SPX Notes 2009

bayliner1979

Today Feb.26's phantom bar is finally fulfilled (in 12 trading days, still within swing trade timing interval).

15-min chart shows an obvious rising wedge, with 3rd touch on the upper line and break out off the lower line during today's trading hours.
A phantom bar at the closing today indicates a possible retest of the rising wedge's lower line tomorrow, then the break of the rising wedge will speak out for itself.

BayBay, any updates?


buctusa 发表于 2009-3-16 16:47

benmao

thanks bay laoda, this bull pic is interesting...

hippo

珠玑 珠玑 all over Smith Laoda's post

NewMember

Today Feb.26's phantom bar is finally fulfilled (in 12 trading days, still within swing trade timing interval).

15-min chart shows an obvious rising wedge, with 3rd touch on the upper line and brea ...
bayliner1979 发表于 2009-3-16 17:27

Thank you for the analysis.

May we say, if SPY goes down and gets to about $72, cover short and go long.  If SPY goes high tomorrow to $77, go short?

buctusa

LOL.

Baybay, how you always get so many funny pictures?

hyf

681# bayliner1979


BAY老大：您是说明天还会在去77.50附近走一圈？然后 在向下？谢谢

darth

Thanks for the update. The picture is funny, the bull is stuck.

jasmin256

686# hyf
same question, thanks

小咪

681# bayliner1979



谢谢BAYBAY

bayliner1979

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:rising_wedge_reversa

5. Support Break: ........ Once support is broken, there can sometimes be a reaction rally to test the newfound resistance level.

The 1st chart shows a 4-month-later retest of the wedge's lower line (the resistance line).

Today's closing phantom bar will either be fulfilled tomorrow, or in swing trade period (<18 trading days).

681# bayliner1979


BAY老大：您是说明天还会在去77.50附近走一圈？然后 在向下？谢谢
hyf 发表于 2009-3-16 18:41

bayliner1979

Some random notes:
Cobra's 2.8.1's "Topped" places exactly match the Elliot wave's 3 tops at points 0, 2 and 4, respectively.   Today is very much like Jan.6 in candle pattern and option variation.   In Elliot's wave,  wave 1 also matches wave 5.  Wave 5 could have started 2:00pm today.  If so, the SPX target is 63x at the bottom.

benmao

thanks bay laoda

cat888

thanks agent smith

Elephant

Some random notes:
Cobra's 2.8.1's "Topped" places exactly match the Elliot wave's 3 tops at points 0, 2 and 4, respectively.   Today is very much like Jan.6 in candle pattern and option variation.   ...
bayliner1979 发表于 2009-3-16 22:25

Dahutu

Thanks, what's phantom's bar?

lightfly

Ding, thanks!!!

leftright

thank you

jilier

Thank you !

yingying

691# bayliner1979

Bay,请问这个wave 4为什么你不认为会是像wave 2那样的zig zag ABC调整。如果今天就结束了那这个调整只有6天，从时间上来说短了点吧？

weigoodone01