Topi

[sponono]

HOD and the R/$ just hits the floor. maybe 2day is the day for the close above 30,600

[doomsdayza]

still waiting for your feedback on your previous topi call post.

[sponono]

have tried to upload chart and failed. hope this helps: 34600 lol, u got to be joking. Trade the range dude, good resistance at 29550/29650 and at 1288/1300 on s&p, decent short at 29650 gets you 200 pts intraday to 29450. Why are u trying to predict a 5000 pt move when even the best analyst and traders dont know where this market will be tomorrow Re:Re:ALSI by sponono on 12 Jan 20:47 technical analysis 201: the top of the reverse Head and Shoulders was in Feb 2011 at 30,000 and its bottom was in August 2011 at 25,000 points. A break above 30,000 will have an upside target of 30,000+(30,000-25,000) which gives you 35,000. this is obviously not for day trading buy a medium term analysis of what could "PROBABLY" happen to the overall market IF WE OTC (Open Trade and Close) above 30,000.

[doomsdayza]

sorry man - gibberish... :( obviously 35 000 is not a day trading target... cheers

[doomsdayza]

www.tinypic.com

really not hard to upload a pics

[doomsdayza]

ok... i think i'm now on the same page. feb 11 (30 000) start - aug 11 (25 000 head) etc... that's what i drew on my chart in the blue. still stand by my comments though. thks for clearing up.

[DEP]

Hmmmm....will we close above 30530 resistance?

[DEP]

who will prevail today bulls vs bears (30530 res.)?

[#9]

so i guess the BEARS prevail

[sponono]

may the stop loss be with you

[DEP]

Another shot at 30530 - could break and hold above?

[#12]

market is wicked, from bear to bull in the space of 12 hrs

[sponono]

where was the bear? the market was just sucking a few short-sellers to build momentum for an up-ward move.

[andre20]

What happened now.....from bear to bull to bear all in 12 hours!!

[Rams]

ALSI in a trading range on hourly since end January 2012 with support around 30000. Daily trend still up,since August 2011 with higher lows...next support is also around 30000 on daily but next major support on daily is 29100(61.8} which if taken out will make 28300 the level to watch for trend reversal on daily.. but for day trading today, trend down on 5,15 and 60... but that could change in 2 hours or less or more. So same as just spinning a coin and tight money management on the smaller time frames?

[sponono]

close above 30,500 today?

[#17]

http://chartupload.com/images/60004086898600116280.png ... I would be a buyer of longs at the mo

[BC02]

might be wrong but rising wedge, falling volumes and divergence on rsi/stoch. Might still close above 500 though, guess were waiting for the S&P to create some trend.

[BC02]

targets finally hit, just wish I'd stayed in longer instead of taking the smaller profit.

[Rams]

a retrace to about 30400 today (and reversal) would be a short.