it has been an intresting week. And I did well. Just started following a guy in OZ. http://www.forecastfortomorrow.com/ftmembers he called the crash in 2008 and is now has some very intresting calls for the coming months, and is spot on from what I can tell. Worth a look.
There is something strange in the air, i can smell it. I still cant put my finger on it…. hope it doesnt mean i lose my account next week. eeeek.
Red, I'm sorry but I have to ask: What sort of trading edge can someone really derive from false prints? I'm afraid I'm not on board with the whole premise, but even if I were, I don't see how it provides any sort of actionable edge. It also seems kinda inconsistent with the notion of hidden powers directing the market to specific targets at will.
I would suggest, since the market seems to be throwing up so many surprises, the key to understanding its movements and identifying high-probability set-ups is to be found elsewhere.
These after hour mini trades, always get tested eventually, 60%-70% of the time. I think ( my own conspiracy theory ) they are GS signals to other GS employees, in this case,telling them, get ready to short just before the sloppy looking one month rounded bottom fills.
I never follow SPY…ther's been unreliable signals forever now on my charts. But surprisingly enough, the QQQQ and IWM, almost always follow the next line on the charts I use.
Well gang, have good weekend. No post for tonight (I hate talking about the bulls). I have the weekend post up by Sunday night. But just to keep it simple, I'd say we go hit the FP of 112.41 spy next for sure.
I'd say that because of the attention it's been getting lately, they probably put that one up on Yahoo to throw everyone off… meaning it was a fake FP.
Thx nice charts there.
it has been an intresting week. And I did well. Just started following a guy in OZ. http://www.forecastfortomorrow.com/ftmembers he called the crash in 2008 and is now has some very intresting calls for the coming months, and is spot on from what I can tell. Worth a look.
There is something strange in the air, i can smell it. I still cant put my finger on it…. hope it doesnt mean i lose my account next week. eeeek.
Red, I'm sorry but I have to ask: What sort of trading edge can someone really derive from false prints? I'm afraid I'm not on board with the whole premise, but even if I were, I don't see how it provides any sort of actionable edge. It also seems kinda inconsistent with the notion of hidden powers directing the market to specific targets at will.
I would suggest, since the market seems to be throwing up so many surprises, the key to understanding its movements and identifying high-probability set-ups is to be found elsewhere.
Sometimes a cigar is just a cigar. 🙂
Does the gov't want a double dip recession?
If they do, then the Treasury dep't won't use its nuclear option.
These after hour mini trades, always get tested eventually, 60%-70% of the time. I think ( my own conspiracy theory ) they are GS signals to other GS employees, in this case,telling them, get ready to short just before the sloppy looking one month rounded bottom fills.
Hi Jim,
I show a pullback signal, fairly reliable at IWM 66.9.
I'm shorting IWM at 66.9, if it gets there.
I never follow SPY…ther's been unreliable signals forever now on my charts.
But surprisingly enough, the QQQQ and IWM, almost always follow the next line on the charts I use.
I have clear signals. If IWM reaches high 66's, it will retest 64, it's 50 day, soon after that.
I conclude then, that max pain for bears is IWM 66.9.
Well gang, have good weekend. No post for tonight (I hate talking about the bulls). I have the weekend post up by Sunday night. But just to keep it simple, I'd say we go hit the FP of 112.41 spy next for sure.
Red
I'd say that because of the attention it's been getting lately, they probably put that one up on Yahoo to throw everyone off… meaning it was a fake FP.
well so much for the fake print theory today