Comments on: Recent Measured Move Retracements in SPY Oct 21 http://blog.afraidtotrade.com/recent-measured-move-retracements-in-spy-oct-21/ Helping traders overcome fears and emotions in trading Thu, 09 Feb 2012 14:53:15 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Triple Measured Moves in SPY Show Market Character | Penny Stock Trading System Blog http://blog.afraidtotrade.com/recent-measured-move-retracements-in-spy-oct-21/comment-page-1/#comment-211311 Triple Measured Moves in SPY Show Market Character | Penny Stock Trading System Blog Thu, 19 Nov 2009 07:40:58 +0000 http://blog.afraidtotrade.com/?p=4810#comment-211311 [...] I took a look at similar logic in my October 21 post “Recent Measured Move Retracements in the SPY.” [...] [...] I took a look at similar logic in my October 21 post “Recent Measured Move Retracements in the SPY.” [...]

]]> By: Triple Measured Moves in SPY Show Market Character | Afraid to Trade.com Blog http://blog.afraidtotrade.com/recent-measured-move-retracements-in-spy-oct-21/comment-page-1/#comment-211288 Triple Measured Moves in SPY Show Market Character | Afraid to Trade.com Blog Tue, 17 Nov 2009 17:50:14 +0000 http://blog.afraidtotrade.com/?p=4810#comment-211288 [...] I took a look at similar logic in my October 21 post “Recent Measured Move Retracements in the SPY.” [...] [...] I took a look at similar logic in my October 21 post “Recent Measured Move Retracements in the SPY.” [...]

]]> By: Bob http://blog.afraidtotrade.com/recent-measured-move-retracements-in-spy-oct-21/comment-page-1/#comment-213348 Bob Thu, 22 Oct 2009 03:47:20 +0000 http://blog.afraidtotrade.com/?p=4810#comment-213348 In looking at the chart, it appears price moved up in three distinct waves. The first wave concluded at a high of $106, the second $108, and the third wave appears to have formed an expanding triangle with a lower bound being at about $109.09. The retracement lows when connected do appear to take on a rounded reversal shape. Combined, these two patterns, rounded reversal and expanding triangle have bearish untones.<br><br>Late afternoon; a break down in price, a violation of that lower bound of the triangle and a violation of the arc did in fact occur. In looking at the chart, it appears price moved up in three distinct waves. The first wave concluded at a high of $106, the second $108, and the third wave appears to have formed an expanding triangle with a lower bound being at about $109.09. The retracement lows when connected do appear to take on a rounded reversal shape. Combined, these two patterns, rounded reversal and expanding triangle have bearish untones.

Late afternoon; a break down in price, a violation of that lower bound of the triangle and a violation of the arc did in fact occur.

]]> By: Dan de Man http://blog.afraidtotrade.com/recent-measured-move-retracements-in-spy-oct-21/comment-page-1/#comment-213349 Dan de Man Thu, 22 Oct 2009 02:58:27 +0000 http://blog.afraidtotrade.com/?p=4810#comment-213349 Volume spiked through the 10 day ema too! Volume spiked through the 10 day ema too!

]]> By: Ken http://blog.afraidtotrade.com/recent-measured-move-retracements-in-spy-oct-21/comment-page-1/#comment-213352 Ken Thu, 22 Oct 2009 02:46:45 +0000 http://blog.afraidtotrade.com/?p=4810#comment-213352 Good point...while I am very new to market analysis (been watching closely about 1 year now) I have only recently started trading a few weeks ago - and I definitely have been having a tough time in the past few weeks. It seemed to me like there was an underlying change going on, and perhaps I was "fighting the tape" but I am waiting for a pretty big correction to this run-up. I definitely need to sharpen my game, however!<br><br>A great EW site I visit in my daily blogroll (of course in addition to your's Corey) is Daneric's Elliot Waves at <a href="http://danericselliottwaves.blogspot.com/" rel="nofollow">http://danericselliottwaves.blogspot.com/</a> - always great for EW perspective. <br><br>As always, I appreciate the posts - keep up the great work Good point…while I am very new to market analysis (been watching closely about 1 year now) I have only recently started trading a few weeks ago – and I definitely have been having a tough time in the past few weeks. It seemed to me like there was an underlying change going on, and perhaps I was “fighting the tape” but I am waiting for a pretty big correction to this run-up. I definitely need to sharpen my game, however!

A great EW site I visit in my daily blogroll (of course in addition to your's Corey) is Daneric's Elliot Waves at http://danericselliottwaves.blogspot.com/ – always great for EW perspective.

As always, I appreciate the posts – keep up the great work

]]> By: Corey Rosenbloom, CMT http://blog.afraidtotrade.com/recent-measured-move-retracements-in-spy-oct-21/comment-page-1/#comment-213351 Corey Rosenbloom, CMT Thu, 22 Oct 2009 02:28:06 +0000 http://blog.afraidtotrade.com/?p=4810#comment-213351 The timing of this post and its implications are somewhat ironic.<br><br>Just when I mention the market is making stable 'measured moves' down and to watch for any break of this character, the market plunges and falls $2.18 or 2% from the high, qualifying as an official "change of character" I warned to pay attention.<br><br>The character has changed, and it looks like Terry (terlyn) was correct in her remembering that after an arc, we get crashes. <br><br>Not primary 3, but at worst, start of primary wave 5 - but that's certainly open to interpretation and needs confirmation. The timing of this post and its implications are somewhat ironic.

Just when I mention the market is making stable 'measured moves' down and to watch for any break of this character, the market plunges and falls $2.18 or 2% from the high, qualifying as an official “change of character” I warned to pay attention.

The character has changed, and it looks like Terry (terlyn) was correct in her remembering that after an arc, we get crashes.

Not primary 3, but at worst, start of primary wave 5 – but that's certainly open to interpretation and needs confirmation.

]]> By: Ken http://blog.afraidtotrade.com/recent-measured-move-retracements-in-spy-oct-21/comment-page-1/#comment-213350 Ken Thu, 22 Oct 2009 02:18:14 +0000 http://blog.afraidtotrade.com/?p=4810#comment-213350 Start of P3 on the SPY today? Start of P3 on the SPY today?

]]> By: terlyn http://blog.afraidtotrade.com/recent-measured-move-retracements-in-spy-oct-21/comment-page-1/#comment-213353 terlyn Thu, 22 Oct 2009 00:58:23 +0000 http://blog.afraidtotrade.com/?p=4810#comment-213353 As you were saying... :) As you were saying… :)

]]> By: Dan de Man http://blog.afraidtotrade.com/recent-measured-move-retracements-in-spy-oct-21/comment-page-1/#comment-213354 Dan de Man Wed, 21 Oct 2009 23:24:53 +0000 http://blog.afraidtotrade.com/?p=4810#comment-213354 We've basically had sideways trading for the last week. Today looks like a good risk / reward for a short term swing short trade. 3/10/16 macd is a hairline from a bearish touch. Short on days end and put your stop on todays high. Good to go.<br><br>What do you think Corey?<br><br>Thanks in advance,<br>Dan We've basically had sideways trading for the last week. Today looks like a good risk / reward for a short term swing short trade. 3/10/16 macd is a hairline from a bearish touch. Short on days end and put your stop on todays high. Good to go.

What do you think Corey?

Thanks in advance,
Dan

]]> By: Bob http://blog.afraidtotrade.com/recent-measured-move-retracements-in-spy-oct-21/comment-page-1/#comment-210829 Bob Wed, 21 Oct 2009 22:47:20 +0000 http://blog.afraidtotrade.com/?p=4810#comment-210829 In looking at the chart, it appears price moved up in three distinct waves. The first wave concluded at a high of $106, the second $108, and the third wave appears to have formed an expanding triangle with a lower bound being at about $109.09. The retracement lows when connected do appear to take on a rounded reversal shape. Combined, these two patterns, rounded reversal and expanding triangle have bearish untones.<br><br>Late afternoon; a break down in price, a violation of that lower bound of the triangle and a violation of the arc did in fact occur. In looking at the chart, it appears price moved up in three distinct waves. The first wave concluded at a high of $106, the second $108, and the third wave appears to have formed an expanding triangle with a lower bound being at about $109.09. The retracement lows when connected do appear to take on a rounded reversal shape. Combined, these two patterns, rounded reversal and expanding triangle have bearish untones.

Late afternoon; a break down in price, a violation of that lower bound of the triangle and a violation of the arc did in fact occur.

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