Rising wedge in SPX?

Good lord, I hope you're not another "fund manager"!!


here's a rising wedgie for you.

<a href="http://imageshack.us"><img src="http://img201.imageshack.us/img201/8729/risingwedgieol8.gif" border="0" alt="Image Hosted by ImageShack.us" /></a>

 

No need to be "charitable". Please keep on re-funding your "trading account".

 

Your wedge appears incorrect to me. This is how I believe it should be drawn. As it is, there was a perfect tactical short setup, and plenty of time to manage the trade to get out of the short and go long on the next breakout.

 

nice analysis!

 

Then it looks like you DO think this is more likely: "I guess one possible outcome from here would be busting through the old highs, then pulling back and building a base at the old high."

Or perhaps you really don't have the slightest idea and can't get your thoughts straight.

 

LMAO

humble1, tron, et al, here's some insight into the mind of "bsmeter" and his ability to analyze information. The man is psychotic:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=75639

<i>"bsmeter
Registered: Jul 2006
Posts: 532
08-25-06 10:23 PM

Here's how it works:

1) MANUFACTURE the evidence. Failing that PLANT the evidence. ( Mossad operations are already in full gear in the Iraq/Iran border )

2) Full court press in the Zionist media complex where Everyone and I mean EVERYONE reads from the same script. The demonrats, the republicunts, the newscasters aka paid Zionist hacks, fifth columnist blockheads like Putz down to the sewer rats living below congress. Everyone gets to read from the same script

3) Anyone who dares deviate from the script is immediately labelled as a "traitor" by the vast Zionist media complex. If the labelling doesn't shut them up, they'll start having "mysterious accidents".

4) Create a few more manufactured red alerts to keep the public shaking in fear. The average member of the public will be led to belive that Iran will swim across the red sea, into the Mediterranean and across the vast Atlantic to kill him in his sleep at home.


And last but not least

5) Implement a Draft.

After all someone needs to guard all the oil fields."</i>

 

oh my, the illusions that dellusional newbies go through!

here's a continutation of the Wedgie!

<a href="http://imageshack.us"><img src="http://img439.imageshack.us/img439/9804/risingwedgievm4.gif" border="0" alt="Image Hosted by ImageShack.us" /></a>

Hey who am I to argue with wedgie experts like you guys, I just trade what I see. You're the ones makeing all the money trading wedgies! Too bad it's all "on paper". Deep fried?!! ROTFLMAO!! Please keep on re-funding your accounts.

 

bsmeter, lookout!...the chart shows there's a jew under your bed!...ahhh!

 

You mean the "Zionist media complex"? LMAO!

 

Hey, there's nothing more tasty than a DEEP FRIED trader-want-to-be.

Please do continue trading wedgies. See you in the markets!! YUUUUMMMMMMM!!! ROTFLMAO!!!



<a href="http://imageshack.us"><img src="http://img357.imageshack.us/img357/9892/deepfriedke4.gif" border="0" alt="Image Hosted by ImageShack.us" /></a>