We are forming another bull flag on the 5 and 15 minute charts now. So, does it play out today, or Tuesday? Oh… and the high of the day on the DIA is now 117.77 (as DeeDee caught).
Hmmm… is that close enough? It’s a nice ritual number to end with. Remember the Unstoppable 777 Train? Could this be it?
Yes Jim, let’s hope they push this puppy up just a little more into the close. I really don’t want to set out over the weekend, not knowing if we are “close enough” today, and not be short going into Tuesday. I think we’ll get it though…
palms sweaty here……. last little squiggles up will put us where we told was the top of the market…..red, i think your gut instinct is correct, they will be pushing this thing right to end of day and we will close near HOD… time to make some trades…..
Looks like you’ve done well Blaine. Congrats! While I don’t dismiss your ability to trade, I only say that “trading” hasn’t been the same the last few years. Every since the print press has been running 24/7 this market has been extremely manipulated.
Many people lost their shirts during this fake rally. You seem to have adapted. That’s great… but I wouldn’t dis-regard these FP’s as “not important”, as that would not be wise.
While I can’t guarantee that this is the “final top”, I do believe a strong move down will happen after this print is hit. We’ll see next week I guess? Good luck to you… if you decide to stay long?
March is much safer, as you could go to the 121 level and still have time if things didn’t go as planned. Of course you would bail out way before that… should everything go as planned.
Maybe March options?
If you add those numbers together 117.77 – maybe it equals 1 + (1+7) or 8 & 7+7 = 14 so 18.14 pretty close to 18.16… dang I am searching! LOL
RED…hope you don’t mind, but i do put my money where my mouth is. Here is my actual trading results….posted REAL TIME all the time. http://kbsctrading.blogspot.com/
RED, I system trade….no emotions. My system only trades when directional volatility warrants.
We are forming another bull flag on the 5 and 15 minute charts now. So, does it play out today, or Tuesday? Oh… and the high of the day on the DIA is now 117.77 (as DeeDee caught).
Hmmm… is that close enough? It’s a nice ritual number to end with. Remember the Unstoppable 777 Train? Could this be it?
Yes Jim, let’s hope they push this puppy up just a little more into the close. I really don’t want to set out over the weekend, not knowing if we are “close enough” today, and not be short going into Tuesday. I think we’ll get it though…
palms sweaty here……. last little squiggles up will put us where we told was the top of the market…..red, i think your gut instinct is correct, they will be pushing this thing right to end of day and we will close near HOD… time to make some trades…..
Looks like you’ve done well Blaine. Congrats! While I don’t dismiss your ability to trade, I only say that “trading” hasn’t been the same the last few years. Every since the print press has been running 24/7 this market has been extremely manipulated.
Many people lost their shirts during this fake rally. You seem to have adapted. That’s great… but I wouldn’t dis-regard these FP’s as “not important”, as that would not be wise.
While I can’t guarantee that this is the “final top”, I do believe a strong move down will happen after this print is hit. We’ll see next week I guess? Good luck to you… if you decide to stay long?
March is much safer, as you could go to the 121 level and still have time if things didn’t go as planned. Of course you would bail out way before that… should everything go as planned.
Maybe March options?
If you add those numbers together 117.77 – maybe it equals 1 + (1+7) or 8 & 7+7 = 14 so 18.14 pretty close to 18.16… dang I am searching! LOL
RED…hope you don’t mind, but i do put my money where my mouth is. Here is my actual trading results….posted REAL TIME all the time.
http://kbsctrading.blogspot.com/
Red ,
looks like you are getting real close to that FP 11818??
Its going to get there .
Yes Richie, not much time left now. It’s the 3 o’clock rush hour. Push, baby, push….