PURPLE LINE & THE BATTLE
#1
Posted 17 January 2013 - 11:21 AM
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton
#2
Posted 17 January 2013 - 12:03 PM
#3
Posted 17 January 2013 - 01:40 PM
Now, keep staring at financials, that should be the catalyst. (just post one BKX here for example, see others at similar key line)
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton
#4
Posted 17 January 2013 - 02:01 PM
thxs for postsBO target of that 5min triangle is 1479.65. Now look at my Daily Bear Flag upper TL at where? You got it. We could see pullback there. BO that flag, I got the Green ABWedge as resistance for pullback as said in my last two posts. Draw lines on your own streaming chart, watch them unfold LIVE for yourself, as my stuff/ postings for the purposes for Swing Trades or ST DTs as well. akola, I only post in Swing Waves or FF for now.
Now, keep staring at financials, that should be the catalyst. (just post one BKX here for example, see others at similar key line)
#5
Posted 17 January 2013 - 05:37 PM
My Dec 1st projection of the SICKLES DOUBLE TOP was this bull run's target. 1474.65 target MET today, and closed above it a bit.
Is this the DOUBLE TOP I said then? Heck Yes! Under one condition: SO FAR. LOL!
Did I say we could see pullback there at the top of my Bear Flag? Pulled back right on it. Notice the top 2 tls? one is paralleled to the Bear Flag's lower tl, which I posted recently, the other one is connecting two highs (red arrows) and today's high turned down RIGHT ON IT! (here is a lesson of always draw lines, especially precision line at critical moments, by nailing highs or lows rather then using stiff formulas like paralells, fibo, previous high/low leveled lines...etc) At least wait til 4PM PST for a new daily candle to see where Purple Line fares with today's battle.
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton
#6
Posted 17 January 2013 - 07:41 PM
Having said all that, the New Year's gap up was designed to jump-creek a VERY CRITICAL long term line to keep the LT Bull trend alive (no, laws of line TA has nothing to do with any fecal cliff in my book).
On Jan 3rd I tracked that line back to Nov 2011 in my first few posts in Swing Waves. I'll post later in SW those two charts. I would play that line as the LT context for bull or bear bias.
Edited by iloli, 17 January 2013 - 07:45 PM.
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton