8 replies to this topic

[spielchekr]

The 200ma flatlines when price meets the black area. The 200ma slope has already pulled away from the -50% line it's been attached to for so long.

[Tor]

So I guess you feel we are going to SPX 1050 then? I dont know if we go that igh, but am looking for higher prices here.

Edited by Tor, 15 July 2009 - 06:22 AM.

[humble1]

this is a VERY rare opportunity to make quickly an awful LOT of money on the long side. i could elaborate but am on moderation and this post will probably be blocked or posted very late so i won't bother.

[spielchekr]

So I guess you feel we are going to SPX 1050 then? I dont know if we go that igh, but am looking for higher prices here.

Didn't say that. But we will definitely visit the Land of Positivity. I currently think this is the objective for those who will distribute their inventory, because ma indicators can disguise distribution from that point, especially the longer term ones.

At this point, being long is no risk, and I don't say that without knowing what a jinx it usually is. Price will go to the black zone, minimum.

Edited by spielchekr, 15 July 2009 - 07:17 AM.

[Tor]

I would tend to agree, being LONG is actually quite low risk here, at least for this week then we see. Of course I would put in a stop just in case, but the chart seems to say it all right here. If we start failing then start to short, but all this fading stuff seems rather strange to me. Lets see how it pans out. Thanks for the excellent chart.

[iloli way]

Right on. The goal here is to get the best distribution price possible, while leaving the 200ma "momentum" (slope) intact for the ensuing drop. To do this, they'll want to hit the red/white border ASAP (that's the 200ma flatline borderline) in the highlighted area. Live chart:

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=0&dy=0&i=p69783660400&a=171873777&r=7825.png
I really like this live chart and your comment. Looks like you still stand by this view? Thank you spiel. Hope you don't mind I bring it up to today's.

[spielchekr]

Right on. The goal here is to get the best distribution price possible, while leaving the 200ma "momentum" (slope) intact for the ensuing drop. To do this, they'll want to hit the red/white border ASAP (that's the 200ma flatline borderline) in the highlighted area. Live chart:

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=0&dy=0&i=p69783660400&a=171873777&r=7825.png
I really like this live chart and your comment. Looks like you still stand by this view? Thank you spiel. Hope you don't mind I bring it up to today's.

Yeah, I really think they want the coast to look clear for distribution a high. Technically, if price were to exactly follow the red/white border down to the March low, the 200ma would form a perfect flatline. I don't expect that to happen. But for the purpose of explanation, you can imagine all of the positive divergence that would produce for the 200-day time period.

[spielchekr]

Price has popped above the blue (20 period) and red (34 period) prices for flatline ma boundaries today. Of course, those ma dots (top and 5th from top) now curl north today. All lines have been cleared except for the 200ma's flatline price. And conveniently, price will remain above those lines for the opex duration.

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=4&dy=0&i=p73916814947&a=172989750&r=102.png

Edited by spielchekr, 15 July 2009 - 11:49 AM.

[spielchekr]

We have arrived at the "Land of Positivity". Now it's time to watch for that distribution stuff to happen. Have I not nailed this so far?

http://www.traders-t...?...=108354&hl=