http://stockcharts.com/c-sc/sc?s=$VXN&p=D&yr=0&mn=4&dy=0&i=p04244042333&r=6995.png
Edited by Russ, 27 June 2007 - 10:28 PM.
NDX Expanding Wedge
Started by
Russ
, Jun 27 2007 10:25 PM
3 replies to this topic
#1
Russ
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Posted 27 June 2007 - 10:25 PM
http://stockcharts.com/c-sc/sc?s=$VXN&p=D&yr=0&mn=4&dy=0&i=p04244042333&r=6995.png
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#2
Bob-C
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Posted 27 June 2007 - 11:28 PM
Hi Russ, thanks for the $NDX-wedge chart and $VXN comparison chart.
http://stockcharts.com/c-sc/sc?s=$VXN&p=D&yr=0&mn=4&dy=0&i=p04244042333&r=6995.png
Where do you see the QQQQs going to on the upside in the VST? TIACheers,
Bob-C
Disclaimer: None of my posts are meant to be taken as investment advice or trading advice. Do your own due diligence and consult your financial advisor before making any trades or investments.
#3
Russ
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Posted 28 June 2007 - 12:17 AM
Hi Bob,
I have seen many of your posts over the years but don't think we have talked before, Greetings.
Given the force of the white candle today and bouncing right off of the 50 day avg., it sure looks like some follow thru should be expected, going back to its recent highs looks quite likely, maybe even to the top of the wedge, have to watch the minute charts intra-day, look for signs of weakness as to when to get out.
http://stockcharts.com/c-sc/sc?s=$NDX&p=D&yr=0&mn=3&dy=0&i=p78630825888&r=1317.png
I have seen many of your posts over the years but don't think we have talked before, Greetings.
Given the force of the white candle today and bouncing right off of the 50 day avg., it sure looks like some follow thru should be expected, going back to its recent highs looks quite likely, maybe even to the top of the wedge, have to watch the minute charts intra-day, look for signs of weakness as to when to get out.
http://stockcharts.com/c-sc/sc?s=$NDX&p=D&yr=0&mn=3&dy=0&i=p78630825888&r=1317.png
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#4
Bob-C
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- Traders-Talk User
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Member
Posted 28 June 2007 - 09:51 AM
Hi Russ, nice to hear from you.Hi Bob,
I have seen many of your posts over the years but don't think we have talked before, Greetings.
Given the force of the white candle today and bouncing right off of the 50 day avg., it sure looks like some follow thru should be expected, going back to its recent highs looks quite likely, maybe even to the top of the wedge, have to watch the minute charts intra-day, look for signs of weakness as to when to get out.
http://stockcharts.com/c-sc/sc?s=$NDX&p=D&yr=0&mn=3&dy=0&i=p78630825888&r=1317.png
Thanks for the QQQQ insights and all of your excellent charts and insights. Keep up your good work! Good luck on your trades.
Bob-C
Disclaimer: None of my posts are meant to be taken as investment advice or trading advice. Do your own due diligence and consult your financial advisor before making any trades or investments.
