BT''s Classroom (SPX FORKS)

[Meg J]

Hi BT! You know, 'same old same old'...just raising boys and holding down the fort. Trading here and there but this board-- guys (and gals)-- is golden.

[blacktruck]

Bottom finders..

TICK




NYAD..




COLOR TICK MA

[Smurfedtear]

I guess the answer was no.

[blacktruck]

no...

[Smurfedtear]

Horizon Natural Gas hnu.to (daily)

BT... could this be true? May 19/20th is the answer for tomorrow?

[Smurfedtear]

Has any classes on this Pring's material?

[blacktruck]

Prings Lucky 7

[Smurfedtear]

BT.... sadly to say, i asked my cousin to let go when it was $57 to even it up because he missed $64..... but he wouldnt listen.. infact, he believes that RIMM will rise again to the 70's one of these days..

I was like... keep dreamin' there bro!

Such a company can come to today's consequence... sigh!

[blacktruck]

.... would appreciate feedback on this message on the timing board...

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64397966

[blacktruck]

RIMM is appled to death..wouldnt touch it......their mgt proved to be quite complacent and they got cooked...


I can remember RIMM in its heyday...but you had to listen to some of their conf calls the last 8 qtrs or so to see these guys just didnt get the coming rev in phone tech..

[Smurfedtear]

WOWZERS! Research in Motion!!!

I can totally see this thing falling below $20..
What do you think, Oh Mighty Blacktruck? haha!

[denmo83]

Cashed out today...

Green on the trade. Not bad for a trade that began April 14th and weathered the market kerplunk.

[Smurfedtear]

TSLA (Tesla Motors) Daily

[Smurfedtear]

Netflix (Daily)

[Smurfedtear]

MCP (Daily)

[denmo83]

Middle tine...

on the 60 minute provided support for now.

[denmo83]

Evening star??

Think I'd like 'em to close the gap right now.

[blacktruck]

Good luck on that.....be patient..I smell a blow off top(SPX)a coming...

Thinking our dear legislators have an opportunity with the debt ceiling limit fiasco to reconcentrate a lot of wealth in big money families and other non deserving scum...... Rises followed by quick falls are just what is needed to accomplish this..

[denmo83]

Hey bt...

I'm still hangin' with RRD.

May has been a good month for Donnelley. I'm still looking for the SPX to find it's footing and give a good run.

[Smurfedtear]

HAH!

I havent updated that chart in a while... ;)

So what's new?

[denmo83]

LOL.

[blacktruck]

I am emailing you a Post Office Box #..submit a check to this account if you want the roadblocks removed.......

[denmo83]

Your forks are containg the price on RRD.

[blacktruck]

Smurf....great time to take a lesson on this......when price is heading south .......fork should point south be as well.......

[blacktruck]

The SPY 60 minute chart..in phases...

[blacktruck]

I am watching STEC with interest...seeing as how tablet PC's are the rage and solid state hard drives have growing demand...Taking alook at the daily ( I am mixing static and live charts here)

STEC Static Daily..



Applying forks to this chart and adding a warning line..

[Smurfedtear]

BT,

I updated my fork and i say it's a buy signal now.

[Smurfedtear]

JASO (daily)

[denmo83]

A poster at TT did some fork work on RRD...

http://dl.dropbox.com/u/14413877/RRD_20110522_14_09_52.png
http://dl.dropbox.com/u/14413877/RRD_20110522_14_13_52.png
http://dl.dropbox.com/u/14413877/RRD_20110522_14_14_53.png
http://dl.dropbox.com/u/14413877/RRD_20110522_14_23_31.png
http://dl.dropbox.com/u/14413877/RRD_20110522_14_26_41.png
http://dl.dropbox.com/u/14413877/RRD_20110522_14_41_23.png

[denmo83]

I'm not daytrading the position. Just have higher sites.

[blacktruck]

perhaps a pullback to 20- then go for the next swing(25ish)...pullback should resemble abc if mkt allows....if they take mkt higher this will be live wire...all just my opinion denmo and I am often wrong...

[denmo83]

Nice call...

No, I didn't. Still holding.

LOL.

[blacktruck]

R on weekly...

[denmo83]

Stockcharts price labels don't jive with Yahoo historical prices.

Yahoo has 23.20 on 1-7-10 & 1-15-10.

22.83 on 4-26-10.

[denmo83]

Because of the double top last year at 21.40/21.30?

Or the forks in post 520?

[jxyzobrien]

yoku

http://stockcharts.com/h-sc/ui?s=YOKU&p=60&yr=0&mn=2&dy=0&id=p31620596355&a=221012526

[blacktruck]

Watch 21.25...

[denmo83]

Still thinking 21.68ish?

[pHiLtHy]

SPX 60min.

da gap @ 1330ish decicively filled and we have a close below IHS neckline AND ascending wedge lower TL... should we continue, next gap is peach colored horizontal bar between 1312ish and 1319ish... GLTA

[blacktruck]

Morge says buy the second touch......so look for a rinse back to ml that would be buy point...

[Smurfedtear]

Nvda (Nvidia) Daily

[denmo83]

Thanks blacktruck. Still holding. Thinking next month, SPX 1450ish.

[blacktruck]

This kind of move looks like a 3....so time will tell as it could be either or...eventually this wave should reach 21.68 which takes out the old high...but right here it could come into some R...I worked some more on the 60..

[denmo83]

Good morning bt...

Do you think RRD is in the C wave of that A B C you spoke of?

[blacktruck]

yes --those charts are always live

[denmo83]

In post 520?

[blacktruck]

I placed a gap fork on the 60..

[denmo83]

RRD is back up above the spike. Still holding.

[blacktruck]

So will this work?

TNX 30







or is the gap fork the better fork?

[blacktruck]

Take a look at this SPX series..if this fails to reach upper ml of lower fork then a hagopian situation arises...probably monday..











If this is the fourth...then an abc should print here...a down b up c down..then a five wave...also consider if bulls win big they turn the 4th into a b wave and head back to top...