Your guide for the next 5 years
#1
Posted 17 May 2008 - 04:11 PM
http://stockcharts.com/c-sc/sc?s=$OEX&p=W&yr=9&mn=6&dy=0&i=p57106758944&a=106691891&r=3882.png
#2
Posted 17 May 2008 - 04:27 PM
#3
Posted 17 May 2008 - 04:43 PM
‘Enormous Bank Losses’ Lie Ahead…Carlyle’s Rubenstein Says
http://mrmortgage.ml-implode.com/
Edited by OEXCHAOS, 25 July 2009 - 05:50 PM.
#4
Posted 17 May 2008 - 05:15 PM
#5
Posted 17 May 2008 - 05:27 PM
thanks, TP haven't exchanged posts with your for some time. You probably don't even remember me ...... I don't come around too often anymore ......just at tops and bottoms
so what's the occasion this time ?
ed rader
#6
Posted 17 May 2008 - 05:44 PM
#7
Posted 17 May 2008 - 06:07 PM
#8
Posted 17 May 2008 - 06:09 PM
Tea, just wondering if an alternate call might not be a cup and handle.
Granted, the cup is not exactly rounded, and I don't know if downward slants at the top are allowed, but it does almost have that look.
Actually, I'm basing this on having just seen a similar-scale chart of SPX, where it looks a bit more like a cup. So I guess I'm guilty of projection.
Anyway, just tossing it out... Maybe the C&H experts can weigh in and tell me I'm wrong.
The right side of a C&H pattern is just a bullish pattern of higher-lows and higher-highs. The C&H breakout is just price breaking above resistance with no overhead sell supply. The dimishing volume in the cup handle is a warning that selling is drying up.
I don't think TP ever looks for similar overhead supply with his advanced chart analysis which excludes trading volume.
#9
Posted 17 May 2008 - 10:37 PM
Edited by A-ha, 17 May 2008 - 10:41 PM.
#10
Posted 17 May 2008 - 11:50 PM
thanks, TP haven't exchanged posts with your for some time. You probably don't even remember me ...... I don't come around too often anymore ......just at tops and bottoms
so what's the occasion this time ?
ed rader