| StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500 | << 1 ... 2 3 4 5 6 ... 30 >>Post Follow-up |
| nikoschopen 2,824 posts msg #60817 - Ignore nikoschopen |
3/27/2008 12:58:33 PM S&P strength weakening. However, we could see a minor double-top forming before it finally caves under. |
| nikoschopen 2,824 posts msg #60819 - Ignore nikoschopen |
3/27/2008 1:27:46 PM |
| nikoschopen 2,824 posts msg #60820 - Ignore nikoschopen |
3/27/2008 1:42:15 PM Voila! As you can see, S&P getting whacked as it sinks below the lower channel line. Today's price action best illustrates the Douglas Taylor's "sell day" prop where the big boys artificially pump up the price in order to sell to those who are dumb and even dumber! Crap, I can't trade and post comments with charts at the same time, ggrrrrr!!! |
| nikoschopen 2,824 posts msg #60821 - Ignore nikoschopen |
3/27/2008 2:17:42 PM Not too long ago, there was a raging debate among the two techie camps on the merits of utilizing technical oscillators--or better known as the "squigglies". The minimalists, which I belong to, believe that the indicators are useless since they will always lag prices. As you can see from my posts in this thread, you do not need squigglies to detect trend reversals. Needless to say, you would be getting a larger chunk of the profit by hopping on the bandwagon sooner using the no-squigglie method. |
| nikoschopen 2,824 posts msg #60822 - Ignore nikoschopen |
3/27/2008 2:58:10 PM |
| nikoschopen 2,824 posts msg #60826 - Ignore nikoschopen |
3/27/2008 3:32:25 PM |
| maxreturn 745 posts msg #60827 - Ignore maxreturn modified |
3/27/2008 3:37:23 PM Niko, thanks for taking the time to do this. A quick observation that you already may be taking advantage of. Joe Ross fans will note that many nice 123 breakouts set up today on both the long and short side. The "squiggly" keltner channels seem to help "frame" these trades very well. At around 8:30 a short could have been taken at around 1345. At around 10:10 a long trade at around 1337. At around 12:20 another short trade at about 1342.50. At around 1:25 a long trade at around 1337.50. |
| nikoschopen 2,824 posts msg #60828 - Ignore nikoschopen |
3/27/2008 4:08:28 PM The future looks bright for the bears while the bulls will have their glorious death as they richly deserve. Until Papa Bernanke comes to rescue his sissies, namely those whining bulls that can't function without special treatments, this market should go down in the near term. |
| chetron 2,817 posts msg #60830 - Ignore chetron |
3/27/2008 5:22:51 PM target: 1320 |
| nikoschopen 2,824 posts msg #60832 - Ignore nikoschopen modified |
3/27/2008 5:41:36 PM Hey, Chet, somebody wants you to re-translate my MAX filter for the basic subscription. |
| StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500 | << 1 ... 2 3 4 5 6 ... 30 >>Post Follow-up |