What I see. Chartists Q's?

Discussion in 'Technical Analysis' started by codetroll, Jan 2, 2009.

  1. Here is what I saw, I didn't draw everything or label everything because it would get all cluttered. Just labeled what I thought was important.

    My questions are labeled on the chart. Am I seeing diamonds that aren't there or did I draw them wrong?

    Are there big things that I'm missing? Something to look at in order to improve, that's the whole point of this post. And to help others with whatever feedback is given.

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2244168 width=800>
  2. CodeT;
    looks pretty consistant, so Diamonds look fine.

    Looked @ DIA and your $DJI;
    they' re both under 50dma, so that bearish.200dma is bear trend also.

    Not a stock tip, but UGA has a similiar chart;
    but its closed above 50 day moving average more.2o days data is uptrend also

    Also not primarly a day trader, but i do remember Bright tradng;
    had an older ad or chart [his website] with at least 20 days data, Hope this helps, it helped me.:cool:

    t turtle, nickname