Charts 2-22-09


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  • lordalfa
  • 22-Feb-2009 at 9:12 PM
  • Rep: 140
  • Posts: 264
3 hours into Globex open


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61.8% retrace to the tick of the down leg since Thu high of 797.00

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  • VOwater
  • 23-Feb-2009 at 5:58 AM
  • Rep: 133
  • Posts: 4,121


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  • lordalfa
  • 23-Feb-2009 at 6:25 AM
  • Rep: 140
  • Posts: 264
Bearish Gartley?


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  • 0
  • VOwater
  • 23-Feb-2009 at 7:42 AM
  • Rep: 133
  • Posts: 4,121


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  • VOwater
  • 23-Feb-2009 at 7:45 AM
  • Rep: 133
  • Posts: 4,121
yes LA...Gartley and the confluence zone was hit. Above is Bullish Crab on 5m.
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  • lordalfa
  • 23-Feb-2009 at 8:20 AM
  • Rep: 140
  • Posts: 264


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  • lordalfa
  • 23-Feb-2009 at 8:35 AM
  • Rep: 140
  • Posts: 264
Sorry my retracement was drawn in reverse. It is short of 1 tick to 61.8% retrace.
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  • lordalfa
  • 23-Feb-2009 at 11:39 AM
  • Rep: 140
  • Posts: 264
If you were short since 0520 to 0530, you have made a lot.

Really weak market. Really FUBAR.



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  • VOwater
  • 23-Feb-2009 at 6:47 PM
  • Rep: 133
  • Posts: 4,121
Here is how this Bearish Gartley from the above post has played out so far. I have also included the current wave count from this chart period (1 1/2 point range). The count is unusually clean and easy to spot.

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  • lordalfa
  • 23-Feb-2009 at 8:43 PM
  • Rep: 140
  • Posts: 264
Biggest loser last night as I tried to look for that long. -18. PT got crushed too. The winners are those who didn't take the trade. The biggest winner is palmer at +17. He went short I think.

The bottom didn't come and maybe it did at pit close.

Could we be seeing another bearish Gartley pattern coming up? Looks like a new X-A leg. How much retrace are we looking at to form B?
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