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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: GROUND ZERO™ who wrote (28819)2/1/2012 8:31:29 AM
From: Chip McVickar  Read Replies (2) | Respond to of 222719
 
Morning...

The closest shoulder low in that chart had the first 2 bars of a buy wiggle... it morphed into an odd 4 bar if you combine the last two... there are a whole series of bar combined patterns that one can watch.... that is unless your on a cruise watching the steam off a standing rib roast, bone in, with yorkshire pubbing and roasted potatoes.



To: GROUND ZERO™ who wrote (28819)2/1/2012 10:49:17 AM
From: Chip McVickar  Read Replies (1) | Respond to of 222719
 
As you know... these patterns can extend out 7 bars... and with various combinations producing the buy/sell wiggle.

Todays high sets up the completion of the 2nd bar... nicely:
1 - combine 1st 2 bars
2 - combine next 3 bars
3 - ??? [6th and/or 7th bars]

So if price closes below 1308.20 (futures market) within the next two bars (7 days) the sell wiggle will be in place...

fwiw... watching 10:30 and 11:15 est today

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