Here's that A - B = C - D pattern on the Dow I promised
Started by
unosuke
, Feb 23 2009 10:13 PM
5 replies to this topic
#1
unosuke
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Posted 23 February 2009 - 10:13 PM
But I don't expect it all to happen tomorrow
Current Positions: Long EEV @ 40.29, Long DUG @ 24.66, Long DXD @ 59.62, Long SDS @ 72.70, Long TWM @ 61.84, Long QID @ 48.21, Long FXP @ 20.43, Long SSG @ 43.76, Short XOM @ 69.31, Short AAPL @ 117.52
#2
mogreen
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Posted 23 February 2009 - 10:35 PM
The breakout in 1995 was about INDU 4000. Straight up(a couple big corrections) until 2000 at 11000. 2002 lows around 7000 then up to 14000. 2009 we return to 7000 base..... a break of that base, a powerfull rally that fails at 8000 and then a crash to the 4000 b/o level. Yeah, i can see that senario!
#3
unosuke
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Posted 23 February 2009 - 10:47 PM
Here's an example of a successful A - B = C - D pattern, from last year:
Current Positions: Long EEV @ 40.29, Long DUG @ 24.66, Long DXD @ 59.62, Long SDS @ 72.70, Long TWM @ 61.84, Long QID @ 48.21, Long FXP @ 20.43, Long SSG @ 43.76, Short XOM @ 69.31, Short AAPL @ 117.52
#4
ed rader
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Posted 23 February 2009 - 11:04 PM
wouldn't surprise me. the markets tends to overshoot, and i think lower PEs will be a reality in the future.
ed rader
#5
ed rader
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Posted 23 February 2009 - 11:04 PM
whoops!
Edited by ed rader, 23 February 2009 - 11:05 PM.
#6
unosuke
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Posted 23 February 2009 - 11:12 PM
Here's a possible A - B = C - D pattern setup on the SPX.
Pay attention to volume this week!
Pay attention to volume this week!
Current Positions: Long EEV @ 40.29, Long DUG @ 24.66, Long DXD @ 59.62, Long SDS @ 72.70, Long TWM @ 61.84, Long QID @ 48.21, Long FXP @ 20.43, Long SSG @ 43.76, Short XOM @ 69.31, Short AAPL @ 117.52
