10 replies to this topic

[iloli way]

I could've wait for weekend or at least after day close to post this. But I always post 'before the fact' as forecast, not as 'hindsight'.

So, while everyone seems to play along with CBs big daddy dealers, and expecting higher prices, I don't care what news is doing. This is just my usual line reading and sharing.

Lines are made for break, or for withstand; but also for swing. Grey lines are on precise points.

Happy swinging like Tarzan!

[iloli way]

BTW, I am not a conformist, nor a contrarian, just a technical trader with track records and no 'conflict of interests' tells it like it is. I don't ask WHY prices moving up or down, only watch WHAT prices saying. As normal practices, I DO use charts of other markets as supporting reference. (and i'm not posting here based on the beauty of my english) i i

Edited by iloli, 02 May 2013 - 03:38 PM.

[iloli way]

On smaller frame, this look very algo-attractive too.



The top line same as the upper Grey line before. By the time it reaches there, could be right at the apex of the Grey rising wedge around 1600. How convenient !?

Edited by iloli, 02 May 2013 - 04:54 PM.

[mss]

Very nice posting. Thanks for sharing. Here is my look FWIW. [attachment=20743:sc.png] [attachment=20744:sc_1.png] mss

Edited by mss, 02 May 2013 - 05:40 PM.

[SixSigma]

Thanks to you both, MSS and Iloli!

[iloli way]

Thanks mss, great, do they update? is that formulated fan or customized? and you too, reddy!

So it's all been about the banks. Central Master Chef stir-frying the Bankers Special (BS). If you're buying into the BS (have been or going to), what would you do when you see my lines in the sand on these charts?

Price could jump the creek/ BO to the upside; or hug the line/ keep on climbing; or sideway; or down back fill the pattern's lower line.

The question I would ask and love to know the answer of is this: where's the smart money's maximum profit margin now?

[mss]

Thanks mss, great, do they update? is that formulated fan or customized?

The fan is formulated, orange lines, the red line is last turn based on my "trend" pick. Charts will not update.

This one will.

http://stockcharts.com/c-sc/sc?s=$SPX&p=30&yr=0&mn=0&dy=15&i=p36596889205&a=295827488&r=1367578967114.png

mss

[iloli way]

The top line same as the upper Grey line before. By the time it reaches there, could be right at the apex of the Grey rising wedge around 1600. How convenient !?

Yep! Very convenient! Overnight setup bull flag, then right at the "apex" 1600, head I win, tail you lose NFP fused the squeeze blast off.



Actions in fnancials so far setting up another 'bull flag' with the gap as flag pole. Bankers Special (BS) tastes rotten, but no costumer dare to confront Master Chef, forced to pay extra tips and jumped the creek with opening price right upon my line! At least XLF, FAS did. Right now, they are backtesting the "creek" line from above already, only 2.5 hours from the open! JPM even in red; C lower than open. Update those 4 charts at EOD and see if my question of smart money can be answered in few more days.

BKX still can't get over 38.2 % fibo of 2007 peak and 09 bottom. I've been followed and posted that fibo line all along in Swing Waves. That is the real PIVOT line.

ES 'profit taking target line' rapidly approaching, yet still plenty of room to set up intraday 'bear traps'. Sky has no limit, but this line says this is no sky.



Weekend update.

[iloli way]

If you want to FEEL THE PULSE, SEE THE ROADMAP unfold, watch 1-min live stream on day like today is a real treat.

[iloli way]

If you want to FEEL THE PULSE, SEE THE ROADMAP unfold, watch 1-min live stream on day like today is a real treat.

Don't waste time only "watching", also draw your own lines and patterns if you intent to follow my LOL.

Here's mine:

Red, bearish. Green, bullish.

Edited by iloli, 03 May 2013 - 01:32 PM.