StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500<< 1 2 3 4 5 ... 30 >>Post Follow-up
nikoschopen
2,824 posts
msg #60764
Ignore nikoschopen
3/25/2008 3:18:36 PM

It turns out that we have two channels to contend with.



nikoschopen
2,824 posts
msg #60765
Ignore nikoschopen
3/25/2008 3:21:49 PM

But notice how the price reverse as it touches the lower blue channel. We should technically retrace down to the lower red channel. If that ever breaks, there's nothing to hold the bears back and you can kiss this rally goodbye.

nikoschopen
2,824 posts
msg #60778
Ignore nikoschopen
3/26/2008 1:26:59 PM

I see a reversal to the upside.

nikoschopen
2,824 posts
msg #60781
Ignore nikoschopen
3/26/2008 2:34:20 PM

The emerging trend is obviously very weak after two dayt of strong rally and I have no doubt that it can also reverse very quickly. In the meantime, this is what I see will likely to happen.



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.

StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500<< 1 2 3 4 5 ... 30 >>Post Follow-up

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2016 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus