Looking at the conventional daily...wedgy thingy going on. I'll be watching 735 (or 730) area for possible long if it gets to that area...be watching a tick chart at that point.
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These are a tick and 15m at the 735 area I mentioned in the previous post...choppy action on the way up (expected today) to 746 which is globex open on my chart
I guess by the lack of participation I'm seeing here this thread is morphing into Kbits TF journal which is fine.
I was hoping to get some other views on what's going on but will be happy to keep rambling on myself.
On the topic of Ichimoku: As some of you know stops can be large and because of that reason it probably scares a lot of people away. I myself just look for the the high probablilty stuff to line up (based on my experience) and enter with comparitively small stops. Ichimoku is basically a pet project for me, my primary stuff is PASR simplton stuff. I try to identify areas where a reversal is going to happen and go from there. I might post some trades occasionally but will continue to post other stuff I think may be of interest. Speaking of that stuff, as it seemingly is always is the case, most of the articles and so forth that come from the professional talking heads is either wrong or serves to confuse guys like me....so take all the crap you read with a grain of salt as I do.
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This was written by Paul Harvey...I know it's way off topic but fits in the "anything goes" part of this thread...I'll try to keep deviations to a minimum but thought this was worth posting.
THAT'S LIFE.
Can you answer this riddle?
Here is a pretty neat little thing from Paul Harvey. See if you can guess the riddle at the end.
Paul Harvey Writes:
We tried so hard to make things better for our kids that we made them worse. For my grandchildren, I'd like better.
I'd really like for them to know about hand me down clothes and homemade ice cream and leftover meat loaf sandwiches.. I really would.
I hope you learn humility by being humiliated, and that you learn honesty by being cheated.
I hope you learn to make your own bed and mow the lawn and wash the car.
And I really hope nobody gives you a brand new car when you are sixteen.
It will be good if at least one time you can see puppies born and your old dog put to sleep.
I hope you get a black eye fighting for something you believe in.
I hope you have to share a bedroom with your younger brother/sister. And it's all right if you have to draw a line down the middle of the room, but when he wants to crawl under the covers with you because he's scared, I hope you let him.
When you want to see a movie and your little brother/sister wants to tag along, I hope you'll let him/her.
I hope you have to walk uphill to school with your friends and that you live in a town where you can do it safely.
On rainy days when you have to catch a ride, I hope you don't ask your driver to drop you two blocks away so you won't be seen riding with someone as uncool as your Mom.
If you want a slingshot, I hope your Dad teaches you how to make one instead of buying one.
I hope you learn to dig in the dirt and read books.
When you learn to use computers, I hope you also learn to add and subtract in your head.
I hope you get teased by your friends when you have your first crush on a boy / girl, and when you talk back to your mother that you learn what ivory soap tastes like.
May you skin your knee climbing a mountain, burn your hand on a stove and stick your tongue on a frozen flagpole.
I don't care if you try a beer once, but I hope you don't like it... And if a friend offers you dope or a joint, I hope you realize he/she is not your friend.
I sure hope you make time to sit on a porch with your Grandma/Grandpa and go fishing with your Uncle.
May you feel sorrow at a funeral and joy during the holidays.
I hope your mother punishes you when you throw a baseball through your neighbor's window and that she hugs you and kisses you at Christmas time when you give her a plaster mold of your hand.
These things I wish for you - tough times and disappointment, hard work and happiness. To me, it's the only way to appreciate life.
Written with a pen. Sealed with a kiss. I'm here for you. And if I die before you do, I'll go to heaven and wait for you.
(Send this to all of your friends. We secure our friends, not by accepting favors, but by doing them. )
Paul Harvey RIDDLE:
When asked this riddle, 80% of kindergarten kids got the answer, compared to 17% of Stanford University seniors.
What is greater than God, More evil than the devil, The poor have it, The rich need it, And if you eat it, you'll die?
Send this to 10 people and then press shift and you will get the answer.
P.S. You won't believe this, but this will give you the answer to the riddle. Send this to others and then press shift, after you send. Once you press your shift key, you will understand the riddle
P.S. I guess I'm with the kindergarten kids...I figured out the answer without forwarding it at all...can you?
The above is a Ichimoku wiki thing for those who might be interested, I think I posted it before somewhere but as it is relevent here...here it is again.
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Above is a daily chart with some areas that should have some significance on monday. If it goes down 716ish should come into play, if it goes up 759 and/or 764ish should come into play.....in either event 738 should be involved in there somewhere.....we'll see
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By Abigail F. Doolittle
In this particular case, one means the same more so than over-the-top bearish and that one bearish message is of a potential 10%+ decline showing and confirming in the intraday, daily and weekly charts of the equity indexes.
Starting out with the intraday charts, the possible Head and Shoulders patterns discussed yesterday continue to progress nicely as is shown below.
The S&P’s pattern confirms around 1215 and carries a target of about 1143. The Dow’s pattern confirms around 11600 and carries a traget of about 11000.
Turning to the daily charts, these topping patterns become a bit more ambiguous in the charts of the Nasdaq Composite and the Russell 2000 but are pretty clear nonetheless.
The Nasdaq Composite’s topping pattern confirms around 2600 and carries a target of about 2450. The Russell 2000’s pattern confirms around 715 and carries a target of about 655.
Turning back to the S&P and the Dow, each is showing a major Pipe Top in its weekly chart with ugly and bearish candles showing across the board for this week.
The S&P’s pattern confirms at surprise, surprise 1215 and carries a target of 1137. The Dow’s pattern confirms at 11630 and carries a target of 10976.
To be fair, however, the weekly charts of the Nasdaq Composite and Russell 2000 are showing, similar to the daily charts, more ambiguous possible topping patterns.
The Nasdaq’s pattern confirms at 2600 and carries a target of, yes, 2450, and the Russell 2000’s pattern confirms at 708 and carries a target of about 645.
All in all, then, that the intraday, daily and weekly charts of the equity indexes are showing topping patterns and the hallmark of a failed Runaway Day and the topic of last Friday’s daily note.
In turn, it seems more likely than not that last Thursday’s surge was, in fact, a failed Runaway Day and one that appears likely to lead to a 10%+ decline in the equity indexes and that is one bearish message
Well it didn't play out as expected...maybe 738 will be the launching pad for a rise tomorrow. I still have the same outlook really...I'm thinking upside tomorrow
That's a daily Ichimoku...still plugging along above the cloud, Really need to see the KS work it's way out. It's just going to take a few days but is still bullish in the mean time. Similar conditions exist on the 1hr and 15m as of this post
