Sunday night Globex Wedge Bounce


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  • Ninja
  • 27-Apr-2009 at 12:51 AM
  • Rep: 100
  • Posts: 218
See chart for explanation

Click image for original size
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  • Ninja
  • 27-Apr-2009 at 3:42 AM
  • Rep: 100
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We managed to reach our initial wedge target at 851. We made it to 853, but in the process a Rubber Band short setup occurred at the 3rd touch of an up channel. A drop to 849 was the RB MM down (see chart on right) while the channel MM and price move MMs had us just below this level, all confluent. Our MM from wedge bottom to 853, to pullback at 848 has us just above 854, very near our top of wedge ultimate target. We'll see as early morning trading progresses.

Click image for original size
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  • BruceM
  • 27-Apr-2009 at 8:48 AM
  • Rep: 216k
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Is it just me or are Ninja's charts extremely wide and hard to see on a reqular monitor without scrolling back and forth...? I like the concepts though!!!
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  • Ninja
  • 27-Apr-2009 at 10:29 AM
  • Rep: 100
  • Posts: 218
Bruce:

My fault! Sorry. I keep forgetting and tend to snag a 2 monitor view as its just habit from doing it so long. I will try to grab individual charts going forward. Please excuse me if I occasionally forget.

Thks
N
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  • BruceM
  • 27-Apr-2009 at 12:47 PM
  • Rep: 216k
  • Posts: 19.9k
Thank you Ninja...great stuff!!
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  • redsixspeed
  • 27-Apr-2009 at 1:08 PM
  • Rep: 4,111
  • Posts: 1,711
Wide Load....LOL :)
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