Chart Abbreviations:

3BC: 3 Black Crows; 3WS: 3 White Soldiers; BeC: Bear Channel; BeE: Bearish Engulfing; BTC: Buy To Close; BTO: Buy To Open; BuC: Bull Channel; BuE: Bullish Engulfing; DCC: Dark Cloud Cover; EnP: Entry Point; ExP: Exit Point; FW: Falling Wedge; HL: Higher Low; HH: Higher High; HM: Hanging Man; IR: Island Reversal; LBB: Lower Bollinger Band; LL: Lower Low; LH: Lower High; LPP: Lock Profit Point; MBB: Middle Bollinger Band; NABOP: Not A Bottom Out Pattern; NATOP: Not A Top Out Pattern; R: Resistance Line; RW: Rising Wedge; S: Support Line; SLO: Stop limit Order; SMO: Stop Market Order; STC: Sell To Close; STO: Sell To Open; T: Target; TSO: Trailing Stop Order; UBB: upper Bollinger Band;

Thursday, September 24, 2009

2009-09-24 Trading hours...

DJI Daily：

 S2 penetrated. Next support at S.

So,What is a good chart? A good chart is: you have the line on chart long before the mkt proves it! Hehe... Expanding triangle A&B. So, it touched line B many times already, the next job is to touch line A many times... When? Why should I care... I can wait...

8:02 am



SPX Daily:

It already printed a LL, so, this is a bearish confirmation and follow thru, thus the reversal from y'day got confirmed! DJI, COMPQ are similar.

7:07 am


DJI Daily:


Today, it needs a LL candle as a follow through, watch for a penetration at line S.

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