Stock market 4/26/13

Stock market 4/26/13

Author: ispan On: 18.07.2017

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I'm not sure which swings you're referring to for inverse head and shoulders. If it can't break the resistance, then it is no longer a head and shoulders formation, in EW terms it is a countertrend flat formation.

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It's all based on fibonnaci relationships, and other fibonnaci analysts like Carolyn Boroden, who doesn't do EW, analyze time and price with fibs. It definitely works for Carolyn, and there are tools on the trading platforms for this, so people use these tools, as well as cycle analysis. In the little experience I have, I find it less precise than price analysis, although it works well as confirmation for Carolyn.

I mean, if you're an analyst, you use your tools to try to figure things out. People who don't "believe" in TA don't buy any of it, so it really depends on how well the tools work for you. I'm an observer of Prechter's more ephemeral techniques. In any case, you can't mix the timeframes in what I've been posting. As you know, I'm a short-term trader.

It seems to me that since TNA was not able to get past resistance at Am I missing something? So selling with a highly leveraged position was a good trade. Whether it's THE trade, we'll know next week, according to him.

Weekly Stock Market Commentary 4/26/13 (SPX) | Option Strategist

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stock market 4/26/13

Comment You need to be a member of Stocks To Buy Forum to add comments! Comment by Terry H on April 26, at 3: Well, he put on a short position yesterday, and so far he's profitable. Trendline extensions also work with the VIX and other indicators.

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