I came across a model that analyzes days like May 6. That is an outlier day. Historically, it never retestes the low. 2/3 of the time, it retests the previous high w/o a retrace. The remaining 1/3, it retraced the rebounce but did not retest the low, and then reverted back to test the high. So, the odds are strongly favourable to the bulls. But it is probably blasphemy to post this here. LOL
We either stabilize here at 112-113 or bottom at 110 Mon-Tue.
I foolishly sold my puts at EOD yest taking a mere 20 buck profit per put vs the 275 profit it could have been today- kicking myself as I was left holding calls and they are killing me … 🙁
So do you think a backtest of the 60 min containment at 114.3 would be a good point to buy some sun ?
Pictures are free all over the internet. Unless it clearly states that it's copyrighted, you can pretty much copy any picture you want. I certainly don't create all the pictures for my posts.
I do sometimes edit them, add text on them, and cut and paste several pictures together, but many times I will just use a cool picture “as is” on my nightly posts.
Anyway, just trying to help. If you don't want to use it, that's fine too.
Yeah a lot of Air on the 60 min, but you just move down the chain
120 min
http://www.flickr.com/photos/47091634@N04/46064…
I came across a model that analyzes days like May 6. That is an outlier day. Historically, it never retestes the low. 2/3 of the time, it retests the previous high w/o a retrace. The remaining 1/3, it retraced the rebounce but did not retest the low, and then reverted back to test the high. So, the odds are strongly favourable to the bulls. But it is probably blasphemy to post this here. LOL
We either stabilize here at 112-113 or bottom at 110 Mon-Tue.
Where are all the other containment lines below it? Looks like nothing but air below…
Red containment on the 60 min
http://www.flickr.com/photos/47091634@N04/46060…
*IF* you are trading a plan that has lower prices in it, then the area around red containment (114.3 ish) would be an entry pt.
I think 1161 is on 195 min. For 60 min its around 1144. Thanks
SC,
It does make sense, but I wish Carl had been right more often lately, so I could feel more comfortable thinking he's probably right this time.
I foolishly sold my puts at EOD yest taking a mere 20 buck profit per put vs the 275 profit it could have been today- kicking myself as I was left holding calls and they are killing me … 🙁
So do you think a backtest of the 60 min containment at 114.3 would be a good point to buy some sun ?
Hi Sundancer,
So you'd like, and/or expect a move back to 1161+ this afternoon?
Thanks in advance
Rip,
Pictures are free all over the internet. Unless it clearly states that it's copyrighted, you can pretty much copy any picture you want. I certainly don't create all the pictures for my posts.
I do sometimes edit them, add text on them, and cut and paste several pictures together, but many times I will just use a cool picture “as is” on my nightly posts.
Anyway, just trying to help. If you don't want to use it, that's fine too.