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[and then] 15/11/2011 18:19

The only influence i have here is that the Euro has triggered a short set-up, whilst we let this one play out. I find it difficult to believe the euro will head down while the Audi could rise, add the bias from the 4hr and 2hr set-ups with a target south of here, i am still biased short.
That said, if it triggers the 123; so be it!

[joe moon] 15/11/2011 18:18

thanks and then

[and then] 15/11/2011 15:07

So much information here;

First the 123 reversal triggering the rise, then an exhaustion gap followed by the 123 reversal i mentioned to get us back into trend. This built another 2hr set-up which was triggered earlier. After a nice 5min short set-up reached target it needed to retest the underneath of the breakout trendline. This was achieved moments ago and now we are clear to drop again...

[and then] 15/11/2011 10:42

This is a something i've not come across before... We are still within the same 4hr set-up and target. I previously posted that we were due some consolidation, but i didn't expect such a vicious retrace, however, we have formed a fresh 2hr set-up and would you believe; they both have identical targets!

[and then] 14/11/2011 17:36

On our way to target, looking like sometime tomorrow/Wednesday, unless the pullback that is due lasts longer than half a day...
Set-up within the 4hr target now trend has resumed, on the 5 min earlier;

[jon827] 13/11/2011 11:58

good call jm

[jon827] 13/11/2011 11:38

Jackson 5 - ABC easy as 123


;)

[joe moon] 11/11/2011 17:23

thanks for the 123 andthen ill have a look at the other ' hindsight' set ups on here over the weekend

123 is in my favs

[and then] 11/11/2011 16:38

sma joe, yes! I didn't have any decent set-ups to get long today other than the 123, so congrats... The algo's of the last two days have been a bit alien to my system... hey ho, markets will be there again next week!

[joe moon] 11/11/2011 16:25

is that a 200 ema on the one hour chart?

[joe moon] 11/11/2011 16:24

it not one to short on a friday andthen it takes no prisoners

[and then] 11/11/2011 16:15

Nice one mate! Remember what i said about the possibility of the breakout becoming a pennant?

Here's what i meant;



stop can be quite tight...

[joe moon] 11/11/2011 15:50

good for 50 points i like it andthen

[joe moon] 11/11/2011 14:35

it went 2 points above point 2

[spaceparallax] 11/11/2011 13:36

Great tag work guys.

[david123456] 11/11/2011 13:24

Buywell2
It is a grim outlook that you offer. I think there is a good deal of truth in it.
Given the dismal track record for super investor Spaceparallex, it sounds like he should be topping up with another one of his mythical buys.
Good entertainment for the rest of us to see him meet his Waterloo so publicly.

[buywell2] 11/11/2011 12:28

Will the contract extension mean anything ?

The company will probably get wound up before then ie in the next few months

I would think that staff are leaving ATD now

The best will get jobs elsewhere first

Thus the value of the remainder falls , and the company will cease to function effectivly as the dross remains

Debts will get bigger

Currently I think they must be in excess of $10m

dyor

[and then] 11/11/2011 11:28

I know... that could confuse a stupid person!

[joe moon] 11/11/2011 11:19

yeh that would work but u would double bluff yourself

[and then] 11/11/2011 09:59

Yes, most people would do ok if they could manage that joe! Be your own contrarian indicator; just as your about to open a ticket, change the buy to a sell and vica versa! Nice one!

[joe moon] 11/11/2011 09:05

yes i did long aud but took profits ...i always find as soon as i think this is going to rocket its the top...its my inbuilt profit taking device....do a happyness indicator and learn to spot it

[and then] 11/11/2011 08:49

Wow, where did this strength come from?! Chart now looks a complete mess from a short point of view. Unfortunately i now have conflicting signals as the break short overnight didn't have a valid trigger, this can act as a reversal signal, however, this could be the fast pullback required to get some more people long, ie fuel for the short journey as they hit stops... i might take the day off instead, unless it reverses hard soon!

[joe moon] 10/11/2011 19:29

yes i agree ...its struggling even when dow rallies

[and then] 10/11/2011 18:49

I actually have a target of 9970 for the Audi, so i'm not expecting the 123 to trigger. If it does, i will be wary of it turning into a pennant. If it beats the top TL, i will still be on the look-out for a reverse 123 to take us back into trend! If its a long all the way, i will need the last high to be breached before i turn bullish and have to miss a large part of the ride!
I feel the support turned resistance line also adds some weight!