Technical Strategy

Moving from point 2 to point 3 and need a dominant after the topside lateral breakout to complete the sequence.

Will be looking for a signal to reverse long at the bottom of the lateral.

Note that Home Sales impending.
 
Bit slow there. Delayed reaction to the sequence completion within the lateral.

Reversal long.

841.75 @ 15:00:24

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2276170>
 

Attachments

Relaxing through the long lateral.

However, the EmWave (level 2) says otherwise. Plastic paradox and the casual undermining of LTD.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2276264>
 

Attachments

Quote from Neoxx:

Thanks for the comments, Ehorn.

I agree completely and think your chart is more coherent and accurate.
More...

I thought SCT was supposed to be unambiguous. How come you all come up with different charts?
 
Having reservations about the long drift lateral I chose to annotate on what I thought was a long trending day.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2276430>
 

Attachments

Not aware of any news that might be accounting for this.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2276487>
 

Attachments

  • 4.gif
    4.gif
    70.3 KB · Views: 396
You must log in or register to reply here.
Back
Top