I am just listening to him so I don't understand it fully (trying to get there). 120 means two 60 minute blocks. So we closed below the red containment at 10:30CST. Then we have to close below red containment again (consecutive 120 minutes closes) again at 12:30CST. We should know the outcome in a half an hour. If we close below that red containment level at 12:30CST, we take a plunge. If not, then I don't know!
looks that way to me – see his chart below.
where is containment? I forgot.
and containment was what yesterdays close???
Looks like a great short opportunity here to me.
I am just listening to him so I don't understand it fully (trying to get there). 120 means two 60 minute blocks. So we closed below the red containment at 10:30CST. Then we have to close below red containment again (consecutive 120 minutes closes) again at 12:30CST. We should know the outcome in a half an hour. If we close below that red containment level at 12:30CST, we take a plunge. If not, then I don't know!
We will probably be testing 200dma again. Third should be the charm, at 2:30 cst.
how do you read his containment chart…. what is 120?
i don't understand what 120 is… could you explain some about it?
I think there will be a little rally here for an H&S, good time to buy.
listen to sundancer. see if we are below red containment at 12:30cst and if so, add to shorts.
Actually I'm not bullish just keeping my mind open for a bounce but I agree the momentum is to the down side and it seems that sell the rip is in