2 replies to this topic

[SemiBizz]

Here's the setup... it is a CLASSICAL bullish spring. Test of the Low of the Last day of Extreme Volume.



http://bigcharts.mar...&mocktick=1.gif

That's 1/9 85.15 Swing Low on the Volume Spike...

round numbers...

15 pts[Large ABC Down]

[Retracement Values]
15 x .382 = 5.75
15 x .50 = 7.50
15 x .618 = 9.25

I'm looking at this trade long with a 1 pt stop. Because we don't know for sure that it won't head right on down to 12/27- 78.77 next high volume low sequentially.

Edited by SemiBizz, 22 January 2007 - 02:04 PM.

[hiker]

yes, posted my entry in post below...it needs to move above Horizontal of 86.87 before I count my chickens hatched. 85.40's congestion zone of interest for minimal risk measurement 82.11 horizontal support below 86.87 just sold longs in TZIX by the way...note horizontals on lifetime weekly..could move higher later?

Edited by hiker, 22 January 2007 - 02:11 PM.

[Frac_Man]

Here's the setup... it is a CLASSICAL bullish spring. Test of the Low of the Last day of Extreme Volume.


that was an F7 and quite expected

Hank

see the chart on my blog

enjoy

Hank






http://bigcharts.mar...&mocktick=1.gif

That's 1/9 85.15 Swing Low on the Volume Spike...

round numbers...

15 pts[Large ABC Down]

[Retracement Values]
15 x .382 = 5.75
15 x .50 = 7.50
15 x .618 = 9.25

I'm looking at this trade long with a 1 pt stop. Because we don't know for sure that it won't head right on down to 12/27- 78.77 next high volume low sequentially.