tag:blogger.com,1999:blog-8989467249998730985.post3394416587611416989..comments2023-11-02T08:22:21.229-04:00Comments on Gump Trader: SPY head fake????Tonyhttp://www.blogger.com/profile/03056377038486402824noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8989467249998730985.post-17941636473491680612009-05-02T01:52:00.000-04:002009-05-02T01:52:00.000-04:00Yup, there's a trend line drawn from 12:00 to 13:3...Yup, there's a trend line drawn from 12:00 to 13:30 which was the ersatz ascending triangle. The head fake occurred above resistance as evidenced by the evening star doji and confirmed with the next down-bar. <br /><br />Don't know how much to read into it, but the SPY went all the way down to the vwap (known as the "Kneale yee-haw vwap") then retraced and ended on the pivot.Tonyhttps://www.blogger.com/profile/03056377038486402824noreply@blogger.comtag:blogger.com,1999:blog-8989467249998730985.post-49706999410053450542009-05-02T01:05:00.000-04:002009-05-02T01:05:00.000-04:00in that chart 11:30-1:00 that was an ascending.
b...in that chart 11:30-1:00 that was an ascending.<br /><br />but the rest of your "Ascending" call was garbage.Erichttps://www.blogger.com/profile/05121929976564642069noreply@blogger.com