11:45CST 195 Print http://www.flickr.com/photos/47091634@N04/46069… Once $SPX loses the White ENV, then purple. I'd like to see a backtest of red containment on the 60 min sometime this afternoon.
I think the market is about to retrace most, but not all, of the rally from 1102 to 1174 which resulted from the announcement of the rescue package for Greece. Midpoint support stands at 1113 and 1116 is the midpoint of the second box for this rally. I think we shall see a reaction low Monday or Tuesday. Once the drop from 1174 is over the move to 1300 should resume.
I have to learn more. I Googled on some of the expressions that you use, and come back to…you. I plan to review your old posts and try to ask intelligent questions.
I have a sense of the ritual as far as the emotion-tugging aspects, but to be able to plot the turns is incredible.
Most successful trading day ever, and the party's just getting started.
Sundancer, can't thank you enough for your guidance. I only went in partially, hedged and everything else because I'm a born Skeptic, but you nailed it.
Wow. Carl and I must be having the same breakfast this morning. lol
Damn you Carl. You had better be right, cuz I am seeing the same outlook. lol
Stepping out on an errand, see y'all later
Hahaha, that would be copyright infringement, maybe. Wouldn't want to face Sundancer in court! 😛
To echo Monica, thank you for this congenial little forum, Red, and your articles. May your blog never become popular. 🙂
11:45CST 195 Print
http://www.flickr.com/photos/47091634@N04/46069…
Once $SPX loses the White ENV, then purple.
I'd like to see a backtest of red containment on the 60 min sometime this afternoon.
The 1111 Ritual played out like a beautiful dance.
This was the chart I posted last night
http://www.flickr.com/photos/47091634@N04/46049…
For those that don't use 195 min charts, some great setups come from that TF.
Agreed…
Sundancer I have learned a lot from you, and I also thank you for taking the time to teach us, and share your trading knowledge with us.
And to Rip… here's a cool avatar for you to use:
http://reddragonleo.com/wp-content/uploads/2010…
New from Carl:
I think the market is about to retrace most, but not all, of the rally from 1102 to 1174 which resulted from the announcement of the rescue package for Greece. Midpoint support stands at 1113 and 1116 is the midpoint of the second box for this rally. I think we shall see a reaction low Monday or Tuesday. Once the drop from 1174 is over the move to 1300 should resume.
Yes, we are all indebted to you and Red for that matter for providing this forum. Thank you for sharing your knowledge.
I have to learn more. I Googled on some of the expressions that you use, and come back to…you. I plan to review your old posts and try to ask intelligent questions.
I have a sense of the ritual as far as the emotion-tugging aspects, but to be able to plot the turns is incredible.
Kudos again.
Pete
Glad I could help!!
The Rituals never change!!
Most successful trading day ever, and the party's just getting started.
Sundancer, can't thank you enough for your guidance. I only went in partially, hedged and everything else because I'm a born Skeptic, but you nailed it.