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 Strategies & Market Trends | E-Wave and TA Workspace


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To: Joseph Silent who wrote (196483)2/7/2012 3:04:30 PM
From: robert b furman of 203449
 
Hi JS,

I lik e how both Rsi and Macd have dipped ,reset and turned positive.

Grinding higher.

Any one not in wants a dip and is nervous to enter.

Any body who got in before - is selling just a bit and not able to buy a dip.

Only people happy are the longer term buy and holders - there is justice after all.LOL

Bob

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To: Joseph Silent who wrote (196483)2/7/2012 3:32:00 PM
From: rcksinc of 203449
 
Joseph this is simplicity using a Monthly SPX chart. The Bearish orange fork is now dead, it was anchored on the high's of 2000. The Bullish Blue fork is clearly showing all anchor points and price currently is up against the Midtine of the fork.


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To: rcksinc who wrote (196485)2/7/2012 10:42:44 PM
From: Joseph Silent of 203449
 
Thanks much rck. I like the look of that figure. In fact ...............................

I have that blue line (mid tine) in one of the patterns I am watching. I will try to read up on pitchforks and use them when I get some time this summer. They seem to show overlap with what I draw, but with more reasoning (I guess).

I tend to find two to four ways of drawing something, and all look reasonable .... and I so have no basis to choose!
In the case I posted (to what you responded) I simply chose one intuitively (what I felt was best). So our lines are slightly different .... and it will be interesting to watch. But you have to admit the only thing simpler than two lines is one line. !! :)

When I posted the following figure in the last week or two, I suggested that the brown line would be a lid of some sort. So far it has been that.

Whenever we break above the brown line (maybe in a day or two, hopefully) I expect a top of some kind to come within 17-20 points, from wherever the break occurs. After that I don't know how to project what will transpire .... yet ..... :)



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From: mchjc2/8/2012 10:20:33 AM
of 203449
 
Currency and bond markets indicating risk-ON..

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From: mchjc2/8/2012 11:21:48 AM
of 203449
 
$/UUP reversed around 10:30, and has moved from red to green..and to risk-off.....pressuring stocks into pullback..

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From: mchjc2/8/2012 4:03:39 PM
of 203449
 
Thread showing no interest whatsoever......but it was a very interesting day...

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To: mchjc who wrote (196489)2/8/2012 4:09:03 PM
From: robert b furman of 203449
 
Hi Henry,

Been gone most of the day.

Got up early and had to buy vehicles at an auction here in Houston.

Got up even earlier and place autobids at an auction in Shreveport.

When I looked earlier both the Dollar and Euro wer up.

The close seemed to slowly build.

What did your closer watch see?

TIA

Bob

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From: mchjc2/9/2012 11:13:36 AM
of 203449
 
FYI..in the absence of any discussion on this thread, I have been posting elsewhere..Here's my last..

Message 27938085

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To: mchjc who wrote (196491)2/9/2012 1:03:41 PM
From: Shack of 203449
 
If you stop by (-g) here is a gorgeous bull wedge which portends month and months of up:


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To: Shack who wrote (196492)2/9/2012 1:17:29 PM
From: mchjc of 203449
 
Well whadda you know...somebody is actually posting on this thread...None other than Shack himself !!..LOL

Right...but sure you agree, first need to see break above falling upper line..

I'd watch SLV in connection with that, where I think I see a completed falling TA wedge portending move up to 42 Sept high..

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