/CL coiling tight for days.. look for an explosive move up or down Tomorrow, or Friday? .. Oil the next quarter mover?.. winter is on it's way for some of us... gotta few USO C fwiw
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Last edited by fehro on Wed Sep 30, 2015 3:20 pm, edited 1 time in total.
Al_Dente wrote:After 8 contiguous red elder bars on the daily, we may have the first blue elder bar on the daily (depends on the close).
According to Elder, a blue bar like this “gives permission” to long, in consultation with other indicators like momentum etc.
But this should be confirmed Friday by a blue bar on the weekly (currently red) or the long bias will be rescinded.
too many IFs
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Pah, BullBear52x! Most unkind of you, since that is orthodox Elder, well-recapitulated, chapter and verse. Don't tease the messenger--the blue bar is just an alert, used more to cover shorts than initiate longs.
Al_Dente wrote:After 8 contiguous red elder bars on the daily, we may have the first blue elder bar on the daily (depends on the close).
According to Elder, a blue bar like this “gives permission” to long, in consultation with other indicators like momentum etc.
But this should be confirmed Friday by a blue bar on the weekly (currently red) or the long bias will be rescinded.
too many IFs
===============================
Pah, BullBear52x! Most unkind of you, since that is orthodox Elder, well-recapitulated, chapter and verse. Don't tease the messenger--the blue bar is just an alert, used more to cover shorts than initiate longs.
No wonder Al Dente stuck out his tongue at you.
Love Elder Impulse, easiest form of bar by far.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Al_Dente wrote:After 8 contiguous red elder bars on the daily, we may have the first blue elder bar on the daily (depends on the close).
According to Elder, a blue bar like this “gives permission” to long, in consultation with other indicators like momentum etc.
But this should be confirmed Friday by a blue bar on the weekly (currently red) or the long bias will be rescinded.
too many IFs
===============================
Pah, BullBear52x! Most unkind of you, since that is orthodox Elder, well-recapitulated, chapter and verse. Don't tease the messenger--the blue bar is just an alert, used more to cover shorts than initiate longs.
No wonder Al Dente stuck out his tongue at you.
THANKS Daniel
BullBear is my long time buddy, we like to rib each other, he's on our side
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
chart for the road: 61.8% is the must break, many chart experts were aiming at 50%., no matter which level, one more big sell off is still in the card. Peace!
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My comments are for entertainment/educational purpose only. NOT a trade advice.
LONG TERM
The 10sma on the monthly [pink, Meb Faber’s] that we were yapping about all last month when it broke down for the first time in 43 months, was prescient, and it looks like it will close below 10 again this month (EOM tomorrow). If so, the long termers won’t be flooding into the market in October.
It would be nice to see some BIG exhaustion volume….
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
vol surge again, so another pullback here, then we'll see.
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