4 replies to this topic

[spielchekr]

This weekly closing price chart...



converted to candlestick format...



and zoomed in with indicators indicators & volume...



shows a bubble-zone breakout, albeit a 1/2-fast one. There's still this pesky megaphone on the daily tails & wicks...



I think it needs more OMO's. Who do I inform?

[Tor]

If I was a betting man it will go down a bit, then up thu the trendline. At least 10,000. Will be interesting. Great charts and thanks.

Edited by Tor, 05 May 2007 - 07:16 AM.

[spielchekr]

If I was a betting man it will go down a bit, then up thu the trendline. At least 10,000. Will be interesting. Great charts and thanks.

Fair enough, you're a scenario #1 guy. As good of a guess as any. The broadening wedge fractal leans my view of this chart a bit more towards scenario #2.

And yes, interesting because whatever course it ultimately takes should last for at least a couple of years, if previous blue-line reactions are to be any indication.

Best to you and yours.

[spielchekr]

Hell, I might as well show you this too. You need to see the chart for my previous post (which doesn't seem to be displaying) on this thread to better understand what I'm pointing out in this zoom of scenario #2. That is, a megaphone concurrent with higher-lows/higher-highs on the cumulative A/D (which as it turned out was leading price, but off a cliff), occuring at my blue-line threshold. All FWIW.



Here is a fresh link (in case the original one is corrupted) so you can see my references to scenario #2.

{QUOTE(Tor @ May 5 2007, 08:16 AM) If I was a betting man it will go down a bit, then up thu the trendline. At least 10,000. Will be interesting. Great charts and thanks. }

Fair enough, you're a scenario #1 guy. As good of a guess as any. The broadening wedge fractal leans my view of this chart a bit more towards scenario #2.
And yes, interesting because whatever course it ultimately takes should last for at least a couple of years, if previous blue-line reactions are to be any indication.


Best to you and yours.

Edited by spielchekr, 05 May 2007 - 01:01 PM.

[spielchekr]

FWIW, there's also a divergent breakout on my $SPX forkinaforkinafork chart.