Edited by opinionated, 16 April 2013 - 10:31 AM.
Chart pattern on Spy
Started by
opinionated
, Apr 16 2013 10:31 AM
5 replies to this topic
#1
opinionated
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Posted 16 April 2013 - 10:31 AM
Just sharing don't bash
But I have a Inverted H&S on spy 5m that targets 157.50
Actually another room I frequent.
O
FWIW
#2
ogm
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Posted 16 April 2013 - 10:39 AM
I'm watching this...
We should be within a couple points of the bounce peak, if we are in a downtrend now.
Would be a typical bounce to the moving averages from short term oversold condition.
Though this market has certainly had a lot of zigzags.
We should be within a couple points of the bounce peak, if we are in a downtrend now.
Would be a typical bounce to the moving averages from short term oversold condition.
Though this market has certainly had a lot of zigzags.
Edited by ogm, 16 April 2013 - 10:41 AM.
#3
securelstmile
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Posted 16 April 2013 - 10:43 AM
Just sharing don't bash
But I have a Inverted H&S on spy 5m that targets 157.50
Actually another room I frequent.
O
FWIW
jinx...look on the thread where we spoke below. We posted the same thing at the same time. Reverse head and shoulders. yep.
The harder I work, the luckier I get.
#4
ogm
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Posted 16 April 2013 - 10:57 AM
I think this is the peak for the day now at 1565 area.
#5
opinionated
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Posted 16 April 2013 - 11:10 AM
I think this is the peak for the day now at 1565 area.
Possibly it (IS) the top of the long extenson Profit targets But hold 63 and 66 comes into play break that targets 67 then gap fill at 81.50
FWIW
100% MMM on spy is 158.16 Then Reset one way or the other.
#6
pdx5
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I want return OF my money more than return ON my money
Posted 17 April 2013 - 02:01 AM
Don't think all the investors who were on the side lines for 4 years are done with bargain hunting. There are very few alternate avenues yielding even remotely attractive returns except the blue chip stocks. It will require another couple of days like Monday to discourage them to go back into hiding.
But now it is a day traders dream market.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
