7 replies to this topic

[da_cheif]

http://homepage.mac....42231/683ma.gif

Category: General Interest
From: joanne (joanne mcable)
To: da_cheif (don wolanchuk)
Date Posted: June 08, 2007 at 22:10:33
Subject: Re: -2N??....V bottom???...aydis sez so.....3 day
Reference: -2N??....V bottom???...aydis sez so.....3 day clx turnin up outa a deepazz hole
-2 and 2 here too : )

And you are so right about that 3 MA turn from a deep hole. Here's a yearly chart.

What I would like to see soon is enough power to move that 3 MA up over the +12 level.....as that appears to endorse a kickoff into a good uptrending move : )

[Tor]

Don, I believe I was the first here to post the possibility of a V shaped reversal with some target levels.

However, I think its still too early to call FWIW.

Good luck in trading!

http://www.traders-t...showtopic=71148

Edited by Tor, 09 June 2007 - 05:17 AM.

[da_cheif]

Don, I believe I was the first here to post the possibility of a V shaped reversal with some target levels.

However, I think its still too early to call FWIW.

Good luck in trading!

http://www.traders-t...showtopic=71148

sorry bout that...

da_cheif Jun 7 2007, 12:35 PM Post #13


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Group: Traders-Talk User
Posts: 3393
Joined: 9-October 03
Member No.: 321



some dont believe in V bottoms.......sometimes it happens sometimes not.......soooooooo....ya gotta be prepared for either....

Edited by da_cheif, 09 June 2007 - 06:04 AM.

[mortiz]

cheif, Joanne's Dow 3 day MA CLX chart has an additional data point beyond Friday's value of -12... is the tick point around -8.67 assuming CLX remains unchanged Monday at -2? I think I have seen that methodology in Joanne's CLX work before, but just wanted to ensure I am not in a lagging universe that is one day behind reality (I probably am). thanks Randy N.

[Tor]

Don, I believe I was the first here to post the possibility of a V shaped reversal with some target levels.

However, I think its still too early to call FWIW.

Good luck in trading!

http://www.traders-t...showtopic=71148

sorry bout that...

da_cheif Jun 7 2007, 12:35 PM Post #13


Member


Group: Traders-Talk User
Posts: 3393
Joined: 9-October 03
Member No.: 321



some dont believe in V bottoms.......sometimes it happens sometimes not.......soooooooo....ya gotta be prepared for either....

My hunch says no, not this time, as we may need more corrective action to create the power to go what I think may end up being parabolic into the end of the year. Just seems lacking a bit for some reason, will see.

[Russ]

Those indicators look pretty 'V'ish, bollinger band had turned up too of course, something Selecto has mentioned as important. There are other volume measures that are showing positive divergence too. One of the big bears on this board is looking for a 78% retracement and since he was correctly bearish this week that's gotta hold some water.
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=4&dy=0&i=p05979909820&r=5529.png

[ChickenLittle]

cheif,

Joanne's Dow 3 day MA CLX chart has an additional data point beyond Friday's value of -12... is the tick point around -8.67 assuming CLX remains unchanged Monday at -2? I think I have seen that methodology in Joanne's CLX work before, but just wanted to ensure I am not in a lagging universe that is one day behind reality (I probably am).

thanks

Randy N.

On my spreadsheet it shows the same info for the NEXT two days. As you said it assumes no change for the next two days. The 3 day MA has zero for the next 2 days and the trailing two days are dropped off. The last (future) reading is today's CLX reading divided by 3.

[joanne]

You are absolutely right : ) That lower part of the arrow on my chart is slightly askew....should be on the 12. Projected as if unchanged you then have 3 numbers you cited. Although I don't post here very often I am delighted to see da_cheif posting here regularly. That was an early wish that finally came to fruition. I have been very busy with commodities these days and with my clx work on Wollie World as well as dealing with some health issues.....but I regard Trader Talk as my first real cyber home. I like to check in now and then. Sending warmest wishes to all : ) Joanne