100% blatantly obvious. A blind monkey could trade this market, but only if they have some conviction. My friend lost everything today, even though I spent the last 7 days telling him numerous times every day, your short positions are fine the markets are going to crash. So what happens? He sells his short positions this morning after the ‘gap down’ and goes long for november. His logic – he thought the market would do the same thing it did the past couple of days, which was go up after a morning down.
The bottom line – don’t go against the trend. In case anyone hasn’t noticed, the trend just changed.
Take a look at the charts for all the indices on a WEEKLY BASIS with CANDLES and, if you would, respond by saying whether the answer to what will happen next is blaring out.
PLEASE DON’T SAY which way you think the market is going, but just say whether or not the charts are screaming at you. (Pretend you’ve been in a cave for 3 months).
Just an informal survey that will be thought-provoking…
Well, I don’t agree or disagree with what she says. I’m only putting it out there for others to consider. I won’t rule out anything, as this rabbit hole gets deeper the more I look.
Red – Greetings! Did anyone comment on the AAPL fake print at 212 yesterday? Heard about it but did not see it.
US Dollar Weekend update
http://niftychartsandpatterns.blogspot.com/2010/11/us-dollar-weekend-update.html
100% blatantly obvious. A blind monkey could trade this market, but only if they have some conviction. My friend lost everything today, even though I spent the last 7 days telling him numerous times every day, your short positions are fine the markets are going to crash. So what happens? He sells his short positions this morning after the ‘gap down’ and goes long for november. His logic – he thought the market would do the same thing it did the past couple of days, which was go up after a morning down.
The bottom line – don’t go against the trend. In case anyone hasn’t noticed, the trend just changed.
All who want to spend a few minutes on this…
Take a look at the charts for all the indices on a WEEKLY BASIS with CANDLES and, if you would, respond by saying whether the answer to what will happen next is blaring out.
PLEASE DON’T SAY which way you think the market is going, but just say whether or not the charts are screaming at you. (Pretend you’ve been in a cave for 3 months).
Just an informal survey that will be thought-provoking…
Well, I don’t agree or disagree with what she says. I’m only putting it out there for others to consider. I won’t rule out anything, as this rabbit hole gets deeper the more I look.
Yeah, been looking at a lot of different sources/blogs and a couple that are very accurate are completely confident that this is a bearish reversal.
When I looked at the charts with weekly bars, the signs just yelled out at me and technically, on that basis, the charts have not yet lied…
red. I’m a fan of yours, but that gal is a bit of a whack nut. sorry sir.
I never thought about it that way… it’s possible I guess?
I never thought about it that way… it’s possible I guess?
Dow Jones weekend update
http://niftychartsandpatterns.blogspot.com/2010/11/dow-jones-weekend-update_13.html