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Smart Money has been selling the 1108s and above and were already holding short. 1082 is the support that was holding the market. If we were able to gap below that, we could have definitely have had some fun today. It looks like instead of gapping down, we gapped up and created a...

TYVM for replying and helping me understand better.

I am a little confused here at what is going on. It looks to me that the market has been in an up channel since the beginning of Nov. Could you clarify as it sounds to me that you are saying the short channel is now ending and a long channel will ensue. One thought is that you are talking...

Hey ND....saw your post. I am no AMT but wanted to post what I am seeing anyway. This week seems critical to me. Volume has been retracing last week so in terms of a reversal of trend, I would like to see increasing volume and a lower high set in this week which would create that H & S. If we...

I am having a little trouble getting CVD goign further back than a week ago but here is what I have..... http://www.charthub.com/images/2009/11/02/5_min

I am looking for a non dominant lower high/right shoulder. Lets see what happens.

Fulcrumtrader.com If you want to learn accumulation and distribution in futures, this site is a MUST. There are some videos of past days to get one on the right track.

We did have a 1929 style stock market crash. Now we have had a 1930 50% rally. What happens next is a breakdown below 1929s stock market crash low. Has the govt succeeded in preventing this crash......so far but the verdict isnt out yet. Look at the charts.

Agreed. I have been selling the 1090s and above the past week. I have been waiting for the BIG breakdown but the market continues to make higher highs and higher lows on the daily timeframe(lower volume retrace if you look at a weekly timeframe). At this point, I will take partial profits at...

Great chart. The question for me is are we going to accelerate down and break below the last higher low support which was around 1015 from end of last month or are we going to make a right shoulder and make a head and shoulder pattern before breaking down and accelerating....hmmmmmmmmm

Possible FTT of the upchannel? http://www.charthub.com/images/2009/10/19/5_min.png

Thanks for that.

Could you please post a picture of the gap? Stockcharts.com has the gap closing last month....

Sorry for the rough picture. This is on a different computer than I usually use for charting. After our initial take off of this up leg, we have settled into a cruising altitude channel. http://www.charthub.com/images/2009/10/15/5_min.png

I was hoping you could give us an update regarding the pt3 for this depression. It looks like their is at least one more leg up. Will this leg be unusual? The left side of this rising wedge is approaching. I am also looking for a formation, preferably a pennant to indicate a breakdown is...

Your reply to my request was probably the best post I have read in the past 6 years. I am currently playing the lateral trend that the FTT has created. When we break and reach the RTL of the bull retrace, I will look for the accumulation and hopefully be able to play the non dominant retrace and...

IB has been a great place to trade from in the recent past. I have a couple accounts. One which is not substantial but do have another account which is significant in this brokerage. It seems that Lloyds of london is an insurance policy for IB if shit hits the fan. Unfortunately, Lloyds of...

After reading more carefully, I noticed you did mention it will take just 3 traverses. Does this include the dominant and non dominant. Thanks.

Hope you are still following this thread. As you have stated, it seems to me that we have had the B2B, pt2, pt3, and the resumption of the R2L. I am currently waiting to see when the commercials are going to cap this move with accumulation of shorts. Do you see with tomorrows newspaper today...

Thanks for some clarification Which candlesticks....daily, weekly, monthly, 60 min, 15 min, intraday?