tag:blogger.com,1999:blog-6135767210188526078.post745921064091192494..comments2023-07-28T11:28:55.153-04:00Comments on pebblewriter: Charts I'm Watching: December 8, 2011pebblewriterhttp://www.blogger.com/profile/11324367600914701000noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6135767210188526078.post-9788292650790776732011-12-08T20:33:18.446-05:002011-12-08T20:33:18.446-05:00Thanks for all the helpful posts!
I think that SP...Thanks for all the helpful posts!<br /><br />I think that SPY spike you mentioned must be a bad print. I don't see anything similar in the futures. (There was a spike to ESH 1240 around 3:30 pm, but that corresponds to SPY 124.5-125, nowhere near the nearly 127 level that appears in your chart.Spudthorpehttps://www.blogger.com/profile/14053052022741919186noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-22155241497930568402011-12-08T18:40:45.444-05:002011-12-08T18:40:45.444-05:00Glad you like it. I have a traditional Wall Stree...Glad you like it. I have a traditional Wall Street background/education in economics and securities analysis. But, I threw most of that out and started all over six months ago, trying to figure out what really worked consistently.<br /><br />Most of the tech stuff I use every day comes from observation (discovery) that I later find out is well-known and used by many others: harmonics, fan lines, everything Fibonacci, regression channels, etc. In other words, I've observed it working -- then went and studied what others have written. <br /><br />It's helped me immeasurably to have practical experience with an idea before diving into the theory; fewer preconceived notions. Focus on what you see that couldn't be random (analogs, parallel trend lines that form channels, etc.) <br /><br />Having said that, you could start with John Murphy's book on TA and Tom Bulkowski's book on chart patterns. The websites I mention to the right are usually very good, and Ron Walker does a nice nightly wrap up of tech stuff @ thechartpatterntrader.com.<br /><br />Good luck.pebblewriterhttps://www.blogger.com/profile/11324367600914701000noreply@blogger.comtag:blogger.com,1999:blog-6135767210188526078.post-3751203887065009332011-12-08T17:53:12.858-05:002011-12-08T17:53:12.858-05:00Thanks again for all your hard work. I have a rudi...Thanks again for all your hard work. I have a rudimentary understanding of Elliott Wave theories and application. I would like to get a more in depth understanding on the technical tools you use like the harmonic patterns and fan lines. Any recommendations learning tools. I am still very much the novice but the your method of analysis intrigues me.KFrankhttps://www.blogger.com/profile/11334972725773957113noreply@blogger.com