Look at the reversal in the agricultural commodities or DBA or WAG in particular. They had huge volume on Friday and then did a huge reversal today. Last night, the ag commodity futures were up huge.
Crude oil couldn’t participate in the early morning rally and didn’t make a new rally high. Chevron with a microscopic range day today. I looked at $hui over the weekend and it had an ugly huge reversal bar on Thursday. Some tech stocks like CRM and Akam continuing their meltdowns. Doji days all around.
I like this sentiment survey. I don’t know how they calculate it but it shows bullishness is just off the charts.
The trolls came out in force last night. The crash must be near.
The Fed rescue team steps in again at the end of the day. Now we all know why they hired 400 traders. Why does the Fed need 400 traders? Now we know. The stock market is a video game and the Fed is playing with a cheat code.
WTF is going on these days with all these FP’s. Each and everyday i see so many of them all over the place. Either something is coming or these HFT’s are really screwing up the prices/pricing.
They’re fibonacci arcs. You can google it. The idea is you place both ends on significant high/lows to show support resistance levels. Very frustrating tool, as alot has to do on the scale of your chart. Example, if I display a yearly chart vs a 2 year chart, even with identical end points, the arcs will be drawn differently.
WOW are those custom charts i have been interested in the circles but i have never understood when and how to draw them would you mind sharing some knowledge on them
Look at the reversal in the agricultural commodities or DBA or WAG in particular. They had huge volume on Friday and then did a huge reversal today. Last night, the ag commodity futures were up huge.
Crude oil couldn’t participate in the early morning rally and didn’t make a new rally high. Chevron with a microscopic range day today. I looked at $hui over the weekend and it had an ugly huge reversal bar on Thursday. Some tech stocks like CRM and Akam continuing their meltdowns. Doji days all around.
I like this sentiment survey. I don’t know how they calculate it but it shows bullishness is just off the charts.
The trolls came out in force last night. The crash must be near.
Still watching the following for shorts: COH, RTH, VNO, XLK
The Fed rescue team steps in again at the end of the day. Now we all know why they hired 400 traders. Why does the Fed need 400 traders? Now we know. The stock market is a video game and the Fed is playing with a cheat code.
Thanks Jason…
It’s coming, but the “when” part is still unknown?
will they work on a smaller time frame chart i know the basic stature behind them but i cant find anything to draw them on
Leo,
Here you go. Another FP for you. 🙂
WTF is going on these days with all these FP’s. Each and everyday i see so many of them all over the place. Either something is coming or these HFT’s are really screwing up the prices/pricing.
http://lh6.ggpht.com/_nWni2LcWFe0/TLNQF_izTrI/AAAAAAAAAIQ/kptg02F26ig/s912/iwm_fp.png
They’re fibonacci arcs. You can google it. The idea is you place both ends on significant high/lows to show support resistance levels. Very frustrating tool, as alot has to do on the scale of your chart. Example, if I display a yearly chart vs a 2 year chart, even with identical end points, the arcs will be drawn differently.
WOW are those custom charts i have been interested in the circles but i have never understood when and how to draw them would you mind sharing some knowledge on them
Hadn’t looked at this in awhile, but the 880 SMA, which acted as resistance at the 1219 high is upon us again.
http://screencast.com/t/uKfoAManb
Also approaching arc .786 resistance
http://screencast.com/t/xkNs9W3c2