Today now looks like the day after the day I pointed to on this chart (the small “doji” day). Friday should look like that first red candle, but “should” go up first. http://screencast.com/t/irYp5kMK3QU
Duh… sorry. I wasn’t reading that correctly I guess. Remember that he’s a day trader and flip flops a lot. But I like his weekend video as it was a bigger picture one
Yeah… until there’s a clear break of 2135 or 2040 we are still trendless and therefore you must trade short term. The market has given us tons of 2-5 days moves in the same direction, but catching a 3 week move is tough.
Maybe we start one soon as it’s sure looking like a big move up or down is coming. In that latest video I did yesterday I point out the reasons to be bullish.
But if that 2040 breaks then we are in for a huge drop like 2011. Crashes happen from oversold charts and the weekly chart is now in that oversold range where it should turn back up or dump hard and tank the market big.
The power of Ms J ImYelling to rally markets is fizzling. I look across my large watch/trade list and see tanks everywhere for a while now!
I have found that when this happens, then the general markets finally fall last.
I agree with you Leo what you said a little ways back that it is only favorable to just make traded in a very short period.
My swing trades that work are for 1 to 3 days, not the usual 1 to 3 weeks!
Today now looks like the day after the day I pointed to on this chart (the small “doji” day). Friday should look like that first red candle, but “should” go up first. http://screencast.com/t/irYp5kMK3QU
Should continue up Friday I think but next Monday I think we dump hard….
Duh… sorry. I wasn’t reading that correctly I guess. Remember that he’s a day trader and flip flops a lot. But I like his weekend video as it was a bigger picture one
Oscar Carboni
Great article with lots of charts and facts: http://www.athrasher.com/the-greatest-risk-of-a-market-peak-since-2007/
Who said that?
FYI
just watched Oscars’ video from last night.
He said to Go LONG on Russel & S&P today, SHORT Gold
Interesting,….. I’ll pass on that!
ES Futures Update: http://screencast.com/t/kwKWRQwIP
Yeah… until there’s a clear break of 2135 or 2040 we are still trendless and therefore you must trade short term. The market has given us tons of 2-5 days moves in the same direction, but catching a 3 week move is tough.
Maybe we start one soon as it’s sure looking like a big move up or down is coming. In that latest video I did yesterday I point out the reasons to be bullish.
But if that 2040 breaks then we are in for a huge drop like 2011. Crashes happen from oversold charts and the weekly chart is now in that oversold range where it should turn back up or dump hard and tank the market big.
The power of Ms J ImYelling to rally markets is fizzling. I look across my large watch/trade list and see tanks everywhere for a while now!
I have found that when this happens, then the general markets finally fall last.
I agree with you Leo what you said a little ways back that it is only favorable to just make traded in a very short period.
My swing trades that work are for 1 to 3 days, not the usual 1 to 3 weeks!