The S&P just put in another higher short term bottom

[CowboyBlue]

100% up room to go

 

[William Rennick]

Quote from steveosborne:

In volente's case, I think the man deserves a little bit more credit. From what I can remember, he called the 1/20 and 2/28 intermediary bottoms immediately after they had formed (the very next day). That's probably why he became the poster boy for the bulls since late January. I've read only a few of his posts and he doesn't seem like the kind to brag, begging for recognition like many others do here to compensate for their lack of success in the markets.

By the way, was your wife able to find that newspaper article on your grinning Korean ( ) story because it would be really great if you could scan it and post it here.

The Wife is still looking, but my daughter In Atlanta has a copy and is sending it to me , once I get it I'll post it here, or maybe a new thread.

...Rennick out

 

[steveosborne]

It would be worth a new thread I think.

 

[2manywhiners]

quote from Korean War Vet:
...Rennick out

While it may not be pure genius...

...You have to admit...

...he is entertaining.



2manypeoplenothavingfun Out!

 

[EqtTrdr]

I love 100% up room to go!!

 

[volente_00]

Quote from EqtTrdr:

I love 100% up room to go!!

T day is like free $$$$$$ donations from our short friends.


Volente out........................

 

[volente_00]

I'm loving it,

This is the retracement I have been waiting for to bounce off of 1275 as predicted to form the other shoulder of the inverse H&S.


http://stockcharts.com/h-sc/ui

 

[gharghur2]

There is surely an inverse head and shoulder pattern on the SPX, and it's right at support of the Feb 28th intraday low

 

[murray t turtle]

Quote from EqtTrdr:

I love 100% up room to go!!

==============
Have been known to help polar bears, when;
they leave enough tracks.
Cool.

Its a shame though ,
some dont study/ realize the vast majority of trends on S&P are up , most time frames. Hope this helps

 

[limitdown]

Quote from volente_00:

The S&P just put in a higher short term bottom on Feb 28 or is within 5 points of doing so and will not close lower than 1275 before the next breakout above 1300.

so the question you have to ask is:

1) is it walking up a wall of worry?
2) is it stair stepping higher through base building?


the challenge to statistical analysis, market forcasting and chart reading is using hindsight from present point looking forward.

you will have to do this in tandem with a variety of other indicators, hopefully with the majority of them being in sync, as well as use multiple time frame analysis (i.e. 5min, 15min, 60min, daily, etc.)