When you run into such materials, bring out your charting program and see if you can clone their tools. That is how you learn. It isnt that hard, once you have the basic fundamental knowledge. But you do need to have the basic fundamental knowledge about TA.
you can use any MA with a multiple of 8 and you'll be able to see how the market dances
containment points or trendlines help you identify when the de-leverage area will be hit
you've heard me talking about the two SPX gaps for two weeks now 1085.89,1127.38 as I've said in previous posts those intra-day gaps are left on purpose as de-leverage points, if you watch the SPY you'll see rogue ticks, they serve the same function as a indicator to all regulators in the market where the de-leverage area is
This is done on all regulated issues within the market
I'd say they took out about every stop left on that move up. Now what we are looking for is a close above 110.34 to confirm next week as being up… correct?
you speak and show these various lines, containment points BUT you don't identify what these lines are. They are not labeled on your posts and you don't tell us. Which means we really can't learn from your posts
thank you. Why do you call it a “deleverage area”. You mean an area “to sell”
Woops.. Fed made an after market announcement. AH tanking.
http://www.marketwatch.com/story/fed-hikes-disc…
Carl sold his /ES at 1105.50.
Two trades for the day:
Long /ES at 1099.75, sold it at 1096.75 (loss of 3)
Long /ES at 1098.75, sold it at 1105.50 (gain of 6.75)
When you run into such materials, bring out your charting program and see if you can clone their tools. That is how you learn. It isnt that hard, once you have the basic fundamental knowledge. But you do need to have the basic fundamental knowledge about TA.
Sold half my TZA. The rest of it is for sale after hours.
In and out of TNA before the close.
Thanks Sun… I seen it. I guess we will gap up again tomorrow too, as I don't see it falling any now until it hit's the 1127.38 target next week.
That current pain was useless, as it looks like it will close at 111.00 tomorrow. I glad I didn't purchase it.
you can use any MA with a multiple of 8 and you'll be able to see how the market dances
containment points or trendlines help you identify when the de-leverage area will be hit
you've heard me talking about the two SPX gaps for two weeks now 1085.89,1127.38 as I've said in previous posts those intra-day gaps are left on purpose as de-leverage points, if you watch the SPY you'll see rogue ticks, they serve the same function as a indicator to all regulators in the market where the de-leverage area is
This is done on all regulated issues within the market
Did you see my post on DE yesterday?
here's a chart: http://www.flickr.com/photos/47091634@N04/43647…
I'd say they took out about every stop left on that move up. Now what we are looking for is a close above 110.34 to confirm next week as being up… correct?
you speak and show these various lines, containment points BUT you don't identify what these lines are. They are not labeled on your posts and you don't tell us. Which means we really can't learn from your posts
the $RUT is out of the barn so to speak, that was a pretty reliable setup i posted about in my 12:45 update
http://www.flickr.com/photos/47091634@N04/43683…
I think i called it a “spring board” setup in my other post
we'll see where they close it at, there was a lot stops they just now knocked out
looks like a trend week to me