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Weekend Watering Hole



Re: Weekend Watering Hole

Postby cougar » Sat Aug 20, 2011 1:38 pm

UPRO: Friday in retrospect.
The midday gyrations resulted in a triple SELL signal, which was reinforced before close.
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Re: Weekend Watering Hole

Postby 99er » Sun Aug 21, 2011 11:22 am

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Re: Weekend Watering Hole

Postby 99er » Sun Aug 21, 2011 8:43 pm

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Re: Weekend Watering Hole

Postby cougar » Sun Aug 21, 2011 9:36 pm

Very nice Ichimoku, 99er!
Even a non-expert, like me, could figure out the message…
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Re: Weekend Watering Hole

Postby cougar » Sun Aug 21, 2011 9:41 pm

SPX
Late last night, while I was asleep, Volpinacci (my Espresso-Machine-BOT) got some detailed 30-40 yrs back data.
Volpinacci then compared 5 different timeframes (30 min to monthly) on which distinct criteria were used to display “reasonable” target/support levels. On each timeframe, only the strongest 3 to 5 targets/supports were retained, to avoid FOG (Fake Overloaded Grid) artifacts in a further cross-selection. On the simplified final table, only coinciding levels (at least 3x) were displayed:

#1 = 1090-1093 (4x)
#2 = 1049-1050 (4x)
#3 = 1016-1017 (3x)

…to which I should add a low and very strong support (triple confluence) on monthly: SPX=845.
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Re: Weekend Watering Hole

Postby 99er » Sun Aug 21, 2011 9:45 pm

cougar

If only I had drawn it; the credit goes to Chris Capres of Second Skies who posted the chart at Zero Hedge.

Chris' FX site: http://2ndskiesforex.com/

P.S. I was just about to ask you about your support levels! 845...wow.
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Re: Weekend Watering Hole

Postby 99er » Sun Aug 21, 2011 10:25 pm

Last edited by 99er on Mon Aug 22, 2011 5:28 am, edited 2 times in total.
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Re: Weekend Watering Hole

Postby cougar » Sun Aug 21, 2011 11:08 pm

99er wrote:cougar

If only I had drawn it; the credit goes to Chris Capres of Second Skies who posted the chart at Zero Hedge.

Chris' FX site: http://2ndskiesforex.com/

P.S. I was just about to ask you about your support levels! 845...wow.

Yep...Here is 845, as I said
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