Thursday, March 11, 2010

SRS 30 M


4 comments:

Anonymous said...

This is not a bullish configuration. SRS looks like death on all timeframes. SRS is in a downtrend, the wedge is in a downtrend. This is considered a bearish configuration, however, yes anything can happen.

Copy and paste link in browser.

http://www.leavittbrothers.com/education/chart_patterns/wedge_bearish.cfm

Marc R said...

Are there any absolutes? I am not going to add to my charts my proprietary indicators, just the basic ones....I realize what trend each is in....and I also added on very short leash, not looking for much....I could be dead wrong, OK have stops set

I don't want to run with the herd, this is good for me....I'm not on any side.....nothing and n pattern is 100% ever

Come back and post after I put up my results....I am out in open so I would be on record right or wrong....doesnt matter

Anonymous said...

There was a time, some guy who didn't have to, helped me out. I am glad he did, and I am glad I listened. Have a good day and best of luck on trade.

Anonymous said...

Expanding on earlier bullish and bearish configurations, look at intra day five minute IYR and SRS. 2 more good examples. IYR breaking up and out of a bullish triangle, and SRS out a bearish configuration. Not to say where the day ends, but real time patterns at work. IYR currently doing a double top 48.40 area. If the market gets going today in it's very overbought condition, which I doubt, but is possible, IYR will follow, and maybe out of the larger triangle in time.