I spy with my eyes an intraday bear flag on the S&P500 (July 6, 2010) from noon to ~2:15PM. Market is doomed b/c (intraday) bear flags always foretell of a major crash...
S&P500 Bear Flag Noon-2:15PMish
- Thread starter gettinglucky
- Start date
Sure. Look at 12:00PM - ~2:10PMish. Bear flag!
If you compress the graph on the x-axis to create the flagpole the flag also compresses, i.e., almost disappears. So why don't you just draw out the flag pole and the flag on top of the chart so some of us dullards can see what you are seeing? Wouldn't it make sense to base your rather unsettling conclusion on more than just a Summer's afternoon of trading on light volume? (The second worst outcome I can imagine is that you will, by blind luck, be proven right and we will have to salute you as a genius. 
) It looks more like a pooper scooper to me.
) It looks more like a pooper scooper to me.
Quote from piezoe:
If you compress the graph on the x-axis to create the flagpole the flag also compresses, i.e., almost disappears. So why don't you just draw out the flag pole and the flag on top of the chart so some of us dullards can see what you are seeing? Wouldn't it make sense to base your rather unsettling conclusion on more than just a Summer's afternoon of trading on light volume? (The second worst outcome I can imagine is that you will, by blind luck, be proven right and we will have to salute you as a genius.
Do I really have to????
And here I was thinking that ET lurkers, erm, I mean traders knew what they are doing...
Original
While I'm at it... Here is my prediction for tomorrow... But that don't mean the market isn't doomed (short-intermediate term)...
(See IMG below...)
(See IMG below...)
That
Or this...
... Tomorrow...
Or this...
... Tomorrow...
Booya!
PREDICTION
ACTUAL
PREDICTION
ACTUAL
NEXT PREDICTION
(Btw, I'm not a day trader, so I haven't made a single penny from my predictions)
(Btw, I'm not a day trader, so I haven't made a single penny from my predictions)