Comments on: Let the Chart Tell Us Whether or Not SPX is Heading to 1000 http://www.focalequity.com/2009/07/17/let-the-chart-tell-us-whether-or-not-spx-is-heading-to-1000/?utm_source=rss&utm_medium=rss&utm_campaign=let-the-chart-tell-us-whether-or-not-spx-is-heading-to-1000 Tue, 24 Jan 2012 18:53:55 +0000 hourly 1 http://wordpress.org/?v=3.1.2 By: Tony http://www.focalequity.com/2009/07/17/let-the-chart-tell-us-whether-or-not-spx-is-heading-to-1000/comment-page-1/#comment-77622 Tony Mon, 20 Jul 2009 01:53:15 +0000 http://www.stocktock.com/?p=16358#comment-77622 Hi Guys, Thanks for all the comments although a very few relate to my post. But that's good. At least you guys can check out my site :) Hi Guys,

Thanks for all the comments although a very few relate to my post. But that’s good. At least you guys can check out my site :)

]]> By: zee http://www.focalequity.com/2009/07/17/let-the-chart-tell-us-whether-or-not-spx-is-heading-to-1000/comment-page-1/#comment-77595 zee Sun, 19 Jul 2009 02:48:23 +0000 http://www.stocktock.com/?p=16358#comment-77595 this weeks up move ** this weeks up move **

]]> By: zee http://www.focalequity.com/2009/07/17/let-the-chart-tell-us-whether-or-not-spx-is-heading-to-1000/comment-page-1/#comment-77594 zee Sun, 19 Jul 2009 02:48:03 +0000 http://www.stocktock.com/?p=16358#comment-77594 MORNING stars & evening stars are very reliable.. I think we got one on the weekly but it canceled with this' weeks up date. MORNING stars & evening stars are very reliable..
I think we got one on the weekly but it canceled with this’ weeks up date.

]]> By: zee http://www.focalequity.com/2009/07/17/let-the-chart-tell-us-whether-or-not-spx-is-heading-to-1000/comment-page-1/#comment-77593 zee Sun, 19 Jul 2009 02:46:00 +0000 http://www.stocktock.com/?p=16358#comment-77593 Don't pay too much attention to candlestick patterns... Don’t pay too much attention to candlestick patterns…

]]> By: Alex http://www.focalequity.com/2009/07/17/let-the-chart-tell-us-whether-or-not-spx-is-heading-to-1000/comment-page-1/#comment-77586 Alex Sat, 18 Jul 2009 22:54:54 +0000 http://www.stocktock.com/?p=16358#comment-77586 Thank you! Thank you!

]]> By: Unersaettlich http://www.focalequity.com/2009/07/17/let-the-chart-tell-us-whether-or-not-spx-is-heading-to-1000/comment-page-1/#comment-77585 Unersaettlich Sat, 18 Jul 2009 22:25:54 +0000 http://www.stocktock.com/?p=16358#comment-77585 I make most charts with stockcharts.com and freestockcharts.com. They can both annotate charts, but I do the really fancy ones with PhotoShop Elements. With stockcharts.com, you need a full-bore subscription (over $350/yr) to get real-time intraday charts, but it's worth it. They have a tutorial for using the site. You must "add new" to save the unmarked chart first, then you click the Annotate link and mark up the chart in a separate window. Once you get the chart marked up as you wish, you can save it from the annotation window (and later retrieve it and update it forever). Right-click the finished chart to and save the image as a .png file. With freestockcharts.com, you can mark up the chart directly with the Draw tools that drop down when you click "Draw" at upper left. I capture the image and save it as a .png file with the Snipping Tool in Windows Accessories. You can also email links to live charts with both sites. tinypic.com will make a link to static chart images (use the bottom link for posting here). You can also edit the chart image .png files with most image-editing software, ranging from free Windows Paint thru $600 Photoshop CS3. I make most charts with stockcharts.com and freestockcharts.com. They can both annotate charts, but I do the really fancy ones with PhotoShop Elements.

With stockcharts.com, you need a full-bore subscription (over $350/yr) to get real-time intraday charts, but it’s worth it. They have a tutorial for using the site. You must “add new” to save the unmarked chart first, then you click the Annotate link and mark up the chart in a separate window. Once you get the chart marked up as you wish, you can save it from the annotation window (and later retrieve it and update it forever). Right-click the finished chart to and save the image as a .png file.

With freestockcharts.com, you can mark up the chart directly with the Draw tools that drop down when you click “Draw” at upper left. I capture the image and save it as a .png file with the Snipping Tool in Windows Accessories.

You can also email links to live charts with both sites. tinypic.com will make a link to static chart images (use the bottom link for posting here). You can also edit the chart image .png files with most image-editing software, ranging from free Windows Paint thru $600 Photoshop CS3.

]]> By: Alex http://www.focalequity.com/2009/07/17/let-the-chart-tell-us-whether-or-not-spx-is-heading-to-1000/comment-page-1/#comment-77583 Alex Sat, 18 Jul 2009 18:35:19 +0000 http://www.stocktock.com/?p=16358#comment-77583 Thanks, Ed. I stand corrected; that should be an Evening Star. Thanks, Ed. I stand corrected; that should be an Evening Star.

]]> By: Ed http://www.focalequity.com/2009/07/17/let-the-chart-tell-us-whether-or-not-spx-is-heading-to-1000/comment-page-1/#comment-77582 Ed Sat, 18 Jul 2009 17:27:41 +0000 http://www.stocktock.com/?p=16358#comment-77582 Alex, if I may comment I think that latest Daily 'stick/Friday is more of a 'hanging man'. They occur at ends of Uptrends. (not saying it IS over tho!) Or, it CAN too, be a hammer! Morning Stars are at end of Downtrends...so if we gap up, then it might turn into an Evening Star. I said 'might'. Those 'Advance Block' do end up 'taking profits' soon after, no doubt. And I'd like to think only after a previous High is retested. http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:candlestick_pattern_ Check out the 'red hammer' of July 10th; perfect clue to a rally. Of course I am of the opinion that the current 'hanging man' CAN be the instigator of a Downtrend, tho does not HAVE to start one. It still might be a Hammer. Note how Tuesday also was a 'hammer OR a hanging man'. An either/or type of 'stick. It turned out to be a hammer. Hammers 'hammer' the Uptrend up, up. We could still have further to go up because we got an either/or happening. I don't know when it reverses. I will be looking for a reversal near the old Highs of 957 area. And, not saying that is 'doom-forever' but just maybe a retrace. Gotta be nimble on this trading. Buy and Hold can get ya hurt. Market went slightly over 9% down from Highs of this wave... Certainly enough to kick out the Investors Bus. Daily crowd that have '7% loss/Stops' in place. So now we are in an 'area of confusion', is what I call it. Resolution: 'To pay attention a bit more' I had some Qubes July 36 Calls .qqqgj at .55c. I knew I was 'wrong' from Day 1. Didn't get out tho. I looked at it Monday and noticed I had lost almost all my $385, and not too happy about it. Was down to low of .6c. (lol) I had other things to do this week and didn't pay much attention to the markets. (should have) Sure enough, this thing closes out the week at $1.61x1.67 26x the money from lows. I stopped out at .22 the next day after lows, and glad I got that. Next qtr, I will pay attention a bit more... Alex, if I may comment I think that latest Daily ‘stick/Friday is more of a ‘hanging man’. They occur at ends of Uptrends. (not saying it IS over tho!) Or, it CAN too, be a hammer!

Morning Stars are at end of Downtrends…so if we gap up, then it might turn into an Evening Star. I said ‘might’. Those ‘Advance Block’ do end up ‘taking profits’ soon after, no doubt. And I’d like to think only after a previous High is retested.

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:candlestick_pattern_

Check out the ‘red hammer’ of July 10th; perfect clue to a rally. Of course I am of the opinion that the current ‘hanging man’ CAN be the instigator of a Downtrend, tho does not HAVE to start one. It still might be a Hammer.

Note how Tuesday also was a ‘hammer OR a hanging man’. An either/or type of ‘stick. It turned out to be a hammer. Hammers ‘hammer’ the Uptrend up, up. We could still have further to go up because we got an either/or happening. I don’t know when it reverses.

I will be looking for a reversal near the old Highs of 957 area. And, not saying that is ‘doom-forever’ but just maybe a retrace. Gotta be nimble on this trading. Buy and Hold can get ya hurt.

Market went slightly over 9% down from Highs of this wave… Certainly enough to kick out the Investors Bus. Daily crowd that have ’7% loss/Stops’ in place. So now we are in an ‘area of confusion’, is what I call it.

Resolution: ‘To pay attention a bit more’

I had some Qubes July 36 Calls .qqqgj at .55c. I knew I was ‘wrong’ from Day 1. Didn’t get out tho. I looked at it Monday and noticed I had lost almost all my $385, and not too happy about it. Was down to low of .6c. (lol) I had other things to do this week and didn’t pay much attention to the markets. (should have)
Sure enough, this thing closes out the week at $1.61×1.67 26x the money from lows. I stopped out at .22 the next day after lows, and glad I got that.
Next qtr, I will pay attention a bit more…

]]> By: Alex http://www.focalequity.com/2009/07/17/let-the-chart-tell-us-whether-or-not-spx-is-heading-to-1000/comment-page-1/#comment-77581 Alex Sat, 18 Jul 2009 17:19:40 +0000 http://www.stocktock.com/?p=16358#comment-77581 Caption Contest "Hi, Hank. Ben's been waiting for you." http://www.newyorker.com/humor/caption Caption Contest

“Hi, Hank. Ben’s been waiting for you.”

http://www.newyorker.com/humor/caption

]]> By: FLguy http://www.focalequity.com/2009/07/17/let-the-chart-tell-us-whether-or-not-spx-is-heading-to-1000/comment-page-1/#comment-77580 FLguy Sat, 18 Jul 2009 16:58:04 +0000 http://www.stocktock.com/?p=16358#comment-77580 Vice President Joe Biden: ‘We Have to Go Spend Money to Keep From Going Bankrupt’ Sounds more like Yogi Berra. BTW...Anyone else think Chris' videos provide no value whatsoever? Vice President Joe Biden: ‘We Have to Go Spend Money to Keep From Going Bankrupt’
Sounds more like Yogi Berra.

BTW…Anyone else think Chris’ videos provide no value whatsoever?

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