S&P daily pivots and break-down & up Targets

Quote from sandygray66:

Very impressive Joe!

Do you discuss anywhere on this thread or elsewhere how you arrive at your levels, or is that considered proprietary?

Thanks.

Sandy
More...

I do them by hand, there is no way to do them any other way
do you get them ?
 
BOOOOO YAAAAAAAA Target Hit on S&P, that is what I trade
then the NQ and poor little dow came just 24 pts shy

DAMMMM could have been a trifecta


Plus last night on 60 min chart we had a H&S
I will post pic I took
 
Quote from TradePilotPro1:

Here is the pic, I don't like to have a BIAS however this was based on a setup
More...

What about the prior? Its an H&S as well. The head on the second one stopped at the 61% Fib. That was a sell in its self with out the second shoulder in place. As a further note with out a histogram in place its a crap shoot. At least the weaker Histo height would at-least confirm weak Momentum which would support a short bias.:)
 
For me (who isn't in your room) action has been a crap-shoot.

But I did manage to lock in ES and NQ gains today - and more than just a few points!p$

Thanks again for the levels, man.

:D
 
Quote from paysense:

I did great with Joe's levels yesterday. He's taking the day off I guess. . .no levels in my inbox.p$

:(
More...

Well, I did take the day to get some stuff done
I did not feel the market would do anything

Remember the KEY levels under 63-64 area is 56-58
then above the 64 area is 67-then 71 to 74
above 74 is 83 for the next level

This should play out till the end of the year
I will update you tonight as to what I am seeing, if anything

Also under 56 is 52 than 46 for areas of support


If this market keep this range trading up, it will be real easy going forward, already it has been a simple trade just by the #
we have been sideways for 6-7 weeks now

I will take it anyday over the 600-800 point psyco market.......
LOL


:D :D :D :D

Peace to all,


Joe Baker
 
<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/row7y_ZPXJ8&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/row7y_ZPXJ8&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>

I video on what I am seeing going into the new year

Happy New Year to you all,

Joe Baker
 
Mahalo Joe.
You mentioned the Almanac and the fact that this Jan low took out last Dec's but shouldn't have?
So, like everything else lately these markets aren't behaving "normally"?
Interesting, if you could write a little about that I'd appreciate it... my friends (non-traders) are really spooked by Madoff and I suspect they'll be moving money around and going into protective mode. I was suprised more of them hadn't (some decided just "not to look"!) moved out of mutual funds and stock indexed based IRAs/401Ks but they haven't...
There are alot of people out there that don't know and don't want to know what is going on economically. Scares me.
Aloha
 
You must log in or register to reply here.
Back
Top