Wednesday, September 30, 2009

Just-Charts Wednesday

SPX - Daily



NDX Daily Renko


SPX Weekly Renko




A

8 comments:

Anonymous said...

Luv those renkos! Here is daily.

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p59388071002&a=171819650

It is still in an uptrend. Notice the a-b-c correction in Aug, then the 1, 2, 3, 4 waves up. We "could" be in the 5th that will take out close of 1070. The oscillators could be starting up to support this. That would be a perfect 5 EWs off the Aug. low! Wouldn't that be something?

- cramar

Anonymous said...

Stockcharts $NDX daily and $SPX weekly renko remain buys.

Laawaaris said...

Allan,

On the candlestick daily SPX chart, I see the ATR Trailing Stop as the solid black line plotted onto the price region.

What is the dotted blue line that appears in the same price region as the ATR Trailing Stop indicator?

Thanks in advance for the help!

Anonymous said...

The daily ES Z9 Renko does not look like a buy to me, it just signaled a sell today. I cannot transmit the chart but it just indicated a sell with BWT indicator sell at 1055.45. Guess we'll see. Steve

joe said...

I would be a very nervous short tonight. Flat and happy. GL all.

Anonymous said...

ten year bull market has begun.
http://finance.yahoo.com/tech-ticker/article/346886/10-Year-Bull-Market-Has-Begun-Dow-Will-%22Double-For-Sure%22-Hennessy-Says?tickers=dia,%5Edji,spy,%5Egspc,qqqq&sec=topStories&pos=9&asset=&ccode=

Allan said...

Laawaaris:

What is the dotted blue line that appears in the same price region as the ATR Trailing Stop indicator?

It's a moving average.

Anonymous said...

Anonymous,
All it will take is a bad employment report tomorrow with a 10%+ read, a shake up in asian market that have been more than 100% up since their lows following today's US shake up, and you cna sprinkle in a little uncertainty following the resignation of Ken Lewis at BOA to bring people back to what they experienced at the end of last year, psychology will do the rest and $COMP will break below 2000, S&P will be below 1000 etc... then down we go...
The billion dollar question is where do we stop??
AR.