52 replies to this topic

[TechMan]

This is what everyone in the world's watching: the red solid trendline along with the Fibonacci Retracement levels. The trendline has been tested twice since November bottom.





Zooming in, you'd see that I've added two gray candlesticks. It's just an assumption that's based on Friday's price rejection at the red dotted upper trendline. In any case, if/when the 3rd encounter with the red solid lower trendline takes place, 1637 is the support/breakout level.





What everyone in the world is not watching, however, is the IPI (red curve). The NYSE IPI (not shown here) has been in decline for 9 sessions in a row. Here's the long term view of the NQ IPI from 2007 to the present.

Edited by TechMan, 08 September 2013 - 09:21 AM.

[da_cheif]

the red line nobody seems to care about http://www.siliconin...?msgid=28919938

[TechMan]

If anyone's keeping track of this...

[opinionated]

the red line nobody seems to care about http://www.siliconin...?msgid=28919938

Thank chief you are a very welcome addition here IMO! You keep my thoughts, expectations ballanced. Many reliable turn indicaters are saying bottom an about 30% are saying not quite yet. Vst indicaters are starting to point back down as of fridays close. A week close monday will seal that. IF that happens at min. A double bottom is at hand. Trying to stay open minded....

O

[da_cheif]

the red line nobody seems to care about http://www.siliconin...?msgid=28919938

Thank chief you are a very welcome addition here IMO! You keep my thoughts, expectations ballanced. Many reliable turn indicaters are saying bottom an about 30% are saying not quite yet. Vst indicaters are starting to point back down as of fridays close. A week close monday will seal that. IF that happens at min. A double bottom is at hand. Trying to stay open minded....

O

that redline ive been focusing on since the 09 bottom .....click on responses and you will see what is coming once that red line is penetrated



http://www.siliconin...?msgid=28377889

[da_cheif]

If anyone's keeping track of this...

it didnt mean anything at the last bottom either

[TechMan]

If anyone's keeping track of this...

it didnt mean anything at the last bottom either

Why?

[TechMan]

If anyone's keeping track of this...

it didnt mean anything at the last bottom either

Please elaborate.

[opinionated]

the red line nobody seems to care about http://www.siliconin...?msgid=28919938

Thank chief you are a very welcome addition here IMO! You keep my thoughts, expectations ballanced. Many reliable turn indicaters are saying bottom an about 30% are saying not quite yet. Vst indicaters are starting to point back down as of fridays close. A week close monday will seal that. IF that happens at min. A double bottom is at hand. Trying to stay open minded....

O

Just did so, again thank you very much. For your sharing as well as you willingness to swim against the current. Its good to keep eyes looking both ways before crossing the street!

O


that redline ive been focusing on since the 09 bottom .....click on responses and you will see what is coming once that red line is penetrated



http://www.siliconin...?msgid=28377889

[da_cheif]

the red line nobody seems to care about http://www.siliconin...?msgid=28919938

Thank chief you are a very welcome addition here IMO! You keep my thoughts, expectations ballanced. Many reliable turn indicaters are saying bottom an about 30% are saying not quite yet. Vst indicaters are starting to point back down as of fridays close. A week close monday will seal that. IF that happens at min. A double bottom is at hand. Trying to stay open minded....

O

Just did so, again thank you very much. For your sharing as well as you willingness to swim against the current. Its good to keep eyes looking both ways before crossing the street!

O


that redline ive been focusing on since the 09 bottom .....click on responses and you will see what is coming once that red line is penetrated



http://www.siliconin...?msgid=28377889