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12/20: QLD: $596

12/19: QLD: $604

12/18: $704

12/14: QLD: $84

You can only upload one image per post.

Here's the origin of that line just so we're clear. You can see at the beginning of November price just passed through the line, and again the next few times it touched it. But it seems to have paused at that trendline for a bit today.

Price just bounced off the white line I had at the bottom of that chart a few times. Interesting. Of course this means nothing. Price just as often doesn't seem to pay any attention to trendlines.

Oh now your comment makes sense :D

I'm afraid I don't know what TF stands for :(

12/12: QLD: $458

Wow, price has touched that R line 7 times in the last 2 trading days! Of course, this data doesn't help any without knowing how far back down price is going to go. But it's interesting to see that it has bounced off the same level (a level that was set on 11/2) 7 times in 2 days.

I haven't posted any updates in the last few days cuz price has just kinda been chopping. But check this out. I'm not really one to put much faith in trendlines, since it seems they don't work just as often as they do work, but the trendline in this picture seems to have been legit...

Doesn't work:

What would've happened if you were on the wrong side of that intervention? :eek:

12/7: QLD: $164

12/6: QLD: $294

Well if you would like to disprove anything I said I am all ears. Until then I'll keep doing what I'm doing. 12/5: QLD: $158

My edge is my position sizing and my patience. Entires are more an issue of math than of technical analysis. I do draw lines on my charts, but it's mostly just for fun. Sometimes price bounces off of them exactly. Am I a price predictor? No, because sometimes it completely ignores the...

No, I mean predict. There is no following. The market can reverse at any time. I know everyone likes to talk about "trend following," but I've never seen it done successfully. As soon as the trend is established, it can end. Following the market gets you on the wrong side enough that you...

Judging from those ribbon looking indicators on the bottom of her charts I'm going to stay on the skeptical side of things.