comments?
Edited by humble1, 02 February 2009 - 07:44 AM.
i like the globex action: it looks nothing but bullish
Started by
humble1
, Feb 02 2009 07:41 AM
10 replies to this topic
#1
humble1
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Posted 02 February 2009 - 07:41 AM
we are building quite a concrete floor from spx 804ish and higher. today is another day when the globex spoos pounded and pounded and just busted their fists. it looks like each time more concrete has been poured and the floor is harder.
now, let's rip north to and through the 944 ceiling!
yeeeee .... haaaaaa ....
comments?
comments?
#2
ogm
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Posted 02 February 2009 - 08:21 AM
It looks pretty darn bearish to me..lol.
Complacency abounds.
DOW is breakng under 8000.
#3
insideskinny
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Posted 02 February 2009 - 09:14 AM
We are going to break through and head to at least 750 again.we are building quite a concrete floor from spx 804ish and higher. today is another day when the globex spoos pounded and pounded and just busted their fists. it looks like each time more concrete has been poured and the floor is harder.
now, let's rip north to and through the 944 ceiling!
yeeeee .... haaaaaa ....
comments?
are we looking at the same chart?
The Inside Skinny
#4
Data
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Posted 02 February 2009 - 09:25 AM
he's actually a bear. that's why it looks bullish to him.
#5
tommyt
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Posted 02 February 2009 - 09:59 AM
[quote name='Data' date='Feb 2 2009, 06:25 AM' post='431075']
he's actually a bear. that's why it looks bullish to him.
Actually, I think he is short, cause not believable now after weeks of saying to the moon.
he's actually a bear. that's why it looks bullish to him.
Actually, I think he is short, cause not believable now after weeks of saying to the moon.
#6
eminimee
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I don't care who's fur is flying...
Posted 02 February 2009 - 10:06 AM
If Humble was contributing to wind power...he alone could be powering half of the US.. 
#7
Iblayz
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Posted 02 February 2009 - 10:08 AM
Cheerleading is not the answer. Both of those lower trendlines in both charts from this post....
http://www.traders-t...howtopic=100965 have been broken. One was a bearish trap....the descending wedge on the linear chart. The other is a bullish trap....a triangle trap....that just breaks down now instead of at a higher level. The bottom line for me....take out 804.30 cash and not even cheerleading will help.
http://www.traders-t...howtopic=100965 have been broken. One was a bearish trap....the descending wedge on the linear chart. The other is a bullish trap....a triangle trap....that just breaks down now instead of at a higher level. The bottom line for me....take out 804.30 cash and not even cheerleading will help.
#8
eminimee
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I don't care who's fur is flying...
Posted 02 February 2009 - 10:15 AM
Cheerleading is not the answer. Both of those lower trendlines in both charts from this post....
http://www.traders-t...howtopic=100965 have been broken. One was a bearish trap....the descending wedge on the linear chart. The other is a bullish trap....a triangle trap....that just breaks down now instead of at a higher level. The bottom line for me....take out 804.30 cash and not even cheerleading will help.
Iblayz..could you show how you are counting that triangle on an hourly chart please....and mark your abcde etc..I've been looking for a way to mark the triangle as a B wave tri as must be suggesting...but can't ..I'd be interested in how you are doing it..
Thanks
Here's mine fwiw...but also posted a few other things here if interested..
http://www.traders-t...?...00923&st=10
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=4&dy=8&i=p35843395040&a=104586413&r=6200.png
Edited by Teaparty, 02 February 2009 - 10:24 AM.
#9
Iblayz
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Posted 02 February 2009 - 10:33 AM
Tea
I am behind as it is this morning and will have to pull away and work for the rest of the day. I wasn't even thinking Elliott speak when I drew that. I simply looked at the linear daily SPX and saw that the top the other day looked like a "line fit". After drawing the line and seeing the perfect touch, I chose to post it. On cursory glance I realize three things....(1) If I am drawing a triangle with Elliott structure there, I probably started it in the wrong place....(2) The wave structure within the triangle doesn't fit the rules and....(3) Ignoring all of that....if I am using it as a valid "triangle", we are at "e" and it is bullish...i.e., we should blast out. But I have to confess, in my mind, it was a bullish descending wedge on a linear chart. Then I looked at the weekly and didn't feel so bullish. Fair enough?
And, in edit, your stuff is far better than mine anyway because I am still a greenhorn.
Edited by Iblayz, 02 February 2009 - 10:36 AM.
#10
humble1
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Posted 02 February 2009 - 12:27 PM
oh ... horrors! i see i irritated the angry bear crowd with a bullish post. funny, you never hear anyone getting touchy about the several permabears here who barrage us with negative news and subjective t/a.
