pitchforks

[konviction]

ibm weekly view. The black median line, and the blue sliding parallel line is where I'd be buying (blue zig zag range)

Look at resistance on a monthly. Some serious resistance at 130.. a quad top forming...dont see many quad tops lol.

 

[konviction]

ibm daily. The red down ward fork isn't tested yet, so dont worry about it.

 

[ammo]

thanks kon,was nice of ya

 

[konviction]

MMM has been very strong, so the green fork, for now is untested, however the black fork, has been tested a few times at its median line, and lower fork level, but the upper fork resistance point has just now been hit. Will it hold or break through...lets see. A drop to 65 would be nice along the black median line, but a drop to 75 along the green median fork line would be more reasonable.

Also this tight narrow range up that mmm has been in, I dont see how its sustainable.

 

[ammo]

thanks again, new to forks , heres a beginners spx

 

[konviction]

SPY daily.

 

[konviction]

no problem.

LL daily. Price spent all of its time in the upper portion of the fork, not once getting anywhere near its LFL (lower fork line). Momentum has crashed through the floor, maybe now it will.

 

[konviction]

my trade on wmt.

 

[ammo]

gold, seems to be trading with es

 

[konviction]

heres what i see on gold. We shouldn't drop any more than 100.55 acording to the fib from the current swing high. If thats broken, 88.82 I would expect.