Replies to post #16434 on Zeev's Turnips Patch-No Politics (ZEEV)

[montanamark]

i don't get your ps? you mean if you are short?

[jrintl]

LG- If we go down from here (to 1300, below?), hellacious timing on that call by you..

Been expecting down too...went short a bit too earlier in aft....we'll see about the close

[LG]

COMPX, NYA, SPX "Intra Day" Charts...(I kept the charts small this time for the monitor challenged...gg)

Here is what I was seeing near the close yesterday. Keep in mind these charts only represent a single snap shot of these Indexes illustrating only one time frame.


My Qcharts “Intra Day” COMPX (NASDAQ Comp) 65-min Semi-log Chart
Price action bouncing along the resistance line of the rising channel, which originates from the 8/5 pivot low. My intra day models are legging into the over bought range. The retrace points are a preliminary guide, as we will have to wait until Monday to see if the expected pull back began near the close Friday or not.





My Qcharts “Intra Day” NYA (NYSE Comp) 65-min Semi-log Chart
The NYA price action has traced out a larger rising wedge from the smaller patterns' construction and subsequent retraces from the 7/24 pivot low. My intra day models are legging into the over bought range. The retrace points are a preliminary guide, as we will have to wait until Monday to see if the expected pull back began near the close Friday or not.





My Qcharts “Intra Day” SPX (S&P 500) 65-min Semi-log Chart
The SPX price action has traced out a larger rising wedge from the smaller patterns' construction and subsequent retraces from the 7/24 pivot low. My intra day models are legging into the over bought range. The retrace points are a preliminary guide, as we will have to wait until Monday to see if the expected pull back began near the close Friday or not.





Regards,
LG