Jump to content



Photo

SPX weekly


  • Please log in to reply
8 replies to this topic

#1 totterdell91

totterdell91

    Member

  • Traders-Talk User
  • 494 posts

Posted 27 January 2012 - 05:37 PM

Posted Image

#2 selecto

selecto

    Member

  • Traders-Talk User
  • 6,871 posts

Posted 27 January 2012 - 06:04 PM

http://stockcharts.com/c-sc/sc?s=$SPX&p=W&yr=1&mn=0&dy=0&i=p48770161613&a=249108781&r=2394.png

#3 fib_1618

fib_1618

    Member

  • Traders-Talk User
  • 8,284 posts

Posted 27 January 2012 - 06:44 PM

Just finished my cursory view of things, and believe it or not, we're now highly "oversold" on the NYA group of stocks based on the Open 10 TRIN. Amazing. Fib

Better to ignore me than abhor me.

Wise men don't need advice. Fools won't take it. - Benjamin Franklin

Technical Watch Subscriptions

Technical Watch Twitter Page

Technical Watch Facebook Page


#4 Rogerdodger

Rogerdodger

    Member

  • TT Member*
  • 24,225 posts

Posted 27 January 2012 - 07:33 PM

Lots of "evening stars" doji type of weekly candles mark tops.
But with FED bubbling the only thing left which they can bubble...who knows?
Americanbulls.com:
Candlestick Analysis This week a Doji was formed.
This shows indecision about the direction of the market and it represents a tug-of-war between buyers and sellers.

Edited by Rogerdodger, 27 January 2012 - 07:35 PM.


#5 zoropb

zoropb

    Member

  • Traders-Talk User
  • 6,319 posts

Posted 27 January 2012 - 07:54 PM

This has nothing to do with this thread just thought it might be interesting what tax payer money paid for the GDP return on 2011. In 2011, the US economy grew by 1.7%. In 2011 US debt held by the public grew by 11.3%. ZH. The other 9.6% went to pay our creditors 40% of the balance, paying for Gov bills of over spending and the rest to prop up the banks little mistake in risk models with RE. Make your own conclusions for standard of living down the road. Nothing to do with IT trading though. btw nice charts guys. Fib great group man and DR can still belt it out.
I run a traders Blog with high probability targeting on ES , YM, and will put up 3 others if asked. I mainly trade es and YM. http://ztradingintro.blogspot.com/ YM targeting is closed to any new members for good. Thanks for your interest. Good trades to you.

#6 Rogerdodger

Rogerdodger

    Member

  • TT Member*
  • 24,225 posts

Posted 27 January 2012 - 08:16 PM

What happens if we draw the trendline from the 2007 high to the May 2011 high?

Posted Image



#7 totterdell91

totterdell91

    Member

  • Traders-Talk User
  • 494 posts

Posted 27 January 2012 - 08:28 PM

The XJO (S&P ASX 200) is the fund managers index in Australia. It is heavily influenced by US funds, and as such I often use it to get a lead on the US activity. The Friday session gave a good lead in that we had been pressuring the red upper for a couple of days, the XJO gapped it ( indicating someone other than me believed it was there ) was allowed to stretch, then got hit with the big stick to bring it back to the line.

The point however, is that we have a break & probable new trend which has a certain rising wedge flavour about it


Posted Image

#8 totterdell91

totterdell91

    Member

  • Traders-Talk User
  • 494 posts

Posted 27 January 2012 - 08:39 PM

What happens if we draw the trendline from the 2007 high to the May 2011 high?

Posted Image

#9 totterdell91

totterdell91

    Member

  • Traders-Talk User
  • 494 posts

Posted 27 January 2012 - 09:33 PM

What happens if we draw the trendline from the 2007 high to the May 2011 high?


Posted Image