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geosing

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Reply with quote  #1 

Hi Hiker,

 

As expected, the specialist gapped it up. Even opened where I had anticipated. (over the previous gap - the sneaky specialist). As stated, I took the windfall offered in just two days (which is looong term for me). Left about a buck and a half on the table, but no complaint here.

 

 

 

 

This looks like an Automatic Rally off of the possible bottom. My expectation is a retest of the high volume Friday candle - a confluence of factors here - gap close, .50, .618 retrace, retest of Lower MLH and a low volume retracement of the Automatic Rally and so forth, if this is to be a Wyckoffian bottom of sorts. Also NYX has retraced .382 of the entire down move and a pullback is in order before move to .618 level (79.40 or so). Wild guess, of course.

 

Congrats on your substantial position - well deserved reward, I am sure.

 

Geo

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hiker

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Reply with quote  #2 
Geo - I am so glad for your work...it always looks like a work of art!   Peace and thank you - Steve

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hiker

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Reply with quote  #3 
3/1

today's lows tested a horizontal area easily seen in the 1st chart geosing posted above -

http://stockcharts.com/charts/gallery.html?nyx


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hiker

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Reply with quote  #4 
5/15 close

note the PnF chart -

http://stockcharts.com/charts/gallery.html?nyx

today's low marked -



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hiker

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Reply with quote  #5 
5/16 intraday

daily



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