| StockFetcher Forums · General Discussion · SPX | << 1 2 >>Post Follow-up |
| Eman93 4,750 posts msg #71489 - Ignore Eman93 |
2/17/2009 10:59:03 PM Any one trade the symmetric triangle break out? 100% the depth of the triangle. Puts it around 595  |
| decipherlinda 133 posts msg #71493 - Ignore decipherlinda |
2/18/2009 8:16:36 AM "100% the depth of the triangle. Puts it around 595" Eman93, at what point is the depth of the triangle measured? Would resistance around 750 take precedence? |
| Eman93 4,750 posts msg #71509 - Ignore Eman93 |
2/18/2009 3:08:42 PM I would think so......... |
| Eman93 4,750 posts msg #71515 - Ignore Eman93 |
2/18/2009 3:46:24 PM The bulls are really putting up a fight......... |
| johnpaulca 12,036 posts msg #71516 - Ignore johnpaulca |
2/18/2009 4:08:38 PM It was a draw today. It's not easy to kill a Bear. |
| Eman93 4,750 posts msg #71518 - Ignore Eman93 modified |
2/18/2009 4:22:19 PM What is there to be bullish about? If you look at all the down graded earning projections for 09 and use a 12X earnings factor you get SP around 650. |
| decipherlinda 133 posts msg #71527 - Ignore decipherlinda |
2/19/2009 9:01:48 AM Really good article on this at: http://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=206 As of 2/16/2009 resistance at 959 and support at 600. |
| Eman93 4,750 posts msg #71685 - Ignore Eman93 |
2/23/2009 11:31:35 PM |
| Eman93 4,750 posts msg #72343 - Ignore Eman93 |
3/9/2009 7:45:34 PM |
| Eman93 4,750 posts msg #72345 - Ignore Eman93 modified |
3/9/2009 7:59:20 PM If you use the first blue line starting from the left you get a depth of 238 if you use the the second line you get 175, I had the break out at 825. The SPX did not make a new low today (slightly bullish) the low of the break out so far is 666.73 825-175 = 650 so we were real close to a tech bottom. Now if you use the first number 825-238 = 587 A big volume spike today also, look at the volume spike on the Nov bottom |
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