EbbChart Made a Big Call Last Week

[tsptalk]

For those familiar with the EbbChart pattern system, you may understand what Ebb said here in his October 20th report when he discovered a triple pattern 8 for 10/27 (today), 10/28 (Friday), and 10/31 (Monday).

I didn't think we'd get it, but after nearly five long years of wait, we finally have our triple pattern 8-8-8 (red-green-red x 3). This is one of two major bullish patterns on the ebbchart (pattern 5-5-5 is the other). Time to mortgage the house, sell the family heirloom and be in stocks (just saying). A stampede of epic proportions lay ahead.

-ebb 10/20/11

And I was out of IFT's. Fortunately, this call was not only bullish for the short-term (those 3 days) but also bullish for the longer term.

A little disclaimer: Ebb's system is very aggressive and has had a some very big drawdowns. Don't follow it if you don't have a strong stomach.

 

[Happy_Trails]

So, is Ebb calling for this rally to continue tomorrow and Monday? I have an IFT to use and would like to make a bit of money this month, if possible. I am hearing that a lot of traders are shorting today heavily. From a contrarian perspective, this makes me think tomorrow and Monday may be good. I have been hoping for confirmation from other sources but seems like everyone still wants to be short.

 

[tsptalk]

These triple patterns he speaks of is something he recently discovered (within the last 6-12 months) after struggling to convert his very powerful active trading system into a 2 to 3 trade per month system. He found that triple patterns are good turning points. But the pattern 8 happens to be very strong and the triple magnified it.

The trouble with some of these individual daily patterns is that they recognize big daily moves coming but they are not always in the same direction. It depends on many things. So, Ebb may be saying all 3 days could be good, but from my experience it would not surprise me if the next two days are big movers, but one could be down, and another could be up. The triple just means the future looks good.

 

[Birchtree]

My friend the shorts are going to get steam rolled. We are in the middle of a 2009 like buying stampede. I'm simply sitting back with my rain barrel as it fills up.

 

[Bquat]

These triple patterns he speaks of is something he recently discovered (within the last 6-12 months) after struggling to convert his very powerful active trading system into a 2 to 3 trade per month system. He found that triple patterns are good turning points. But the pattern 8 happens to be very strong and the triple magnified it.

The trouble with some of these individual daily patterns is that they recognize big daily moves coming but they are not always in the same direction. It depends on many things. So, Ebb may be saying all 3 days could be good, but from my experience it would not surprise me if the next two days are big movers, but one could be down, and another could be up. The triple just means the future looks good.

Nooo, your were supposed to post this 11.5 minutes ago. Before IFT deadline, I didn't have one anyway.

 

[Happy_Trails]

These triple patterns he speaks of is something he recently discovered (within the last 6-12 months) after struggling to convert his very powerful active trading system into a 2 to 3 trade per month system. He found that triple patterns are good turning points. But the pattern 8 happens to be very strong and the triple magnified it.

The trouble with some of these individual daily patterns is that they recognize big daily moves coming but they are not always in the same direction. It depends on many things. So, Ebb may be saying all 3 days could be good, but from my experience it would not surprise me if the next two days are big movers, but one could be down, and another could be up. The triple just means the future looks good.

With 1 IFT remaining, I thought it was worth a shot. I'm in for tomorrow and probably Monday unless tomorrow is up big. May just be a day based on what you are saying about how the patterns play out.

 

[nasa1974]

With 1 IFT remaining, I thought it was worth a shot. I'm in for tomorrow and probably Monday unless tomorrow is up big. May just be a day based on what you are saying about how the patterns play out.

Tuesday starts a new month and 2 fresh IFT's. You may want to be careful how you move things around and when. Sure do not want to use a new IFT to early.

 

[tsptalk]

With 1 IFT remaining, I thought it was worth a shot. I'm in for tomorrow and probably Monday unless tomorrow is up big. May just be a day based on what you are saying about how the patterns play out.

Well, I think Ebb was pretty encouraged for the 3 days, but he actually called a market bottom in the last days of September (23rd- 28th) when he had a quadruple pattern (pattern 3). He said it could easily mark the bottom. Despite the accuracy, he seemed more exited about this triple 8 pattern than that quad 3 pattern - and so far today we can see why.

A little disclaimer: Ebb's system is very aggressive and has had a some very big drawdowns. Don't follow it if you don't have a strong stomach.

 

[Happy_Trails]

Tuesday starts a new month and 2 fresh IFT's. You may want to be careful how you move things around and when. Sure do not want to use a new IFT to early.

I plan to be nimble. If I am getting creamed and my other service remains on a sell, I will head for the pond on Tuesday. This would mean I would start out November in G.

 

[tsptalk]

Tuesday starts a new month and 2 fresh IFT's. You may want to be careful how you move things around and when. Sure do not want to use a new IFT to early.

Like use our 2 trades during the first week of a month so the TSP can hold our money hostage for the rest of the month while the market jumps 12%? Got it. Been there, done that.

 

[Bquat]

Nooo, your were supposed to post this 11.5 minutes ago. Before IFT deadline, I didn't have one anyway.

I was concerned that people would take your first comment as extreemly bullish and you backed off a little after IFT time. So I hope you were right and Ebb TSP makes + 5.25%. This market has been anti-technical analysis this year. Maybe that will change as the Bull trend returns.

 

[nasa1974]

I plan to be nimble. If I am getting creamed and my other service remains on a sell, I will head for the pond on Tuesday. This would mean I would start out November in G.

I hope you meant that you would make your move on Monday the 31st before noon so that Tuesday the 1st you were in G with 2 IFT's for the month. If you make your move on Tuesday then you only have 1 IFT left for the month.

 

[Bquat]

A little disclaimer: Ebb's system is very aggressive and has had a some very big drawdowns. Don't follow it if you don't have a strong stomach.

This should of been in the first post. I think his subscribers are already aware of this and follow knowing the risks of being agressive traders. High risk high reward.

 

[tsptalk]

I was concerned that people would take your first comment as extreemly bullish and you backed off a little after IFT time. So I hope you were right and Ebb TSP makes + 5.25%. This market has been anti-technical analysis this year. Maybe that will change as the Bull trend returns.

After I posted I did notice it was after the deadline. Oops. I would have a hard time buying after a day like today myself, but this could be one of those times when we look at the chart in 6-12 months where this week's bar is just a dot far below and it wouldn't have mattered much if we bought today, tomorrow, or next week. Hopefully, anyway.

 

[Happy_Trails]

I hope you meant that you would make your move on Monday the 31st before noon so that Tuesday the 1st you were in G with 2 IFT's for the month. If you make your move on Tuesday then you only have 1 IFT left for the month.

Yes, that is what I meant. Actually, this buy coincides with another system that I talked about when I first came to the board, purchasing when price rises above the 200SMA. The only catch is that you are supposed to buy if price closes above the 200SMA on the last day of the month, otherwise, you stay out. I am a bit early obviously but we are currently above the 200 SMA. Let's hope this holds up. :nuts:

 

[Happy_Trails]

A little disclaimer: Ebb's system is very aggressive and has had a some very big drawdowns. Don't follow it if you don't have a strong stomach.

This should of been in the first post. I think his subscribers are already aware of this and follow knowing the risks of being agressive traders. High risk high reward.

My stomach is stronger after August. Hopefully, we will not now start to repeat that pattern.

 

[Bquat]

After I posted I did notice it was after the deadline. Oops. I would have a hard time buying after a day like today myself, but this could be one of those times when we look at the chart in 6-12 months where this week's bar is just a dot far below and it wouldn't have mattered much if we bought today, tomorrow, or next week. Hopefully, anyway.

I forgive you, been there done that. I happens when you rush to get something out just before IFT time.

 

[Bquat]

For those familiar with the EbbChart pattern system, you may understand what Ebb said here in his October 20th report when he discovered a triple pattern 8 for 10/27 (today), 10/28 (Friday), and 10/31 (Monday).



And I was out of IFT's. Fortunately, this call was not only bullish for the short-term (those 3 days) but also bullish for the longer term.

A little disclaimer: Ebb's system is very aggressive and has had a some very big drawdowns. Don't follow it if you don't have a strong stomach.

So did anyone lose money on this. I was just wandering?

 

[tsptalk]

For the 3 day trade you would have made about 1.6%, but holding into day 4 would have about wiped out that gain (as of 11:30 AM).

As I mentioned last week:

The trouble with some of these individual daily patterns is that they recognize big daily moves coming but they are not always in the same direction. It depends on many things. So, Ebb may be saying all 3 days could be good, but from my experience it would not surprise me if the next two days are big movers, but one could be down, and another could be up. The triple just means the future looks good.

 

[Bquat]

For the 3 day trade you would have made about 1.6%, but holding into day 4 would have about wiped out that gain (as of 11:30 AM).

As I mentioned last week:

Thanks