| StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500 | << 1 ... 1 2 3 4 5 ... 30 >>Post Follow-up |
| nikoschopen 2,824 posts msg #60783 - Ignore nikoschopen |
3/26/2008 3:03:53 PM Yowza! Check it out...just as planned. |
| nikoschopen 2,824 posts msg #60784 - Ignore nikoschopen |
3/26/2008 3:13:36 PM Since the profit target has been reached, I feel safe to say that the trend will be down, down, and down. |
| nikoschopen 2,824 posts msg #60785 - Ignore nikoschopen |
3/26/2008 3:29:09 PM The initial profit target placed at the upper channel line. |
| nikoschopen 2,824 posts msg #60789 - Ignore nikoschopen |
3/26/2008 4:11:44 PM There ya have it, boyz (& galz)! By all means the futures indicates that we'll get a sizable drop tomorrow. |
| luc1grunt 622 posts msg #60810 - Ignore luc1grunt |
3/27/2008 7:23:52 AM Very nice Niko. |
| nikoschopen 2,824 posts msg #60816 - Ignore nikoschopen |
3/27/2008 12:01:54 PM Thank you. |
| nikoschopen 2,824 posts msg #60817 - Ignore nikoschopen |
3/27/2008 12:58:33 PM S&P strength weakening. However, we could see a minor double-top forming before it finally caves under. |
| nikoschopen 2,824 posts msg #60819 - Ignore nikoschopen |
3/27/2008 1:27:46 PM |
| nikoschopen 2,824 posts msg #60820 - Ignore nikoschopen |
3/27/2008 1:42:15 PM Voila! As you can see, S&P getting whacked as it sinks below the lower channel line. Today's price action best illustrates the Douglas Taylor's "sell day" prop where the big boys artificially pump up the price in order to sell to those who are dumb and even dumber! Crap, I can't trade and post comments with charts at the same time, ggrrrrr!!! |
| nikoschopen 2,824 posts msg #60821 - Ignore nikoschopen |
3/27/2008 2:17:42 PM Not too long ago, there was a raging debate among the two techie camps on the merits of utilizing technical oscillators--or better known as the "squigglies". The minimalists, which I belong to, believe that the indicators are useless since they will always lag prices. As you can see from my posts in this thread, you do not need squigglies to detect trend reversals. Needless to say, you would be getting a larger chunk of the profit by hopping on the bandwagon sooner using the no-squigglie method. |
| StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500 | << 1 ... 1 2 3 4 5 ... 30 >>Post Follow-up |