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Status. Short "Long position" reversed after open when there was a lower low because of +200, +20, +40 points target, reversed at fifth wave down when there is a higher high and reversed again at sHs neckline when wave five did not appear. Short "Short position" closed at fifth wave near close...

The handle of the 5-day chart Cup and Handle should end soon followed by a shoot up. 20-day chart looks like a Bulkowskifs Bump-and-Run Reversal Bottoms. Target price is 02/01/08 high. http://thepatternsite.com/barrb.html

Cup with Handle is forming. This is a bullish chart pattern. The Market may rise stedily until the rate cut.

Next target down is 11880, 1295,2210. :eek:

Status. Short "Short position" reversed as said. Now hold "Long positions". Next target up is 12800, 1385, 2430. :)

SPX rebounded from supporting trendline, it should go to 1385. If something terrible happens and the supporting trendline is broken, SPX can go down to 1295.

Next move down may be a Bear Trap if the Market rebounds from the supporting trendline. Prepare to reverse short "Short Position" when there is a higher high. Resistance trendline break will be a confirmation.

Some trendlines work again and again. :cool:

reverse again if the rebound falters and there is a lower low.

Status. Missing wave five again. Short "Long position" reversed after support trendline break and there was a lower low near end of wave .i. Sometimes the Market rebounds near the apex of the ascending diagonal triangle. Wave .i and .v should have 3 subwaves. Strategy. Prepare to reverse...

continue going down another -400, -30, -100 points to 11800, 1290, 2180 level.

The Market had turn down -200, -20, -40 from resistance trendline. It may go up 500, 50, 100 points to 12700, 1380, 2400 level, or

Agree with elovemer. :cool: Minuette wave 5)1.3:1 is coming to an end, may be near 12700, 1380, 2400 target. After some correction in wave :2 everyone will agree that this is a bull market because Minuette wave 5)1.3:3 will be the strongest wave of Minute wave 5)1.3. Status. Hold "Long...

The answer to the question below is; "It is a parallel trendline drawn from an intermediate peak parallel to the primary trendline. It's kind of a Measured Move." To understand trendline one must first understand support/resistance level represented by a horizontal line. The line is no magic...

down -600, -50, -140 to 11800, 1290, 2180. :mad: Status. Short "Long position" reversed at target +300, +30, +60 and reversed again at support level. Strategy. Hold "Long positions" if open up. Reverse short "Long position" if the last low is broken.

The Market is at turning point again. It can go up +300, +40, +100 to 12700, 1380, 2400, :D or

It seems as if Trendlines do work sometimes.

Trendlines work sometimes, but don't bet your life on them.

5)1.2:cv might have ended as a descending wedge near end of .1:a as expected. The Market is moving up as 5)1.3 to the target after the Bear Trap. Status. Short position was not opened at the Bear Trap due to divergence between the Dow versus SPX and NASDAQ. Short "Long position" opened when...

Short term resistance trendlines of the Dow, SPX and COMPQ are all broken now, wait and see what will happen next. :D