ER2 charts

[RuGO]

Along the same line:



In case the image does not display: http://tinyurl.com/27auta

[zeller4]

right after the l;ast post, an inverted HnS formed and broke to the upside. now the price action is near the target area and price resistance.

humble1
whatever you did differently to post this screenshot, it works better since it fits within the normal screeen view. most of your other shots require alot of scrolling and are hard to read IMHO
hope you can make an adjustment since your information looks pretty informative.
thanks,
kz

[humble1]

right after the l;ast post, an inverted HnS formed and broke to the upside. now the price action is near the target area and price resistance.

humble1
whatever you did differently to post this screenshot, it works better since it fits within the normal screeen view. most of your other shots require alot of scrolling and are hard to read IMHO
hope you can make an adjustment since your information looks pretty informative.
thanks,
kz

I thought I had the size worked out, at least on my screen there is no scrolling at all. The smaller charts will not always show the detail that needs to be shown. You can also right click the image and copy it's location and open it alone in a new window.

[humble1]

[quote="RuGO"]Along the same line:

Here is the weekly SP 500 with the same indicators as your daily chart.

[RuGO]

Humble1, your perspective offers a glimpse of hope for those who did the unthinkable and longed the Yen at today's value...

[humble1]

Humble1, your perspective offers a glimpse of hope for those who did the unthinkable and longed the Yen at today's value...

Ok....... for today, point out where you would buy, or add to your long position, in ER2.

[RuGO]

Humble1, the comment was intended as a compliment to your contrarian view (and to a small measure to my reckless call of a Yen reversal ... I am neither a buyer or seller of ER2 today. I simply follow the Russell and the S&P for the currency correlation. However, this being said, I would take a short position on approach of 795, with a very tight stop just above the resistance line. Target 784/5 near term...

Best wishes!

[humble1]

Humble1, the comment was intended as a compliment to your contrarian view (and to a small measure to my reckless call of a Yen reversal ... I am neither a buyer or seller of ER2 today. I simply follow the Russell and the S&P for the currency correlation. However, this being said, I would take a short position on approach of 795, with a very tight stop just above the resistance line. Target 784/5 near term...

Best wishes!

Great.... I am shorting this area on rallies unless that dashed parallel gets broken on increasing volume. I would enter long on a retracement play of about 40 to 50% should this happen.

[RuGO]

High probability pattern... seem to recall Linda Raschke saying that a count of 8-10 bars increases the likelihood of success (by my count, 12 thus far) where a count of 16 or more it tends to invalidate the patern or just simply fizzle out. Looks like a fun day so far... Happy trades!!!

[humble1]

that upper parallel is key....no top ever confirmed at the white arrow, this is what happens during up trends, volume is very light, needs to pick up for the bulls.