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Simplicity in TA
- Thread starter Xspurt
- Start date
Quote from dv4632:
Would anyone have used either of these lines on their chart?
Sure. Can't see left but on what you present the baseline is the parallel of the long top one and the small one is a minor swing projection forming the top part of the wedge.
Use your swings.
Attachments
Looks like the Double Top outcome of Xspurt will play out.
Based on his previous "as I said" it would be time to short the 80s and 90s in the SP500 to get that leg down.
Just updating the current action with the comments on the past to keep it in perspective.
Based on his previous "as I said" it would be time to short the 80s and 90s in the SP500 to get that leg down.
Just updating the current action with the comments on the past to keep it in perspective.
pre-FOMC run-up, all over charts for 48 hrs. Market has been exhibiting this behavior in past. Check.
The most recent market likes to run-up on Ben's words, whenever they may be. Check.
AAPL is being heralded as the world's most valuable company. And delivered. Check.
AAPL drives this market, and the news spin is they have fueled the global market rally reaction (ehhh). So, co-locate that AAPL chart with the SPX at all times. It's like the old days of follow GE.
http://www.bloomberg.com/news/2012-04-25/u-s-stock-futures-advance-apple-rallies-after-earnings.html
All the double tops and double bottoms of whatever pattern time-frame won't hep unless you add the psychology of the charts.
Anyway, kudos to xpurt and if you are really yoohoo alias then even better. Liked reading the old threads back in the day.
Great thread for reflection/perspectives.
The most recent market likes to run-up on Ben's words, whenever they may be. Check.
AAPL is being heralded as the world's most valuable company. And delivered. Check.
AAPL drives this market, and the news spin is they have fueled the global market rally reaction (ehhh). So, co-locate that AAPL chart with the SPX at all times. It's like the old days of follow GE.
http://www.bloomberg.com/news/2012-04-25/u-s-stock-futures-advance-apple-rallies-after-earnings.html
All the double tops and double bottoms of whatever pattern time-frame won't hep unless you add the psychology of the charts.
Anyway, kudos to xpurt and if you are really yoohoo alias then even better. Liked reading the old threads back in the day.
Great thread for reflection/perspectives.