sharpie, that link didn''t work either. I'll meet you at the close today since I don't know what time zone you're in. Will you be available? Do you still hear from cowboy?
Thanks, sharpie. I'm still not able to find your group. Can you provide a link, or if I give you my e-mail, can you provide a link?
By the way, I just looked at the Aroons, an indicator I sometimes look at. They are at extreme opposites, and they are indicating a possible bullish day tomorrow; however, there is candlestick resistance is 20.49 and 21.03.
Hi sharpie. The 10 d hr chart has a Falling Channel between about 18.50 and 19.55. This is a bearish chart pattern, and these figures are your support and resistance for this pattern at this time. These numbers will change as the pattern develops. There is also a Death Cross setting up on the 3 mo d chart. The 50 DMA is very close to crossing below the 200 DMA. There is a 44 cent difference between the two. SLW still remains oversold.
Sorry, sharpie. I still cannot find your group, but thanks for the invite anyway. You can continue to find me here occasionally.
Looking at the 5 yr d chart, SLW has a Falling Channel located between about 13 and 33. This is your support and resistance for this pattern, but these figures will change as the pattern continues to develop. The Falling Channel is a bearish chart pattern; but inside this larger pattern, it appears to be consolidating. On the weekly, there is support at 17.75. The open gap is @ 17.78.
Good to hear from you sharpie. I couldn't find your group so perhaps you can draw me a map....LOL.
I stated on 2/13/14 that SLW had open gaps at 23.38, 22.62, 20.37, and 17.78. All have been filled except 17.78, but I do not think it will get there just yet. Looks like there is a Falling Wedge on the 3 mo d chart. This is a bullish chart pattern, and it will play out 85 to 90% of the time. However, there is still enough wiggle room that there is a possibility SLW could reach 19.66 which is also a candlestick support area so we are close enough. There is also candle support at 19.23. I have an indicator that is suggesting a possible momentum shift may take place to the upside..........maybe Monday or Tuesday, and if SLW can break thru a trendline at 22, then SLW moves up.
Hello, cowboy and sharpie. Good to hear from you. Don't know if you follow the The Dow, but it made a rare candlestick formation on the weekly........a bearish Stick Sandwich. I noticed it on Sunday. It could be the reason the market was down yesterday. It takes one indice to lead, and the others will follow. Of course, stocks will follow the indices.
You are welcome. I forgot to mention that there is candlestick support at 24.59, but I believe it will break; if not the first time, then the second time.
A Symmetrical Triangle is made up of smaller chart patterns. They are often H&Ss and IH&Ss. Strong possibility the IH&S you mentioned will be contained by the Symmetrical Triangle.........for now anyway.