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;

Wednesday, September 30, 2009

2009-09-30 Intraday DJI, SPX

Well, if today DJI and SPX close like this, then, the pattern is even worse than close near day low today, this is virtually wiped out a chance for a green bounce day tomorrow, and the intraday bouncing action actually sucked more cash out of the traders' pocket while they are doing so called " buy on dips"!

Hoho...

1. SPX: penetration here, LL.LH is the fact... hanging man..., South Pointer



2. DJI: LL LH hanging man, day low is new weekly low... no support until S.

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