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Thanks, yes I think we could be setting up a "morge coil" between that left
pivot at 1260.75 and the further left pivot at 1266.50 (spu30min) to try to
make run at the 62% and old left pivot at 1278...wouldn't take too long..
and everyone is looking for it to go lower the odd ball30 is short but maybe
ready to turn, and your Mkt vols still in the negative territory, but rising
Thanks for your help
Charlie
----- Original Message -----
From: "EAdamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, June 11, 2001 5:39 PM
Subject: Re: [RT] Re: EA's_Symmetry - Nasdaq
> I had a bit of trouble matching the 13 minute chart to what I have here,
> ND100 cash seemed to come the closest but not sure. However, an opportune
> time to ask the question because I suspect that there was some important
> information provided at today's lows. This morning I mentioned the return
to
> the heavy red line on the 30 minute spoo and being short. That chart
> included a horizontal blue line from the left pivot lows at 1258 and
that's
> where I expected price to go so I put in an order to cover at 1259 with a
> plan to sell the retracement back toward the left pivot high at 127750.
> Price moved quickly to the 126050 area and then stalled. Rather than risk
a
> nice profit to pick up a few more ticks, I covered. While price did
finally
> manage to get to 125900, it did not manage to get to 125800 and that is
> IMPORTANT. It means that the market was strong enough not to decline where
> it "should" have gone (aside from missing the 125800 pivot low, it also
> failed to reach the 162% expansion typical of a w.3 which I believed the
> decline to be). Similar situation in the NASDAQ cash where price failed to
> reach the 2146.81 left pivot low.
>
> Symmetry often works nicely, but it does not work in a move forever so we
> need to be alert for a possible change in trend or psychology when
symmetry,
> channels or fibonnacci projections fail to work as anticipated. In this
> case, the 125800 was not hit and something seemed to change so I won't
short
> the retracement back to 127750 until something else sets up. The 5 minute
> spoo seems to be setting up some bullish symmetry which runs counter to my
> 30 minute trend so I'm going to wait. My suspicion is that we might now
get
> a sloppy move up which could last until my late time clusters kick in on
the
> 15th. I don't expect new highs, and I do expect a good move south.
>
> Earl
>
> ----- Original Message -----
> From: "ChasWaring" <cwwaring@xxxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Monday, June 11, 2001 2:52 PM
> Subject: [RT] Re: EA's_Symmetry - Nasdaq
>
>
> > Earl,
> >
> > So, If I read your previous gif's right...we now have a strong move
down,
> > pausing at the 1940 level, which now becomes resitance. We have today
> > blasted thru the "rim"? at the 1900-1905 levels, which also become
strong
> > resistance in conjunction with the .62 Fib.
> >
> > Do I have it right here at the bottom? the 1870 resistance has been
> broken
> > on the upside and now should act as support, also the is .38
retracement.
> > So, expect to hold here, but encounter resisitnace all the way to 1900
> > ...and the 1880 CL_andrews line. At 1900 should be looking for a
shorting
> > opportunity.
> >
> > If 1870 fails as support, the downtrend resumes, testing the 1850 and
the
> > low.
> >
> > ??
> >
> > Thanks, Charlie
> > I've attached a gif of the 13 minute NQ
> >
> > ----- Original Message -----
> > From: "EAdamy" <eadamy@xxxxxxxxxx>
> > To: "Realtraders" <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Friday, May 25, 2001 7:12 AM
> > Subject: [RT] Re: Symmetry - Nasdaq
> >
> >
> > > One more observation regarding this chart - remember my comment that
> long
> > > moves which are unbroken with significant pivots represent strong
> > > support/resistance when evaluating symmetry. Look at the left side of
> the
> > > chart I posted on the NASDAQ composite and you will note a long run
> which
> > is
> > > not interrupted with pivots - this is the kind of support which is not
> > > easily broken and quite likely explains why the decline met only the
> > minimum
> > > 62% objective rather than the 200% objective. The "ideal" chart
provides
> > > regular series of relatively evenly spaced pivots up and down, however
> the
> > > world of trading is seldom ideal.
> > >
> > > Earl
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
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http://docs.yahoo.com/info/terms/
> >
> >
>
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