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Old 11-04-2009, 07:51 PM   #221
jlcnuke
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Default Re: Talking Technicals

edit: nm, missed today's candle lol

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Old 11-04-2009, 08:25 PM   #222
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Default Re: Talking Technicals

Quote:
Originally Posted by AndY_C View Post
Hi Folks,

I came across this continuation pattern today, anyone got any thoughts on whether this is a good set-up... and if so, how to play it?

Thanks,

AndyC.



Gaps are tough to play... I'd use a break of the low as a trigger short and a break of the high as a trigger long, but it'd be a quick trade and you need to find the nearest support or resistance to set as a target. It will probably only be a day trade.
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Old 11-04-2009, 11:42 PM   #223
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Old 11-04-2009, 11:44 PM   #224
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Old 11-05-2009, 12:32 AM   #225
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Old 11-05-2009, 01:12 AM   #226
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Default Re: Talking Technicals

I'm looking around at a lot of indevidual stocks and seeing a lot of short term bullish setups, SO if the spx takes off from here to 1080 we need to adjust the neck line to be a slanted neck line and Keep an eye on the 1080 level for a bounce off of it. There isn't a law that says the neck line of a head and shoulders has to be horizontal but I think it makes it just a little more valid if it is.
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Old 11-05-2009, 10:45 AM   #227
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Default Re: Talking Technicals

SPX gapped up again today... It'll probably sell off later to fill it.
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Old 11-05-2009, 07:58 PM   #228
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Old 11-05-2009, 11:43 PM   #229
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Default Re: Talking Technicals

If the market comes down to 1040 (spx) tomorrow you need to buy it up for the short term. Video coming soon.

BAC may be forming inverse head and shoulders

SPX if it comes down to 1040 it's a short term inverse head and shoulders.

Lots of short term bullish setups happening in individual stocks right now.

SPX MAY be making an ascending triangle with 1100 as the top level of the triangle... It may be double topping... It May be making a head and shoulders... at this point... I'm not sure EXACTLY how it's going to play out but I know that tomorrow SHOULD be a weak day and if it is you should be buying that weakness for the short term... at least until 1080 spx.
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Old 11-06-2009, 12:06 AM   #230
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