Diablos – can you explain how exactly to do this? Can I do it on Ameritrade? It looks like your bottom line is where he thinks the market will bottom (low 990s – yours is 989)
I think the reason the market could push up too much higher today, was the fact that the 15 minute chart was overbought and needed to reset itself lower before another push higher.
It's below the zero line now, and should roll back up into positive territory by the end of the day, allowing for one more push higher tomorrow… as long as the 60 minute chart is still going up.
I think we will see our high in the market before noon tomorrow, and then the 60 minute and 15 minute charts will roll back down to the downside, and be aligned with the daily, weekly and monthly.
The selling should last until Friday I suspect. Should be a wave 3 of 3 down. Of course I don't know how high we will go up tomorrow, but we need a gap up open to help the bears out, as that means the gap will want to be filled later.
Plus, it will get the market up higher, so it will fall further down later. So started rooting for a gap up tomorrow, as that is good for those bearish, and will allow those bullish to bail out… if they are wise enough?
We are a mixed up bunch of strange people here. We certainly have a lot of different belief's and views on everything from the stock market to ufo's, and the Illuminati.
And you all know that I open this blog up for and type of discuss, but Monica is right, we should just all try to keep our focus on making money in the market.
I don't care if you all disagree with each other, just don't get into a fight about it. Remember, we still have trolls to worry about, and if there is anyone that needs an ass whipping… it's them!
Interesting. Could be. It will try all of our patience, that is for sure!
Diablos – can you explain how exactly to do this? Can I do it on Ameritrade? It looks like your bottom line is where he thinks the market will bottom (low 990s – yours is 989)
Sorry, “couldn't push up”…
I think the reason the market could push up too much higher today, was the fact that the 15 minute chart was overbought and needed to reset itself lower before another push higher.
It's below the zero line now, and should roll back up into positive territory by the end of the day, allowing for one more push higher tomorrow… as long as the 60 minute chart is still going up.
I think we will see our high in the market before noon tomorrow, and then the 60 minute and 15 minute charts will roll back down to the downside, and be aligned with the daily, weekly and monthly.
The selling should last until Friday I suspect. Should be a wave 3 of 3 down. Of course I don't know how high we will go up tomorrow, but we need a gap up open to help the bears out, as that means the gap will want to be filled later.
Plus, it will get the market up higher, so it will fall further down later. So started rooting for a gap up tomorrow, as that is good for those bearish, and will allow those bullish to bail out… if they are wise enough?
The quiet before the storm. Maybe not today but soon.
I have TZA today, but it seems headed no where.
Ha Red! I am more mixed up than anyone. Anyway, may we all make money!
Gang,
We are a mixed up bunch of strange people here. We certainly have a lot of different belief's and views on everything from the stock market to ufo's, and the Illuminati.
And you all know that I open this blog up for and type of discuss, but Monica is right, we should just all try to keep our focus on making money in the market.
I don't care if you all disagree with each other, just don't get into a fight about it. Remember, we still have trolls to worry about, and if there is anyone that needs an ass whipping… it's them!
🙂
Hee heee. Well, I believe if we get under 108 the selling will begin. Shoot me for being a believer!
Actually, I was kind of enjoying this. This is my idea of a good time 🙂
But I will let it go.