ET Experts...can you complete my chart? Lets see which expert can complete my chart

Futures are now set to dump. The premarket spy trading down more then 1%. Uh-oh, here we go. Not enough steam to make it through the thin blue line.
 
Quote from Port1385:

Futures are now set to dump. The premarket spy trading down more then 1%. Uh-oh, here we go. Not enough steam to make it through the thin blue line.
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Yeah, thought it was worth a one day happy arrow.
 
Quote from jack hershey:

If you repair the chart so that the scale is available, maybe a few of us would reply.
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Getting a bit late for your call Jack. As this is one I thought you'd do well in I was interested to see how you'd call it.

I might not agree with your daytrading approach but it's nothing personal. Hope you're keeping ok.
 
Her ya go..................


blackswanchartael4.png
 
The "Black Swan" is serious business. Its basically a failed double bottom breakout. This has been happening all year long where what looks like a sweet setup and a trustable chart formation turns out to be a trap.
 
Im wondering why Jack would go long on that trade. Price fell out of a clearly defined channel. I have found when price falls out of a channel then its best to be short. Im wondering if he was playing a very short-term bounce (a day, a few hours, etc.).

When price falls out of a channel, then how can you go into any other trade besides short? Going long even for a short timeframe can prove to be a wreck.
 
Quote from stock_trad3r:

Log charts are useless
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Haha..you and log charts have a lot in common...

Keep buyin Stock turd!! You know what they say about blind squirrels!!
 
Quote from yoohoo:

Getting a bit late for your call Jack. As this is one I thought you'd do well in I was interested to see how you'd call it.

I might not agree with your daytrading approach but it's nothing personal. Hope you're keeping ok.
More...

I posted on this about 10 months ago.

At that time, in later December 2007, I had to extend the chart just as I requested here.
 
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