P&F Chart School

Sort by newest Sort by date
New uptick today- just from the outside influence of Freddie/Fannie is my guess.

Although we got some green, this afternoon it is petering out. Freddie/Fannie hangover will not last long.


Negative price objective remains showing at 1130.

​
 
It's looking particularly bad for tomorrow. All indications are that we are going to drop like a rock over the next couple days- well below the 1200 mark.

Here is the close of friday's chart. Although we closed green, it was not as high as the last cycle, meaning that we continue on the downward slide. Futures are showing lower for tomorrow, and there is a resistance level around 1200. However, this will be the second time we're at the 1200 level, so I don't know if it is going to hold. Longer indications say we still should expect 1130 range on the downside.


Personally, I'm still stuck in the market and falling with everyone else who's in.

The TSPTALK leaders are still largely in "G", with only two of the top ten performers now in stocks- the rest of them remain in safety in "G" or "F".

Check out who is up, and where they are, at the TSPTALK Autotracker leader board, located here:

http://www.tsptalk.com/tracker/tsp_user_balance_all.php

Good luck.​
 
Was 1133 close enough? That 1130 price objective got my attention. And it looks like it bounced. I have many more questions but I know you guys usually throw in enough extra gold to answer them. So, thanks in advance.

-- I must confess I know nothing of the P & F chart other than what you guys have most graciously shared. Much thanks!!
 
Today we clearly achieved capitulation. Our low was 1133, just a tad off the P&F chart forecasted 1130.

And with that, we hit an incredible 42 on the VIX today:

​
No question in my mind- we hit a wall and are about to move back up again. The question is how high, and for how long.

Watch for the P&F chart to show green upward "X"s tonight on the huge reversal this afternoon in the last hour.

Will it be enough for the price objective to be reversed?

THAT is the question. We'll have to wait and see.​
 
Caution:

Opens up and reached 1230's right off the bat. The good news is we got the green "X"s this morning.

HOWEVER, it wasn't enough at the open to break upwards. We're still down below the top of the last downward stroke. Therefore, the cycle is not offically broken, and we remain technically still in the bearish mode, with the price objective remaining at 1130.

This COULD change this morning. We COULD get a technical reversal. But as of this minute, I am not yet convinced we've changed direction.​
 
Breakthrough!

Technical change. Changes from bearish, to bullish, with a brand new Bullish Price Abjective of 1510 showing:

The P&F Chart now shows bullish, and would be signaling a "BUY" today if you follow the P&F chart moves.​
 
luv2read said:
James,

Opinion on P&F for small caps and EFA as well? If you have time.:)
Click to expand...
Bullish price objective on small caps - S fund - now at 710! (Don't know how to post chart - need to write down your instructions to Alevin. :embarrest:)

EFA still bearish PO at 51.

Lady
 
Last edited:
Looks like an excellent buying opportunity is now forming, if we get back down into the 1150-1170 range. Will post detailed data tonight.
 
Market rebounds rest of week. Why? 75 percent retracement of rally...greed for those who missed the rally...banks on the verge of taking charge in the coming recovery...a bottoming tail that hit S&P 1133 and bounced off with vengence...bailout passed Friday or at the latest Sunday night...and because FED/Bush want to keep the economy afloat until after the election. As for the bears, the bad news priced into the market...VIX reading topped at 41-45. Should remain eased off that high. latest volume on rally fade is low indicating weak hands selling. Strong hands in rest of week. Sitting in the last couple of recessions, I sense the time is near. My father always said, "Buy low and sell high". I'm in tomorrow 50 percent C (bank rally coming)...and plan on the other half soon. Wish me luck. Got my motion sickness medicine readied. Bring on the ride. :cool:
 
XL-entLady said:
Bullish price objective on small caps - S fund - now at 710! (Don't know how to post chart - need to write down your instructions to Alevin. :embarrest:)

EFA still bearish PO at 51.

Lady
Click to expand...
1. I do a screen capture (press print screen).
2. Open MS Paint, click Edit then Paste.
3. The full screen capture should appear.
4. Select the area of the chart you want to save.
5. Use this, View attachment 4737
6. Copy your selection.
7. Start a new file and, edit/paste your selection into the new file.
8. You may edit your file using paint, add text, draw what ever.
9. Save as a JPG or GIF, Jpg is a better Picture.
10. Insert your file into your post!!
Easy!!!!!!:D
 
You must log in or register to reply here.

Similar threads

tsptalk
  • Article Article
TSP Talk - Holiday week follows 5-day win streak
Replies
1
Views
174
exnavyew
exnavyew
tsptalk
  • Article Article
TSP Talk - Despite some choppy action, the bulls remain in control
Replies
0
Views
121
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - Something big is brewing - good or bad?
Replies
5
Views
221
robo
robo
tsptalk
  • Article Article
TSP Talk - Has the mid-month pullback begun?
Replies
1
Views
134
TommyIV
TommyIV
tsptalk
  • Article Article
TSP Talk - The Grinch has taken over the Santa Claus rally
Replies
0
Views
108
tsptalk
tsptalk
Back
Top