i couldnt go any farther it is sittiing at the 44 -62 area,have to wait for it to come out of there for direction,the wide nip below is 1199,then 1160
that 75 went to the bottom of the all time channel for supp but i see the reference, xspurt,this is where i can't predict,only project the target in either direction, if can you guess up/down from here with reasonable certainty,logic to back it up,would love to move to that next merit badge in chart reading
He already did though? This was the original chart that this thread referred to. I believe it went back even earlier than this in fact. (This was actually the second time he did for those still following along. )
Who said they are false? You? You're guilty until proven innocent in law so you stay on my shortlist as a suspect for the child porn guy. You change usernames like he does and you said the police like to interview you. Now you want to be treated like an upstanding fellow - first behave like one. Want respect? Earn it! (you're on my ignore list now for time wasting)
The Dow reacted with the red tail on the trend line when I made my last post and said that this would not be a sell but that PA was more likely to cough or splutter here and then continue up. It looks like that is what has taken place and now we can get on with the job of moving up. There is still a price to be paid for this kind of activity as it depletes the energy in the move regardless of the time frame, unless it marks time in a coil to replenish energy. This is not long enough for that so it is eating gas. There is often a bit of manipulation between now and the NY and the Dow can climb on light volume. Again news is an issue with the Eur specifically vulnerable. This market need to be closely watched over the next 2 or 3 days to make sure it has enough gas to continue. Watch for a double top on the S&P. If we get through that we can run. The position a trader should have been in is holding long from the lows. It looks like a scalper trade is set up now with potential to run if we can get through the DT.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=228133&perpage=6&pagenumber=21 I am using 3 time frames and only TA without indicators but I have to know a lot of thonks about order flow and corrections and statistics edge good luck now I am prepering live room with webex for beginers