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;

Tuesday, September 15, 2009

Daily Review 2009-09-15

1. SPX Daily:

HH.HL continuation pattern, volume increased, Resistance at U, S1' & E; support at C.


2. DJI daily:

HH.HL green bar, follow thru, Expanding triangle A&B still valid, not done yet... Resistance at S1, support at S2 unchanged.




3. COMPQ Daily:

HH.HL volume up follow thru, Day 2 closed above B, resistance at C, support at S.




4. $SSEC Daily:

HH.HL, doji, gap filled, but closed below B, E is turning into a resistance, rising wedge A&B still could continue, C is support.



5. $WTIC Daily:

A HH.HL bounce day, Resistance at T1, N, support at P. Complicate pattern here: Expanding triangle N&M, Symmetric triangle: P&N; N&K is a bigger triangle. H&S pattern at T1 and $75.00 still valid.

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