Inverted head and shoulders on the SPX?

stock_trad3r · Mar 10, 2009

As I have been saying since the dow was at 14,000 just keep buying the dips. True, markets are down 50%, but at this rate we'll see new highs withi na few years. 14,000 by 2014 easily. And those gains WILL hold.

Just keep buying

veggen · Mar 10, 2009

Nice divergence in this last up here from NQ:

http://www.sierrachart.com/userimages/upload_2/1236708069_5_UploadImage.png

stoneface · Mar 10, 2009

Quote from veggen:

Nice divergence in this last up here from NQ:

http://www.sierrachart.com/userimages/upload_2/1236708069_5_UploadImage.png

Great observation Veggen.

It seems like using delta zone divergence might give you an edge on when to fade anchor S/R.

Many thanks to AMT for spending some quality time to help us out.

Stone

AMT4SWA · Mar 10, 2009

Quote from veggen:

Nice divergence in this last up here from NQ:

http://www.sierrachart.com/userimages/upload_2/1236708069_5_UploadImage.png

There you go sir......you have the set-up correct.

BTW, the more liquid the instrument the better the signals are......just so you know.

I am currently holding ES sells from 715.00/716.00 from our HOD run second rotation up push in the ES. Targets for todays positions set at 710.00......707.00.......705.00 and I will hold 66% of 716.00 entries for any additional down side move below 705.00 level.

710.00 targets were filled already......707.00 next target on deck.

AMT4SWA · Mar 10, 2009

Quote from stock_trad3r:

As I have been saying since the dow was at 14,000 just keep buying the dips. True, markets are down 50%, but at this rate we'll see new highs withi na few years. 14,000 by 2014 easily. And those gains WILL hold.

Just keep buying

But all these traders here do not work for the FED......they do not have money printing machines!!!

chuckt101 · Mar 10, 2009

Quote from AMT4SWA:

There you go sir......you have the set-up correct. BTW, the more liquid the instrument the better the signals are......just so you know.

I am currently holding ES sells from 715.00/716.00 from our HOD run second rotation up push in the ES. Targets for todays positions set at 710.00......707.00.......705.00 and I will hold 66% of 716.00 entries for any additional down side move below 705.00 level.

710.00 targets were filled already......707.00 next target on deck.

Did you get your 707 fill? I see ES touched 707.

I went long @ 707.75 at that point (14:49 EST)

One of my tgts was HOD but I got scared and closed on the dip back down :mad:

AMT4SWA · Mar 10, 2009

Quote from AMT4SWA:

There you go sir......you have the set-up correct. BTW, the more liquid the instrument the better the signals are......just so you know.

I am currently holding ES sells from 715.00/716.00 from our HOD run second rotation up push in the ES. Targets for todays positions set at 710.00......707.00.......705.00 and I will hold 66% of 716.00 entries for any additional down side move below 705.00 level.

710.00 targets were filled already......707.00 next target on deck.

Sold additional positions at 717.00.....first target for these positions at 713.00....all other listed targets remain.

traderyin · Mar 10, 2009

Quote from AMT4SWA:

Sold additional positions at 717.00.....first target for these positions at 713.00....all other listed targets remain.

so much conviction....

AMT4SWA · Mar 10, 2009

Quote from AMT4SWA:

Sold additional positions at 717.00.....first target for these positions at 713.00....all other listed targets remain.

Took a profit target fill at 713.50 on the second rotation down off highs area push......missed 713.00 fill on first time down. Setting a new target at 710.00 to clear out all remaining 715.00 entries.....will hold 716.00/717.00 entries overnight into AH session.

AMT4SWA · Mar 10, 2009

Quote from AMT4SWA:

Took a profit target fill at 713.50 on the second rotation down off highs area push......missed 713.00 fill on first time down. Setting a new target at 710.00 to clear out all remaining 715.00 entries.....will hold 716.00/717.00 entries overnight into AH session.

Sold 720.50's now too......set first target at 715.00 now with other 717.00 entries first target.

With fill at 715.00 I will be holding only 720.50 entries....all other positions will be covered......next target will be at 712.50 for first 33% of 720.50 entries to be covered.