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RA
rat89
Rep: 0
Posts: 7,015
let's hope I got the dates right!
RA
rat89
Rep: 0
Posts: 7,015
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JI
jimkane
Rep: 3,058
Posts: 33,089
Third bottom at this level? Normally I'd say 'not a chance!'. Nowadays...
JI
jimkane
Rep: 3,058
Posts: 33,089
Woo-hoo! Back to 'normal'? I wish...
AL
albert
Rep: 99
Posts: 3,094
Wow. This is strange. I thought that rat's SPY chart was so pretty that I would try to duplicate it. It looks like there is a discrepancy between rat's StockChart data & my IB data and my Telechart 2000 data. For example, it looks like the low point on rat's SPY chart for 09/20/12 soon after the open is labelled 144.86, while the 09/20/12 point by my IB and by Telechart 2000 is 145.63. I cannot explain this.???????

Al Kamego
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RA
rat89
Rep: 0
Posts: 7,015
I wouldn't go that far, but it doesn't get any better than this for an exit...


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JI
jimkane
Rep: 3,058
Posts: 33,089
Here are the upside levels I am looking at, assuming it can bounce at all, even after five straight down days.

36.00-37.25 (the ABCD area)

40.75-43.75 (best 'center' probably 42.00-43.75)

47.75-49.00

As much as I'm ear to ear grinning all the time now, I'd really like a bounce in here to keep the trend healthy so it has more chance of continuing. But who know, it may be totally done now. I have two levels of potential 'support', here and just below around say 16.50-19.00. It may even try to gun those swing-point stops at 14.50, but any more and it is doing something different, in my view. Fun times!
JI
jimkane
Rep: 3,058
Posts: 33,089
Now, if I'm dreaming, I'm looking at erasing the 'Dragh Queen' rally and an area around 1400-1405 would do that nicely...
JI
jimkane
Rep: 3,058
Posts: 33,089
'Yeah, we're movin' on up...'


Watch what it does around this 33.50 high.
JI
jimkane
Rep: 3,058
Posts: 33,089
33.50 is finally drawing the reaction.
JI
jimkane
Rep: 3,058
Posts: 33,089
Still 'movin' on up', on schedule, as expected. At the start of the ABCD area, so some clues should be coming soon. Notice 6A, CL, and GC are also 'movin' on up' in tandem.
RA
rat89
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Posts: 7,015
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