Hey everyone, just realized I got the invitation to post on this fantastic board. Unfortunately I'm a complete newbie to trading, especially technical analyses. I'm here to learn from this incredible community. Thanks a bunch Cobra for your insight and dedication.
Hi Cobra: Want to thank you and your no-nonsense contributers for the chance to join you
each day ! I am no daytrader but have high regard for your replies and opinion.
Cobra,
Thanks. It looks like your call is all but done. S&P and DOW futures are down right at friday's lows now (10est). Who dares to go across the channel.
I noted that the friday DJI close (as well as low) landed right on the bottom of the bear channel. I have a excel program that finds support lines on highs, lows, closes, OH, and OL. It still needs alot of work to program out all of the extranious data. But that is how I found the close bear line.
Good luck
tomorrow.
xfradnex
Flip that coin.
Legal note:Don't believe anything I say above. You may lose yourA$$..
My chart has Daily Elders (Close, High, and Low), MA-2, CCI, and ATR for each stock; all color coded.