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Price wedges, potato wedges, door wedges, love 'em :)

bounced right off 4k, amazing coincidence or is it? Maybe it had to happen, ooh conspiracy theorists come on out LOL. That divergence on monthly chart is now complete at 4k retrace zone, if this has been an organised sell off, then we ought to start to see basing price action - new...

Kyiv Trader, I would like to appologise, I ignored your CLOSE part, I was looking at current reaction low :) P.S. Say NO to NATO in Ukraine ImPO.

I thought u were only going to sell resistance. :)

Very well & same to you!

Indeed so, but as long as you are an experienced countertrend trader you would know how to manage risk according to potential reward & if the ratio between the two is lucrative enough, then there is absolutely nothing wrong with catching a knife. Personally, I would only buy here when I can see...

Firstly, Yahoo's data has never been that accurate, today certainly wasn't the lowest close on SPX this year. Maybe you were looking at a line chart? Secondly, it was a close shave today to break current reaction lows & perhaps price will breakdown. Looking at the daily chart I see a bit of a...

Wicked trade Saliva!

but be careful, a bit of a wedge on daily, we all know what that means in normal market conditions.

a failure swing may take this to lod

don't gamble, it can shoot up your ass quicker than u can count to 3, these are not the times to think, analyse what u see & join in, do not base trading decisions on believing it may go your way.

I know we are nowhere near a depression, but who knows what the future holds? Let's remind ourselves how it all started, at which point & after which event markets started to take off? It was after the Democrats announced or rather called for companies to start investing into internet based...

remember my dream? Maybe it's about to nose dive & find suport near 800 mark, I had a quick glance over monthly periods of various indexes & some do point to end of divergences.

complete flush, no wonder USD is ever so strong now. I find it amazing how technical market oscillations are, I posted a chart of DAX months ago, there was a whopping divergence on monthly chart and I did see 4000 as a retrace zone, same method was applied as I use intraday. It was near 8000 at...

I believe Forrest Gump meant to say - Trading is like ... u never know what you gonna get :)

Kudos to all patient/persistent fishermen

1m histo not on your side, but I am :)

That is exactly what I was saying earlier on, when in sell-off mode it helps to step aside & observe others get crushed, then when selling subsides (ie a bullish wedge forms) enter with a buy order. Me, still being an anxious piker, I still find myself entering before time. I fully understand...

Possible bullish wedge now but I am enjoying my tea :) edit - Mr Chang I managed to beat your outlook by a split second LOL