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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Sunday, August 15, 2010

Q/A - jxxd's BP vs. $SPX fractal

it's a continuation pattern. with the consolidation base broke down with a breakaway gap and increasing volume, the trend certainly has changed.
the gap is a resistance now. with 2 day's attemps, the gap couldn't be close, signals extreme weakness ahead, probably followed by a runaway gap.
see at least 2 past fractals, both have the similar setup and candles formation, and unable to close the gap for a few attemps, both have extreme weakness ahead.
It's a reliable fractal pattern.