Here it is.

Chart.



Isn't Hindsight grand? Mine is 20/20 on this one. Looks almost like magic in hindsight, but it is just the tools, as presented in this forum.

Happy April Fools' Day.

Al Kamego

Expecting a bounce here any time now. My reasoning is that under 'normal' circumstances I'd expect this to be coming back in here, and under the current circumstances I expect this tiny little checkback to be the next in an endless series of traps to suck bears in and crush them. Now watch...

I'd think they'd want another leg here to 70+, but you can never be sure. It may just chop until close. But, alas, if it does hit 70, I'm not sure it wouldn't really want to 'break the pattern' and 'throw over' this time. That's what I'm keeping an eye out for. The play was off the key (very wonderful) area yesterday, with a big part of the move in the overnight, now it's simply 'management mode'. But I like to assess and guess in the afternoon chop in such situations, just to see what I can discern. Usually very little, as it's just chop.

The really curious thing is the Trannies are down today, and the Midcaps are barely green, while the Dow is smokin' at new all-time highs.

I just heard on Bloomy that GM missed expectations by half. Is the stock down 30%, an appropriate response? No, it's up nicely on the day.

'Everything is as it should be, in this, the best of all possible worlds.'

a while back, the mr spikey was the pattern....hmmm

I sure wish this thing could come in a bit in here ...

the bears can only dream

roofer, could you explain the parameters for the Mr. Spikey pattern, as I've not seen that one before, and it isn't clear to me how it works. Thanks.

Originally posted by roofer

Click image for original size

a while back, the mr spikey was the pattern....hmmm

It just rounds over and drops to form a 'head'? When do you look for it, on a big pop up and a 'rounded' head forming?

It's so funny, I just posted this (before seeing roofer had posted the Mr. Spikey), wishing, and then roofer posted his the bears can only dream. On the same page at the same time...

Originally posted by jimkane

I sure wish this thing could come in a bit in here ...