I posted a chart on Da-Cheif's 10:35 call.
I put several lines on there (bus stops).
They are easy to identify. Often Stockcharts does it automatically.
One of the bus stops had not been hit when I left for the day.
When I came back tonight, it turned out to be the exact LAST STOP heading North. (96.28 on SSO)
I am amazed at how the market often reacts EXACTLY at the previous bus stop.
Look at how the Q's did it at the close at $46.76.
Identifying those areas can be profitable areas of support and resistance.
They are easy to see but often overlooked.
http://stockcharts.c...40518&r=551.png
Where are the Bus Stops?
Started by
Rogerdodger
, Jun 11 2007 09:33 PM
6 replies to this topic
#2
Posted 11 June 2007 - 09:50 PM
Also notice how the long $VXN trendline was broken when the bus turned and headed South.
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#3
Posted 11 June 2007 - 10:19 PM
True Roger-the only problem is that those bus stops are on "rising wedge street" and statistically there is over a 90 percent chance that on one of these runs down-the bus falls off the cliff.
Edited by thespookyone, 11 June 2007 - 10:20 PM.
#4
Posted 11 June 2007 - 10:24 PM
If you trade in the direction of the QQQQ:VXN or the SPY:VIX you can ride in a HUMMER!
Edited by Rogerdodger, 11 June 2007 - 10:30 PM.
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#5
Posted 11 June 2007 - 10:46 PM
\If you trade in the direction of the QQQQ:VXN or the SPY:VIX you can ride in a HUMMER!
LOL
that thing belongs on the strip in vegas!
#6
Posted 11 June 2007 - 10:49 PM
"that thing belongs on the strip in vegas!"
BET THAT
#7
Posted 12 June 2007 - 06:06 AM
Can it dance?
People should not be afraid of their governments. Governments should be afraid of their people.
Remember this day, men, for it will be yours for all time.
Remember this day, men, for it will be yours for all time.