Now I remember, I kept looking for that f'n inside head and shoulders LC was talking about, I am easily distracted by bright, shiny things, and still can't see a head and shoulder pattern, it drives me nuts when you talk about a diamond too lc.
I think you have been around long enough to know that when you add too many ingredients to the pot you screw up the recipe.
From time and cycles group -- one guy says : "Hi. Tonight's chart of ESH9 features Bearish Wedges." See his chart attached. Pek says market zooms past 920 so we got Pek v Wedges
Why don't you see it ? The break of the neckline at 908 is what took it up to 918. http://quotes.ino.com/chart/?s=CME_ES.Z08.E&v=s
Another guy says: hello Wood we also got tonight the kiss of death,(not confirmed on nasdaq) but here are my stops for es 912.5 904 895.5 883.75 first 2 are buy stops last 2 sell stops Ben ---------------- wedge, kiss of death, IHS, diamond........
I say none of the above and take "high or low for the week during oe happens on the wed theory". Depending on how option interest settles after today we can still hit 868 to 880 in the next few days.
on the spy weekly,11/10 and 12/16 tops,91.80 res and 9/22 12/08 tops 88.43 supp,these #s change some when you reduce your weekly to a 30 min,on daily oscillators, macd under o,williams overbought at 90 and slow stochastics at 76,using 80 as overbought and 20 as oversold
Next time I will post it with a small chart ... so that you can be the judge yourself. My trading computer is not the one I use for internet surfing, so it is easier for me to skip the charts.