Simplicity in TA

Discussion in 'Technical Analysis' started by Xspurt, Feb 12, 2011.

  1. Duh! You were invited 4 years ago and you know the founding members.

    Time to wake up and smell the coffee - hazy memories?
     
    #451     Apr 25, 2012
  2. dv4632

    dv4632

    Would anyone have used either of these lines on their chart?
     
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    #452     Apr 25, 2012
  3. lol
     
    #453     Apr 25, 2012
  4. Sure. Can't see left but on what you present the baseline is the parallel of the long top one and the small one is a minor swing projection forming the top part of the wedge.

    Use your swings.
     
    #454     Apr 25, 2012
  5. Looks like the Double Top outcome of Xspurt will play out.

    Based on his previous "as I said" it would be time to short the 80s and 90s in the SP500 to get that leg down.

    Just updating the current action with the comments on the past to keep it in perspective.
     
    #455     Apr 25, 2012
  6. pre-FOMC run-up, all over charts for 48 hrs. Market has been exhibiting this behavior in past. Check.
    The most recent market likes to run-up on Ben's words, whenever they may be. Check.

    AAPL is being heralded as the world's most valuable company. And delivered. Check.

    AAPL drives this market, and the news spin is they have fueled the global market rally reaction (ehhh). So, co-locate that AAPL chart with the SPX at all times. It's like the old days of follow GE.
    http://www.bloomberg.com/news/2012-04-25/u-s-stock-futures-advance-apple-rallies-after-earnings.html

    All the double tops and double bottoms of whatever pattern time-frame won't hep unless you add the psychology of the charts.

    Anyway, kudos to xpurt and if you are really yoohoo alias then even better. Liked reading the old threads back in the day.

    Great thread for reflection/perspectives.
     
    #456     Apr 25, 2012
  7. Now you tell us,
     
    #457     Apr 25, 2012
  8. yeah well, i mentioned the typical fomc run-up in a thread yesterday.
     
    #458     Apr 25, 2012
  9. Yes, I just checked, many hours after AAPL had reported.
     
    #459     Apr 25, 2012
  10. i am referring to the pre-fomc run-up theory.
     
    #460     Apr 25, 2012