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  #11 (permalink)  
Old 01-08-2007, 12:13 AM
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thanks for the advise minosa bro.
i would like pple to give bad comments then good comments.
this is just a small breakout due to now is still in the bullish trend. over all we are still intact with the bull.

so the top n the bottom must have high vol to make it a good indication?

the trap done is at the blue arrow.... forming a bull trap. the high increase of 280 causes the bull trap.

for eg. if it's a triple bottom n after the last bottom form, it when down trend, with long black candlestick it will form a bear trap. correct me if i am wrong. cos i just learn this from a 55 guy
haahaaa
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Last edited by cool79 : 01-08-2007 at 12:23 AM.
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  #12 (permalink)  
Old 01-08-2007, 09:20 PM
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support at 13200
next will be 12300
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  #13 (permalink)  
Old 01-08-2007, 11:13 PM
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"next will be 12300"

how u tell that the next one is 12300?
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Old 02-08-2007, 01:49 AM
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50% of fibo
after dat is abt 12800
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Old 02-08-2007, 02:08 AM
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Despite a confluence of 3 technical indicators near 13230 which consists of

1. Fibbo retracement of 38.2%
2. Support at 13230 which held on 2 occasions previously
3. 100d EMA

It broke the support of 13230 with relatively high volume. I deduce that the next few supports are the 50% Fibbo retracement though i tink it is not likely and the level near 12730. 12730 is likely to be held at support due to a confluence of 3 technical indicators yet again.

1. Fibbo retracement of 61.8%
2. 200d MA
3. Trendline which was drawn and tested starting from around 1.5 years ago.

Just my viewpoint ..
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Last edited by guang : 02-08-2007 at 02:12 AM.
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  #16 (permalink)  
Old 02-08-2007, 07:30 AM
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DOW 1-AUG-07 (CLOSING) 13,362.37 4:05pm ET Up 150.38 (1.14%)
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Old 03-08-2007, 06:49 AM
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DOW 2-AUG-07 (IHOP CLOSING) 13,463.33 4:03pm ET Up 100.96 (0.76%)
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Old 04-08-2007, 07:39 AM
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DOW 3-AUG-07 (CARL'S JUNIOR CLOSING) 13,181.91 4:18pm ET Down 281.42 (2.09%)
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Old 04-08-2007, 08:16 PM
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Quote:
Originally Posted by guang View Post
Despite a confluence of 3 technical indicators near 13230 which consists of

1. Fibbo retracement of 38.2%
2. Support at 13230 which held on 2 occasions previously
3. 100d EMA

It broke the support of 13230 with relatively high volume. I deduce that the next few supports are the 50% Fibbo retracement though i tink it is not likely and the level near 12730. 12730 is likely to be held at support due to a confluence of 3 technical indicators yet again.

1. Fibbo retracement of 61.8%
2. 200d MA
3. Trendline which was drawn and tested starting from around 1.5 years ago.

Just my viewpoint ..
i just went for a FA n TA course..... learn more things again... using MFI... good indicator.... then now u come out the vol/acc.... ahhhhh another good indictor... siao liao... got too much indicators... fainted
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  #20 (permalink)  
Old 05-08-2007, 12:16 AM
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lol...better than me, know not many indicators
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