16 replies to this topic

[iloli way]

What I meant last Friday "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. " last friday HERE

... and "4 more pts and we'll fall" HERE in MSS yesterday

... is this simple observation. Futures trade at 1621.15 as shown right now. We hit 1625.8 +- today, we hit The SKY Line. Arrows showed what had happened this year when it were hit. With the strong momentum keeps up, we could BO like last September too, or just hug/climb without pullback for days to come.

Just simple elementary stuff, ignore me as please.

Edited by iloli, 08 May 2013 - 06:36 AM.

[iloli way]

That and this BKW 58.83, timing is just right!

Yesterday BKW hit high 58.47, closed 58.27.

TOO CLOSE FOR COMFORT

Edited by iloli, 08 May 2013 - 06:50 AM.

[iloli way]

Here's an UPDATE chart relates to Purple Sky Line 1625.8, in case you're still following my Grey Line BACKTESTING thread last Friday.

As can see, still 'backtesting' Grey Line!

Edited by iloli, 08 May 2013 - 07:27 AM.

[iloli way]

They keep coming don't they?

Just checked J225, hit the top tl overnight of the ABWedge i followed HERE since 4/9.

Makes you wonder, no?

[iloli way]

So which Central Master Chef is cooking now?

Should we take Japan or DAX for SPX direction? or any other way around.

Since last Nov. J225 have been moving with us like shadow.

DAX pulled triggers along the way.

Now, do bulls feel comfy with this GIANT rising wedge if believing DAX is leading now?

Edited by iloli, 08 May 2013 - 08:19 AM.

[iloli way]

OK, i'll be quite now, let the market get ready to rumble.

[PrintFaster]

Hell Squeeze on a lot of stocks today. Check out Whole Foods [attachment=20789:wfm0508.png]

[SemiBizz]

That and this BKW 58.83, timing is just right!

Yesterday BKW hit high 58.47, closed 58.27.

TOO CLOSE FOR COMFORT

Almost there, been tracking this one for long time now...

Another index milestone on BurnYanQui's Wall of Shame Will Get Crossed off.

One more left... XOI.

[SemiBizz]

58.84...

Now guess who we watch from here?

http://bigcharts.mar...&mocktick=1.gif

[Mr Dev]

i totally agree. as you say like last sept.. sept 21st to be more specific marked the top.

those days higher to come i agree would also correlate with a move up into Option Exp next friday
which could be it .. just like it marked the top last Sept 21st.

i just sent this out yesterday

last Sept the NDX peaked out @ 2878 which was +5.77% above my key
long term moving average.

it was so high that after peaking it sold off to 2494 a total of -13.34% and -8.81% below the key
long term moving average.
that set the bottom and started the rally we are in now which is +18.36% off those lows.

today the NDX @ 2952 is again above this key moving average by +7.45% or +2.32% above and beyond the
% level set last Sept compared to the key moving average seen at the last peak.

im expecting todays area to provide a move back down to at least the the key long term ma...which is currently
rising at 2791 so a sell off of 150 points from here down to that level.

so far the 2 month upward divergence seems to indicate we move down in about 4 weeks from the
start of the decline coming... hopefully tomorrow,.. but more likely ,.,. by next Friday which is the end of options-ex week,
which often mark both tops and bottoms in our markets.
in fact that last TOP on Sept 21st @ 2878 was the High on Option Ex or Sept 21st ...the final High before the -384 point sell off

What I meant last Friday "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. " last friday HERE

... and "4 more pts and we'll fall" HERE in MSS yesterday

... is this simple observation. Futures trade at 1621.15 as shown right now. We hit 1625.8 +- today, we hit The SKY Line. Arrows showed what had happened this year when it were hit. With the strong momentum keeps up, we could BO like last September too, or just hug/climb without pullback for days to come.

Just simple elementary stuff, ignore me as please.