Edited by xD&Cox, 09 January 2007 - 05:47 PM.
update on second nail...
#1
Posted 09 January 2007 - 05:38 PM
#2
Posted 09 January 2007 - 05:53 PM
Edited by xD&Cox, 09 January 2007 - 05:55 PM.
#3
Posted 09 January 2007 - 05:55 PM
With the current state of RSI5, its more probable it'll go up than not. But if it doesn't, are you going to chase it down?
This must be your product cycle..
Edited by dcengr, 09 January 2007 - 06:00 PM.
#4
Posted 09 January 2007 - 06:08 PM
You're expecting a back test of the broken trendline in SPX then.
With the current state of RSI5, its more probable it'll go up than not. But if it doesn't, are you going to chase it down?
no I wont chase it. i think we will have enough time.
as you may remember, i have the third week of January as a potential plunge week.
the other potential one was the week commencing Dec 18 2006 and we got a sell off on NDX about %4 starting exactly on Dec 18 ...but it wasnt even close to what i expected.
i was and am expecting something like %10-%15 plunge in a week as a start
#5
Posted 09 January 2007 - 06:25 PM
You're expecting a back test of the broken trendline in SPX then.
With the current state of RSI5, its more probable it'll go up than not. But if it doesn't, are you going to chase it down?
no I wont chase it. i think we will have enough time.
as you may remember, i have the third week of January as a potential plunge week.
the other potential one was the week commencing Dec 18 2006 and we got a sell off on NDX about %4 starting exactly on Dec 18 ...but it wasnt even close to what i expected.
i was and am expecting something like %10-%15 plunge in a week as a start
Here you go.
#6
Posted 09 January 2007 - 06:33 PM
#7
Posted 09 January 2007 - 06:40 PM
Interesting pattern DC, and fits well with what I exactly expect.
Whats even more interesting is the time frame thats on the bottom of that chart.. 7 months 10 days..
Not quite 3rd week of January, pending where you take point 14.
#8
Posted 09 January 2007 - 06:50 PM
#9
Posted 09 January 2007 - 07:06 PM
I am not familiar with this pattern at all.
The 1936, 1946, 1966 patterns are sorta this pattern.
The exception is the 1986 pattern.. and I still give that a decent chance of occuring.
Lindsay's work is similar to Gann's work. They took price patterns and basically distilled the average pattern out. Not bad for old dinosaurs without computers.
#10
Posted 09 January 2007 - 07:08 PM