bullish!: a rising triple bottom with an up gap trapper

what a beautiful pitchfork bottom, you have there ms. market! i see that calendar day symmetry: 10/10 - 10/16 - 10/22. you are an artist as well as a great beauty. while the distracted were screaming about a catch down day in asia, which futures had told everyone was a done deal, ms. market quietly worked on an UP GAP to lock in the triple bottom process on the spx. will it hold until the open and through the day? i really don't know, but if it does: it is a chart bull's dream. you would even be able to draw an island-making circle through the 10/10/08 gap down and the possible 10/10/23 gap up - an island reversal. bearishness - even aggressive bearishness - is as thick as a london fog. there are many good people who are bearish. a few are over the top psycho, but almost all others have, understandably, been tsunami'ed by the bad news which the 46.7% drop on the spx told us was coming. is that not what you should expect at major market turns?

Edited by humble1, 23 October 2008 - 02:41 AM.

already on it here, h1 europe open was a little choppy, but nothing too wacky long and strong with tight stops, as always we'll see what develops fwiw

fm: thanks. that cycle you mentioned yesterday. it completed, yes? the war gosh one.

h1, yes, the aspect was 'exact' around midnight EST plus or minus a couple days on those, so we'll see should get very interesting here these next few hours we've got the job claims farce report this morning, always fun to watch the 'positioning' fwiw

selling off just a tad here starting to get interesting fwiw

The script is sell after first hour gap up,
Buy the last hour or so...
Waiting to add 3/4 positions!


http://www.traders-t...mp;#entry408707

what a beautiful pitchfork bottom, you have there ms. market! i see that calendar day symmetry: 10/10 - 10/16 - 10/22. you are an artist as well as a great beauty.



while the distracted were screaming about a catch down day in asia, which futures had told everyone was a done deal, ms. market quietly worked on an UP GAP to lock in the triple bottom process on the spx. will it hold until the open and through the day? i really don't know, but if it does: it is a chart bull's dream. you would even be able to draw an island-making circle through the 10/10/08 gap down and the possible 10/10/23 gap up - an island reversal.

bearishness - even aggressive bearishness - is as thick as a london fog. there are many good people who are bearish. a few are over the top psycho, but almost all others have, understandably, been tsunami'ed by the bad news which the 46.7% drop on the spx told us was coming.

is that not what you should expect at major market turns?

......