alvian33 wrote:uempel, how do you draw all those charts, where do you take all those circles from? no offense but I my opinion they are very confusing, and not sure if much reliable.
stockcharts java draws them, and to answer your second question: they are an application of Newtons 3rd law and they work perfectly, very reliable. See channels, Andrews Forks, Fib Bounces/Fans, grids... Most similar to Gann's rhomboids, but better.
Look at the arrow, ellipses showed yesterday that SPX was coming to this spot.
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I agree that they seem to work VERY well, but Mr. Kandinsky were do we go at the fork in the road, uh, er ellipse?
For that you have to use other indicators, sto, macd, ppo, vix whatever. Ellipses only signal a move and the moment, in general no direction.
Thanks! Please keep them coming, I enjoy them a lot.
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heavenskrow wrote:The dollar also reached its head and shoulder minimum target perfectly.
Miss seeing you around...I check the blog occassionally. I take it you are biased toward further breakout?
Thanks sexy.
Well some inverse key indexes have been breaking support which is bullish. The DAX might register a weekly RSI buy signal if it has a strong close...
30year bonds have been incredibly weak from last weeks report.. However TMF was on support from yesterday...
Intraday wise I thought it was really interesting how the ES got set up that like that.
I already registered with your site and wish to express my thanks for your tremendous hard work and contribution. I am been lurking in this forum for a while and a newbie in TA. Lost a lot of money in the past and will hope to take it back (hopefully in this lifetime) with your help and the help of all the fellow contributors in this forum.
You see an active spot in Singapore in the google analytics? Yes, that's me.
Thanks and welcome aboard!
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VIX hits 200 day moving average. Do you think there will be a pullback for SPY? This week is really crazy!
Of course there'll be a pullback. Let's first all all see how this day ends, so far everything goes as I planed.
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heavenskrow wrote:Longtime no see Cobra people.
Thought I would share something interesting. The inverse H+S target level coincided with the recent top intraday and made a bigger parallel channel.
heavenskrow wrote:Longtime no see Cobra people.
Thought I would share something interesting. The inverse H+S target level coincided with the recent top intraday and made a bigger parallel channel.