cletus wrote:This is what happens to the bulls when they get that exuberance!
Not to be That Guy, but the SPX is flat to up & the nasdaq is down an earth shattering 0.3% after hitting new rally highs. I'm not entirely sure that's what happens to bulls when they get that exuberance, this ain't exactly 1987.
I speak of the future. The bulls will feel it. Full moon coming up. Nas is crumbling fast.
Ohh, you can see the future. Why didn't you just say so
August 12th was the last time we have taken out the initial low of the day in the afternoon.... WOW - a long time ago.....
Maybe we get the close below the 5 day DMA too!
-D
Denali92 wrote:• Today’s low was at noon and we rallied
• Yesterday’s low was at 1pm, Friday’s low was 10:10am … Thursday was 9:40am and we rallied…. Until one of these rallies FAILS and takes the bid out of the market, the bears will continue to be on the defensive....
I believe a lower afternoon low has not been seen since opex week.... so until there is a character change, all should be fine with the market, as I am sure most daily dip buyers have their stop below today's morning low.
-D
BullBear52x wrote:This type of intraday pattern become a norm lately.
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Could you please post your 1min TICK
I think I borrowstole this from you, but I’ve tweaked it so that I forgot how your original configuration looked
This is 1min but I’m trying to transfer it to 5min
Thanks boss
The attachment 93tick 1m_png.png is no longer available
I don't think you got that from me, Al.
I use a configuration like this, but it is on NinjaTrader.
Here is an old $TICK chart I used at one time. Had to dig it out.
ALdaytrade wrote:Under Pressure, as in Freddie Mercury!!!
Dead, as in Freddie Mercury?
You must live in Vancouver then, smoking too much weed!
No the market is under pressure. Sorry you entered a long today, probably better timing would have been for tomorrow morning, I think. Hindsight is 20/20.
Denali92 wrote:August 12th was the last time we have taken out the initial low of the day in the afternoon.... WOW - a long time ago.....
Maybe we get the close below the 5 day DMA too!
-D
Denali92 wrote:• Today’s low was at noon and we rallied
• Yesterday’s low was at 1pm, Friday’s low was 10:10am … Thursday was 9:40am and we rallied…. Until one of these rallies FAILS and takes the bid out of the market, the bears will continue to be on the defensive....
I believe a lower afternoon low has not been seen since opex week.... so until there is a character change, all should be fine with the market, as I am sure most daily dip buyers have their stop below today's morning low.
-D
BullBear52x wrote:This type of intraday pattern become a norm lately.
Buy or Sell until it fails Denali92, Thanks for your many wonderful reports.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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well, guess that's it for today. Thursday tomorrow has no obvious bull edges which is now what bears can get the most. thank you guys, I'll see you tomorrow.
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