if we can get to 85... we umn.. have a nice bearish engulfing shaddow.
I've said it like 4 times now.. but I think we may get a bounce...... we are to some of the horizontal levels. and I think in my lines somewhere there was a pivot.
Thursday, April 30, 2009
through more support
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22 comments:
A bounce, but is thick red line your resistance now?
SRS paid my mortgage today and I'm out of it. Do you think it may have another move or not?
I think we will build my head and shoulders now... or keep breaking down... I think in the next weeks .... period of time we will retest 85, and 83 and 78 on the spy...
diana Olick is my fav.
Still creeps me out that Mackie called it...
Kinda makes sense now that I look at it. EWT strains my occipital lobe.
78. Whoa.
Using the h/s I get a target of 82.4.
88.80 - 85.60 = 3.20
3.20 X 2 = 6.40
88.80 - 6.40 = 84.20
Oops that last number should be target 82.40 (fat thumbs).
we still have to close below 87. did you hear dennis Kneal start reading technicals.... WTF...
Mackie. Maybe that whack on the head knocked some sense into him. Or maybe he's got a tumor... did you ever see Travolta in Phenomonon?
Olick: MILF. Completely different than Quick.
Target on top of left shoulder? Is this the roll over?
have I mentioned how much I hate this crap...
and watch us close on the cusp
maybe....
I'm getting shitty streams right now...
I'm sticking with 87.35 as close. Diabolical.
ya.... the horror show is that with 30 vix we can open up or down 300pts
Starting wave 3?
This may be the first time EWT made sense.
that would be the thesis....
the volume on that h&s sucks BTW
Even tho the volume is low, the MACD shows bearish divergence on he 10 minute.
and on the 65 and the 30 and the 10... etc....
That h/s looks too perfect and it's sitting right on the longer term horizontal(*) support line I drew in a few days ago at 87.40. Geez.
This wave 3 could make for a wreck. After hours, SPY is falling thru 87 as I type.
(*)Sorry about bringing up the "h" word.
need to watch the neck line of the Head and shoulders.
I hate post market... I almost feel contrarian about it ... I remember stiffing people in trades that after the market closed I knew were going to reverse... and they were still buying the Momentum.
didn't that feel like we were going to the moon this morning?
I just try and avoid confirmation bias....
the EWT.... well it's umn... that wasn't compleatly clear...
We want to see wave 3 now..
but probably we will get an ABC correction out of it....
and this is wave 3 of wave A.
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