This Fuzzy/Gann chart is not too complicated and gives information a short term trader wants in regard to support/resistance/timing. These grids work, the ellipses too. A real good tool in regard to s/r and timing. It does not give all the information, but it's very helpful.
Last edited by uempel on Wed Nov 16, 2011 1:09 pm, edited 2 times in total.
I took the Long from 32.8 to 61.8 for a nice day trade but I'm not holding long overnight until we break the wedge. My gut says we test the lower triangle (green) line before that happens.
There were 7 back to back red candles on the SPY 5 minute followed so far by one white then black. I am bullish and looking at the TA, it should rebound here; for how long I can't say, at least to the 125.85$ level.
This Fuzzy/Gann chart is not too complicated and gives information a short term trader wants in regard to support/resistance/timing. These grids work, the ellipses too. A real good tool in regard to s/r and timing. It does not give all the information, but it's very helpful.
f.png
haha...not you of course dood. but i know of at least one trader who i respect who had a buy stop to add to his longs 10 cents above that line of yours which was triggered on that spike up.
BenAndLloyd wrote:Cobra,
I wasn't aware of your server costs. Why don't we all pitch in towards the cost? Please think about it. Even $3-5 each would cover it.
In website hosting, the term "bandwidth" is often[citation needed] incorrectly used to describe the amount of data transferred to or from the website or server within a prescribed period of time, for example bandwidth consumption accumulated over a month measured in gigabytes per month. The more accurate phrase used for this meaning of a maximum amount of data transfer each month or given period is monthly data transfer.. http://en.wikipedia.org/wiki/Bandwidth_(computing)
There's a big difference.
Bandwidth transfer rate is measured in bits (not bytes). A T1 line is 1.544 Mbps and a T3 44.736 Mbps. A T3 is something for a small call center. Prices are proportionate to real bandwidth (hosting providers do have shared bandwidth with guaranteed peak demand limits that are quite high for a reasonable cost). http://www.t1shopper.com/http://t3lineprice.com/
PAGING Baron von BearCub52x
My last post for the day, so u better pay attention to it
Four Musketeers (laggards) update http://stockcharts.com/h-sc/ui?s=SPY&p= ... =248748719
PS: not only do u have a butt-ugly avatar, u also have an ugly dog
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Cobra wrote:testing OR high, key time. normally, should be a rebound of some kind here.
Cobra’s green line is really important = 125.4.
They are still gyrating around it!
It happens to be also the top of the “30 min opening trading range”.
Last edited by cougar on Wed Nov 16, 2011 1:25 pm, edited 2 times in total.
Well it looks like MAKO just tested there low at about 31.81 for the third time now since the first part of Oct..Now lets see if we get a good up move.Lets see.
BY my measurement, TRAN and IWM is stronger than I expected. too many people buying TZA? EEM short or EDZ is the place to be if you are playing devil side.
My comments are for entertainment/educational purpose only. NOT a trade advice.
a consolidation like this usually means continue down, so bulls need pray here.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.