JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, I guess jarek must still be skiing, so I'll start this week's topic. Let's make it another monster week for quality posts.
RA
rat89
Rep: 0
Posts: 7,015
big dog might be headed for an interesting C.....thin purple lines are .768....magenta line is .886
Originally posted by jarek
Originally posted by jarek
...Bulls need to get over this Schiff upper ML as soon as possible. Otherwise my recent itching could prove justified
They tried few times, but were not able to. Is Big Dog showing us the direction?
Click image for original size
JA
jarek
Rep: 94
Posts: 3,474
Personally I see a TD ABCD correction as a sign of strength of the underlying trend. Let's see if this one confirms this:
Click image for original size
RO
roofer
Rep: 3,689
Posts: 3,574
endless stocks that did not break their down trends on recent rally... many just a woosh away from cpitulation... dozens of .886 on gap this morn.. GOOG has been best so far...
TX
tx_ches
Rep: -10
Posts: 514
AMZN set up a 4pt continuation pattern on 5 minute.
It gapped up on open.
Then did a pull back to the 44.7 area.
Then did the 78% abcd.
I had my order in but then pulled it because I was afraid of what I was seeing in the broader market.
So I missed the breakout move.
It gapped up on open.
Then did a pull back to the 44.7 area.
Then did the 78% abcd.
I had my order in but then pulled it because I was afraid of what I was seeing in the broader market.
So I missed the breakout move.
Click image for original size
JI
jimkane
Rep: 3,058
Posts: 33,089
Great charts, all, really nice stuff.
On that INTC, roofer, yes, that lower line looks compelling. The center of my area hits the range of 18.85-19.05. But, I just want to point out for everyone, I have a secondary area that has been hit with that recent low there at 19.36. It looks set up for a bounce and roll to the lower area, kind of like a 'W4' of this last leg, but I am cautious that it may end the move, based on some lines and other things. Just tossing it out there. Otherwise, I'm on the short side bias of this one, just like roofer, letting it do its thing.
On that INTC, roofer, yes, that lower line looks compelling. The center of my area hits the range of 18.85-19.05. But, I just want to point out for everyone, I have a secondary area that has been hit with that recent low there at 19.36. It looks set up for a bounce and roll to the lower area, kind of like a 'W4' of this last leg, but I am cautious that it may end the move, based on some lines and other things. Just tossing it out there. Otherwise, I'm on the short side bias of this one, just like roofer, letting it do its thing.