JTH's Account Talk

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Can't get to my charting account from work, will post the update when I get home.
 
More of the same, without confirmation, we lack conviction, without conviction we may chop around here for a bit. Despite today's awesome gains, I consider everything under 2000 (or 50%) belonging to the sellers.

001.png

Tran's PNF .25% box scale flipped over to a buy, with a Triple Top Breakout. That puts SPX, W4500, TRAN in bullish territory, with the NASDAQ 100 at a double top.

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More of the same, back in the red channel, but still in the green channel. Perhaps we've got a little ascending triangle going on, either ways it would be nice to maintain this higher low, or else risk setting off another flood of sellers...

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Watching how this develops is better than any soap opera, or as they call them today "reality TV show"... :nuts:
 
FAB1 said:
Watching how this develops is better than any soap opera, or as they call them today "reality TV show"... :nuts:
Click to expand...

Here, here, if the US Markets were open 24/7 I'd never get to sleep...

Here's a mid-lunch update, it appears we're gaining some traction, up .94%

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JTH said:
Good finish for the week, perfectly primed to head either direction...

View attachment 35100
Click to expand...

I know which way I'm hedging the bet. Look at the bottom 2. Then look at the above nice chart you showed...with what the preceding pattern is leading to the triangle.
Which one of the 2 (below) looks like a more representative setup?

symmetrical.gif
 
FireWeatherMet said:
I know which way I'm hedging the bet. Look at the bottom 2. Then look at the above nice chart you showed...with what the preceding pattern is leading to the triangle.
Which one of the 2 (below) looks like a more representative setup?

symmetrical.gif
Click to expand...

I love triangles, but I have not measured their statistical probabilities, this particular one is more than 2/3rds into the apex with only 2 touches on the topside, with 5 on the bottom. Lucky me, I started watching the markets again, after the damage was already done and most of the news was priced in, so I'm a bit less bearish than others.

X marks the spot...

001.png
 
It's starting to look a little better out there, we're once again within striking distance of the 50% level from July's top to the August bottom. We also have our highest daily close over the past 18 days, with 2 closes above the 20SMA. If this most recent wave isn't finished, then I'm looking for a 2000-2015 price objective, once there, perhaps we'll pullback before surging higher to fill the 2036 hourly gap.

002.png


Something you don't see everyday is "Unison" within the major indexes I track. SPX, W4500, Tran & the Nasdaq 100 all have Ascending Triple Top Breakouts.

003.png
 
RealMoneyIssues said:
Its a trick Jason, run for the hills... :cheesy:
Click to expand...

I'm beginning to think I'm the only one on this forum who thinks the markets are going up. I certainly "hope" it's not a trick, I'm in & all out of IFTs, just need to squeeze a little more lemon till the juice runs down my leg...

 
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