Replies to post #68748 on Options Wonderland

[xnxsxx]

Never heard of the bearish crab pattern before, i looked it up and doesn't the D have to extend past the X, but you drew it as if its lower

maybe you meant bat?

[dalcindo]

S&P 500: $SML - BEARISH 5-0 Pattern: Speculative Advanced Pattern Formation:

25 SEP 2011 - TECH-NOTE:
Watch for 315 and 225 at two significant harmonic convergence levels. Additionally, I'd pay particular attention to the advanced pattern formation below, which carries a high probability of completion and expected price reaction (Bearish in this case):

BEARISH 5-0 PATTERN:
As of this date, the 0,X,A,B points have preliminarily defined the price points expected for a BEARISH 5-0 PATTERN. Expect C to extend between 1.618 and 2.240 of AB, and D to define the 50% point of BC. Therefore, the pattern is not finished. C will define D, and D will point to a high probability decline.

003 b - $SPX: $SML - 10-Yr., Monthly Chart - 25 APR 2009

- Dalcindo
More of these charts on my public list list at stockcharts.com

[dalcindo]

SPX - BEARISH 5-0 Pattern: Harmonics Development - Correction:

MONTHLY chart (see link) does NOT illustrate a BEARISH GARTLEY, but a BEARISH 5-0 PATTERN instead. Sorry if I created any confusion. Here is a WEEKLY chart of the same with the right pattern:

002 - $SPX: WEEKLY

- Dalcindo

[3xBuBu]

SPX - solid support around 1100,
should start to bounce from here, IMO