StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500<< 1 ... 26 27 28 29 30 >>Post Follow-up
nikoschopen
2,824 posts
msg #63152
Ignore nikoschopen
5/30/2008 2:29:02 PM

The next anticipated price target should the damn thing go down.

S&P 500 Futures (ESM8) 5-Minute

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nikoschopen
2,824 posts
msg #63153
Ignore nikoschopen
5/30/2008 2:46:15 PM

As a bear, you must ask ureself at this point: What's taking so damn long??!!

Obviously, there's no conviction on the side of the bears to push this market down any further. Although it could still grind lower, this only means that the likelihood of an imminent reversal is high.

S&P 500 Futures (ESM8) 5-Minute

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nikoschopen
2,824 posts
msg #63154
Ignore nikoschopen
5/30/2008 2:55:22 PM

S&P initially reversed, but it turned out to be head-fake. However, it did manage to close above the larger channel (red), so we're not out of the woods just yet. I think there might be another leg up (eg. 1-2-3 move).

S&P 500 Futures (ESM8) 5-Minute

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nikoschopen
2,824 posts
msg #63156
Ignore nikoschopen
5/30/2008 3:05:36 PM

How depressing!

S&P 500 Futures (ESM8) 5-Minute

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nikoschopen
2,824 posts
msg #63159
Ignore nikoschopen
5/30/2008 3:24:37 PM

A massive selloff, something that you would not exactly call "normal". When one candle wipes out what took more than 7 candles to build, that's a bit of a stretch, no? Anyway, we might hit out profit objective, after all!

S&P 500 Futures (ESM8) 5-Minute

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nikoschopen
2,824 posts
msg #63164
Ignore nikoschopen
5/30/2008 4:11:17 PM

By no means is this an orderly market but, there ya have it, profit target hit!

S&P 500 Futures (ESM8) 5-Minute

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nikoschopen
2,824 posts
msg #63233
Ignore nikoschopen
6/2/2008 12:04:52 PM

S&P 500 Futures (ESM8) 5-Minute

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The market looks poised for a slight bounce in light of the double-bottom pattern and, especially, with low volume thus far.


nikoschopen
2,824 posts
msg #63254
Ignore nikoschopen
6/2/2008 3:43:00 PM

Looks pretty damn mean.
S&P 500 Futures (ESM8) 2-Hour

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karennma
6,387 posts
msg #63456
Ignore karennma
6/6/2008 10:25:09 PM

nikoschopen
-nikoschopen 6/2/2008 3:43:00 PM
Looks pretty damn mean.
========================================================

That was a nice chart ,Niko (H&S).
I'd been fantasizing about a day like today eversince you posted it.
Hope you had a good day today.
$$$
:>)






nikoschopen
2,824 posts
msg #63461
Ignore nikoschopen
6/6/2008 11:18:45 PM

Yes, it was. I hope ures was as profitable as mine.

Note that this thread will no longer be updated. I feel I've laid out pretty much all the bare essentials necessary for a successful trend trading. If you have a question or two, just send me an email at [my username]@gmail(dot)com.

StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500<< 1 ... 26 27 28 29 30 >>Post Follow-up

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