pullback as I said. now let's see how the rebound goes.
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Cobra wrote:if no bear counterstrike here, well, I don't know what to say other than soooooooooooooooooooooo disappointed in bears.
I made huge profits as a bear today. No disappointment here. Bottom line, the trend WAS down on Friday based on my model (which always properly defines the trend), and it remains down for now.
From now on, I guess we should treat everyday as a range bound day regardless whether we have a huge gap or down. Trend days are obviously banned on Wall Street. Trends on the ES only occur in after hours.
the assault is just way too strong, I don't know what to say, bears are soooooooooooooo weak.
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Qs are still fighting, bears are not over yet, although I'm very disappointed by out of most shorts.
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look at what happened all the way down. simply every dip was being bought. yes, the market keeps having lower low. so I guess bears here need patience, a lot patience here.
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here's the rebound target, not only the phantom bar points there, but also it's fib confluences area plus moving average resistance.
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Cobra wrote:look at what happened all the way down. simply every dip was being bought. yes, the market keeps having lower low. so I guess bears here need patience, a lot patience here.
Today is similar to 3/14, that was a Monday as well. So will we see the same the next two days as 3/15 and 3/16?
Cobra wrote:look at what happened all the way down. simply every dip was being bought. yes, the market keeps having lower low. so I guess bears here need patience, a lot patience here.
Travelfrog wrote:Had a Phantom Bar this am on FTSE 100 at 10.07am
Phantom Bar High 6064
Phantom Bar Close 5961
Difference 103 points
5961-103 = 5858
Low today = 5858
Have spotted this in the past on the S&P. The Phantom Bars appear to be intentional and an indication to those in the know of where the price is going for the day.
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Travelfrog, do you have a FTSE chart with the Phantom Bar? I'd like to have a look. Thanks.
Uempel,
Sorry, wifes car broke down, just got back home. I use Prorealtime charts and I asked them straight away to correct it ASAP as they mess up your indicators and moving averages. The charts are now corrrect without phantom bar. However, someone using iii java charts told me the bar was still there.
OK all you traders... I went double down near the bottom on spy long. H ad a good day. When there is high Liquidity in the mkt. It will not go down. So buy today for tomorrow. Enough said.( PS.. Wait until July to be real real bearish)
I never really understood the phantom bar and the definition on google varies. Anyone with experience can tell me what it implies and what is the reason for such an abrupt burst in price.