20 replies to this topic

[skott]

ahh, a declining bearish wedge?

[jjc]

no...it looks like a falling wedge lol

If you take a look at the positive change this morning compared to ATR and what that means historicly.

I guess we all have our little predictive tricks....

[skott]

oops, I am dyslexic. I meant a declining bullish wedge that agrees with my bull flag.

[eminimee]

right...

[skott]

you have me confused now TP. you were predicting a decline(which is alright with me cuz I have some puts) now are you agreeing me with that this is a declining bullish wedge that means prices will go higher?

[eminimee]

Eventually they will go higher...falling wedge...we go to the bottom of it a few times and then break up...but that low will be in the 1483/85 area.

this isn't spx...but similar idea

this is what I think...for now anyways..

http://stockcharts.c...5215&r=1309.png

[skott]

A/D line is strong today. I can't see us going down today.

[eminimee]

Maybe...maybe Monday, maybe it won't at all...but I'm short from 09 ES with a breakeven stop and leaving for the day....I can't watch these screens anymore.

[skott]

you don't have to . you are stopped out now

[eminimee]

if they turn this down at the .618 at 1510.25....I'll be pissed...cause I don't want to get back in this close to close....[bleeeep] and darn it. lol