Some how I don't think 1100 is going to hold the market back today gang. The market is too strong right now (aka… manipulated in the light volume environment).
If breaks, 1120 minimum is up next, 1150 even being possible. However, if it fails again it will likely go down.
The summation is a key indicator of the money flow. its turning and it normally is very accurate at indicating tops and bottoms. It is a very strong reason to go long at this time.
I like the EW charts posted above but they are missing this short term. IMO. This short term will allow pros to sell out and suck in the retail. might as well play it until summation reaches top and go hard short again.
i still have some short positions also but much lighter.
breakpoint trades uses this all the time (it works) but this does not mean we can have short term whipsaws.
As it was “about to” give a buy signal they cautioned that the market can still go down for another two weeks. As the chart indicated NOW it is on a buy.
Can't mean we have a heavy spike down for a day. Which is what I'm looking for.
Some how I don't think 1100 is going to hold the market back today gang. The market is too strong right now (aka… manipulated in the light volume environment).
If breaks, 1120 minimum is up next, 1150 even being possible. However, if it fails again it will likely go down.
The summation is a key indicator of the money flow. its turning and it normally is very accurate at indicating tops and bottoms. It is a very strong reason to go long at this time.
I like the EW charts posted above but they are missing this short term. IMO. This short term will allow pros to sell out and suck in the retail. might as well play it until summation reaches top and go hard short again.
i still have some short positions also but much lighter.
This kind of trading is tough on all. I got stopped out of a great TNA trade but not sso and tyh.
Like i said before this week and into next will be bull. iam mid to long term bear but right now markets are telling us something else.
I don't like how UK market went up today after ours fell yesterday afternoon.
I smell a trap.
great charts, Thank you
Something I'm keeping an eye on:
2008
http://screencast.com/t/NjgxMmI2ZjA
now-(minus yesterday)
http://screencast.com/t/N2QwODA3ZDYt
This guy seems hellbent on bearishness. two days ago he posted a “diamond” formation and forcasted a 57 drop monday.
then monday he says a 67 pt drop. Now he drops the diamond and doesn't mention the 57 or 67 pt drop
I'm not saying he's full of it. but maybe a little so…
sorry I ment to say CAN'T
breakpoint trades uses this all the time (it works) but this does not mean we can have short term whipsaws.
breakpoint trades uses this all the time (it works) but this does not mean we can have short term whipsaws.
As it was “about to” give a buy signal they cautioned that the market can still go down for another two weeks. As the chart indicated NOW it is on a buy.
Can't mean we have a heavy spike down for a day. Which is what I'm looking for.
Like this site and analysis:
http://stockcharts.com/def/servlet/Favorites.CS…