LOL… “following the cheese”. Just don't get caught in the mouse trap being laid!
And yeah, you could say that we are talking in tongues. As for understanding the terms, you'll just have too read on a daily basis, as there isn't a dictionary available.
You can go back through the past posts and you'll understand more. But to get you up to speed a little, go read this…
Is there any way to search an archive to look up the meaning of the terms used. I see what looks like displaced moving averages posted, maybe volume weighted, but it is like you folks are talking in tongues. Now, I am in my early 50's and have been around for awhile. My trade is EE but my passion is the markets.
June S&P E-mini Futures: Today's range estimate is 1165 – 1177. I think the drop from 1188 will amount to 20-25 points. After it ends the ES should rally to 1200 in April on its way to 1225 or so.
1173.25 -1186.25 actual yesterday (13 points) 1172 low last night 1165-1177 estimate for today (12 points) 1174 currently, so estimate is -9 to +3 from here (bearish)
And I appreciate the compliment. I try to make the blog entertaining, and informative. You'll notice that I don't post too charts here, as my skills in that area suck.
I focus more about the greed, corruption, and manipulation in the market… and most importantly, how to make money with that knowledge.
You could say that most people here took the Red Pill, and they understand how controlled the market really is.
Tim (on Slope of Hope, of course) focuses more on charts, and those that visit are primarily the Blue Pill takers. Don't get me wrong, I like Tim a lot, a respect his charting skills too. I like reading and following many of the people there too…
But, if you hang around here enough and read the comments, you'll find out that the depth of the corruption and manipulation is deeper then most are willing to believe.
So, while we are getting ready for a nice overdue correction, it isn't P3 yet. The target down has already been given to us. It's the 1078 minimum, to 1050 maximum range.
Once that area is reached, many people will go short, thinking that we are going lower. But that's when we make a slow grind back up to 11,816 Dow, over the following summer months.
That… my friend, is how you “fool the majority” of the people. Believe me, every bear will be shorting every push higher from the coming low.
The fall months should be the best, as all hell should break loose then. Of course every bear will be dead, so hang on to your cash and visit more often.
We shall see Royal. We might get back to previous highs this year:) But thank g-d for the time being that we are going lower. I won't be around this morning to see what happens 🙁
Thanks Dancer
for those trading the XLF
Daily Containment Update
http://www.flickr.com/photos/47091634@N04/45028…
rejected @ containment the past 2 sessions
It has a date with the light blue containment pt. that I circled in the chart
LOL… “following the cheese”. Just don't get caught in the mouse trap being laid!
And yeah, you could say that we are talking in tongues. As for understanding the terms, you'll just have too read on a daily basis, as there isn't a dictionary available.
You can go back through the past posts and you'll understand more. But to get you up to speed a little, go read this…
http://reddragonleo.com/2010/01/11/97-point-drop/
Now look at today's chart and where we went on February the 5th. Next, go read this post, and look at the charts at in the post.
http://reddragonleo.com/2010/03/06/weekend-upda…
That is our coming target area…
Hi Red!
Just found this site by following the cheese 🙂
Is there any way to search an archive to look up the meaning of the terms used. I see what looks like displaced moving averages posted, maybe volume weighted, but it is like you folks are talking in tongues. Now, I am in my early 50's and have been around for awhile. My trade is EE but my passion is the markets.
Do not want to impose, just learn.
Thanks!
Carl’s morning call:
June S&P E-mini Futures: Today's range estimate is 1165 – 1177. I think the drop from 1188 will amount to 20-25 points. After it ends the ES should rally to 1200 in April on its way to 1225 or so.
1173.25 -1186.25 actual yesterday (13 points)
1172 low last night
1165-1177 estimate for today (12 points)
1174 currently, so estimate is -9 to +3 from here (bearish)
Thanks for stopping by Royal…
And I appreciate the compliment. I try to make the blog entertaining, and informative. You'll notice that I don't post too charts here, as my skills in that area suck.
I focus more about the greed, corruption, and manipulation in the market… and most importantly, how to make money with that knowledge.
You could say that most people here took the Red Pill, and they understand how controlled the market really is.
Tim (on Slope of Hope, of course) focuses more on charts, and those that visit are primarily the Blue Pill takers. Don't get me wrong, I like Tim a lot, a respect his charting skills too. I like reading and following many of the people there too…
But, if you hang around here enough and read the comments, you'll find out that the depth of the corruption and manipulation is deeper then most are willing to believe.
So, while we are getting ready for a nice overdue correction, it isn't P3 yet. The target down has already been given to us. It's the 1078 minimum, to 1050 maximum range.
Once that area is reached, many people will go short, thinking that we are going lower. But that's when we make a slow grind back up to 11,816 Dow, over the following summer months.
That… my friend, is how you “fool the majority” of the people. Believe me, every bear will be shorting every push higher from the coming low.
The fall months should be the best, as all hell should break loose then. Of course every bear will be dead, so hang on to your cash and visit more often.
$SPX approaching the edge of the cliff
max contain on the 60 min is @ 1176, it has held the bull structure since the initiation gap on 2.16.2010
http://www.flickr.com/photos/47091634@N04/45020…
TraderJohn, Congrates on your day. Thanks for sharing. A good plan lessens the risk and sure is sweet when it all line up and works.
well the operators are going to fool you
http://www.flickr.com/photos/47091634@N04/44783…
We shall see Royal. We might get back to previous highs this year:) But thank g-d for the time being that we are going lower. I won't be around this morning to see what happens 🙁