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;

Monday, October 5, 2009

Daily Review 2009-10-05

2009-10-05 After mkt closed

1. SPX Daily:

Borrowed this chart from:

http://www.hutong9.com/viewthread.php?tid=62653&extra=page%3D1&page=14

Simliar but slightly trading set up this time, long SPY if closes above line 1 and and back test to line 1 completes; short SPY if closes below line 2, and back test to line 2 fails.

This set up is for short term trading only!





2. SPX, Another way of wave count:
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