| StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500 | << 1 ... 3 4 5 6 7 ... 30 >>Post Follow-up |
| chetron 2,817 posts msg #60834 - Ignore chetron |
3/27/2008 9:16:55 PM I HAVE TAKEN IT AS FAR AS I CAN. SORRY FOLKS. WHAT DO YOU HAVE FOR THE TARGET OF THE S&P? |
| nikoschopen 2,824 posts msg #60835 - Ignore nikoschopen |
3/27/2008 9:26:02 PM
Great observation! Such a strategy as 1-2-3 breakout is pretty damn similar to what I follow, although it ain't so simple to execute in practice. You will also notice that the Keltner is superimposed on top of the Bollinger band. This allows me to know in advance when the reversal is about to occur. Rarely do I ever use Keltner in isolation. At any rate, thanks for the comment and I encourage you to chip in ure 2-cents to help get the ball rolling, whether that be the S&P cash index or merely S&P-based ETFs. |
| nikoschopen 2,824 posts msg #60836 - Ignore nikoschopen |
3/27/2008 9:34:50 PM I HAVE TAKEN IT AS FAR AS I CAN. SORRY FOLKS. Is that in reference to my MAX filter? If so, I think the guy basically wants to see the same filter you wrote for my UPTREND applied to the DOWNTREND, which means you merely need to flip the parameters from the former to the latter. No need for extra stretching. WHAT DO YOU HAVE FOR THE TARGET OF THE S&P? Over the long haul, it's gonna go far lower than 1320. I'm thinking we might reach the lower 1200 by next month. |
| nikoschopen 2,824 posts msg #60852 - Ignore nikoschopen |
3/28/2008 12:04:13 PM |
| nikoschopen 2,824 posts msg #60853 - Ignore nikoschopen |
3/28/2008 12:18:54 PM It's currently trading near 1329 and the trend looks moderately bearish at the moment. We have already retested yesterday's low earlier in the session so we will most likely break that support should we retest it again. |
| nikoschopen 2,824 posts msg #60854 - Ignore nikoschopen |
3/28/2008 12:47:27 PM |
| nikoschopen 2,824 posts msg #60855 - Ignore nikoschopen |
3/28/2008 12:51:29 PM Although it has yet to close, S&P pierced through yesterday's low which indicates that the trend in becoming increasingly bearish. As outlined above, we might be bobbing up and down in a downward channel. |
| nikoschopen 2,824 posts msg #60857 - Ignore nikoschopen |
3/28/2008 1:37:05 PM One of the most reliable points is the conflence point, especially if it lines up with either support or resistance. S&P 500 15-minute |
| nikoschopen 2,824 posts msg #60858 - Ignore nikoschopen |
3/28/2008 2:49:03 PM Now that we've reached our target, S&P should get a bounce from here. Just don't expect a large bounce. |
| nikoschopen 2,824 posts msg #60859 - Ignore nikoschopen |
3/28/2008 3:25:36 PM I think we might have hit the low of the day. I'm personally going long here. |
| StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500 | << 1 ... 3 4 5 6 7 ... 30 >>Post Follow-up |