=0&mn=0&dy=20&id=p91427478581&a=161744808&listNum=17 Sorry, I think that I
Posted by finam on 9th of Mar 2009 at 11:10 am
http://stockcharts.com/h-sc/ui?s=$SPX&p=15&yr=0&mn=0&dy=20&id=p91427478581&a=161744808&listNum=17
Sorry, I think that I attached the wrong chart.