All the action on most of the indices could be construed as Wave 2 flats. Dow and Nasdaq going to new highs sort of hinders that theory. But transports continued to fly solo until May 3 while other indices were putting in box formation tops.
Today is the ritual day high with the release of Wall Street:MNS. Just like on April 23 and May 12/13. It’s 67 trading days from summer solstice high. There was a 67 td peak to peak cycle earlier in the year Jan to April. A certain indicator implies that the rally doesn’t last beyond today (of course it could restart later on). Better RSI divergences on 60min charts also with these new highs (Rut,transports,nya are not making new highs—SP barely did—Dow and Nasdaq are flying solo. Many other divergences on other indicators. I accounted for the fact that it could rally into today. They’re blowing out all the stops and going to drop it when few are short. Also had a premonition last night; but right now it doesn’t seem to be the place.
Where do you see a bear flag at Mike? I see a bull flag on the most of the time frames right now. Monday (or the last 30 minutes of today) should go up to fulfill the flag pattern, and then collapse back down.
The only problem is… it matches up with where yesterdays’ closing price was. Meaning… it’s mostly likely just a late fill, and not a FP (but keep sending them to me, when you spot one).
double top with bear flag on 15 min spx chart as of now, first top tuesday, second today, max pain for bears,what give?Be brave could be nice short now with 1151 stop…
Check out Yahoo board! Maybe they do run it up like the vulcan report ? Get the public wannabe millionaires sucked in to the equities markets after watching the new Wall Street movie and learning how to trade like LeBeouf! All by himself, he turned 20k in to 650k. What a trader!
“LaBeouf tells Tech Ticker he was trading every day and everywhere, even on his cell phone.
“Went to George Soros’ house for dinners. Hung out with Donald Trump and talked about real estate,” he says. “I’d hang out with Jim Chanos. Nouriel Roubini was like my closest friend through all of this.”
If you think that is impressive, LaBeouf has substantially grown his $20,000 original investment.
“I started at 20, I am at $650 today,” he says.
No, not $650. He means $650,000!
Unlike LaBeouf, Brolin had a reputation as a savvy trader.
Before his acting career took off, a need for money spurred him to learn about the markets. “I took profit from a ranch I had sold and I started trading personally,” says Brolin, who has called his addiction to trading “an evil little friend.”
All the action on most of the indices could be construed as Wave 2 flats. Dow and Nasdaq going to new highs sort of hinders that theory. But transports continued to fly solo until May 3 while other indices were putting in box formation tops.
There is a gap at 115.89 spy from May 13th that they may go after to close? But, they also might just crash it on Monday instead?
http://mrtopstep.com/2010/09/24/mr-topstep-intraday-charts-924-nqspx-gaps/
I see a bear flag today after this morning spike, it is lightly ascending, my intrepretation is we could see a breakdown at around 1145
Today is the ritual day high with the release of Wall Street:MNS. Just like on April 23 and May 12/13. It’s 67 trading days from summer solstice high. There was a 67 td peak to peak cycle earlier in the year Jan to April. A certain indicator implies that the rally doesn’t last beyond today (of course it could restart later on). Better RSI divergences on 60min charts also with these new highs (Rut,transports,nya are not making new highs—SP barely did—Dow and Nasdaq are flying solo. Many other divergences on other indicators. I accounted for the fact that it could rally into today. They’re blowing out all the stops and going to drop it when few are short. Also had a premonition last night; but right now it doesn’t seem to be the place.
Where do you see a bear flag at Mike? I see a bull flag on the most of the time frames right now. Monday (or the last 30 minutes of today) should go up to fulfill the flag pattern, and then collapse back down.
Thanks… I got it.
The only problem is… it matches up with where yesterdays’ closing price was. Meaning… it’s mostly likely just a late fill, and not a FP (but keep sending them to me, when you spot one).
double top with bear flag on 15 min spx chart as of now, first top tuesday, second today, max pain for bears,what give?Be brave could be nice short now with 1151 stop…
I emailed it
Tried posting this on your site, wouldn’t let me?
Check out Yahoo board! Maybe they do run it up like the vulcan report ? Get the public wannabe millionaires sucked in to the equities markets after watching the new Wall Street movie and learning how to trade like LeBeouf! All by himself, he turned 20k in to 650k. What a trader!
“LaBeouf tells Tech Ticker he was trading every day and everywhere, even on his cell phone.
“Went to George Soros’ house for dinners. Hung out with Donald Trump and talked about real estate,” he says. “I’d hang out with Jim Chanos. Nouriel Roubini was like my closest friend through all of this.”
If you think that is impressive, LaBeouf has substantially grown his $20,000 original investment.
“I started at 20, I am at $650 today,” he says.
No, not $650. He means $650,000!
Unlike LaBeouf, Brolin had a reputation as a savvy trader.
Before his acting career took off, a need for money spurred him to learn about the markets. “I took profit from a ranch I had sold and I started trading personally,” says Brolin, who has called his addiction to trading “an evil little friend.”
SPY FP 112.45 (approx) just now. Red, I’ll email it to you….