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be careful of bear attack. make sure you run faster than others.BullBear52x wrote:Thanks to everyone here also, lots of good idea and too many to name. this week is my short week going camping, might make it back to trade on Friday.Anaconda wrote:BullBear52x wrote:a bullish set up for EDZ is confirmed.
Impressive calls. Thanks for your input on this board.
A
One example: Is LNG still considered (bull-)"flagging"? At one time it certainly was. Does it no longer qualified as such? TIA.DaWay wrote:"On 5-min SPY". Isn't that the same time frame as Cobra's using. Maybe he has different answer for you. For me that's it, sorry, as I've defined it for my point of view and my chart as well.pidge66 wrote:At what point does a flag fail to become a flag, but a channel with the new trend? Is there any general rules of thumb for this? E.g. no break within 20 bars, etc. (I'm just pulling from the air). I'm asking this because theoretically the "bear flag" could go all the way to S&P 1300... of course it would long gone be called a bear flag.DaWay wrote:On 5-min SPY: Up tilt flags mean bearish; down tilt flags have less choice but bullish; if we keep our reading consistent (don't mean market is).
"On 5-min SPY". Isn't that the same time frame as Cobra's using. Maybe he has different answer for you. For me that's it, sorry, as I've defined it for my point of view and my chart as well.[/quote]pidge66 wrote: At what point does a flag fail to become a flag, but a channel with the new trend? Is there any general rules of thumb for this? E.g. no break within 20 bars, etc. (I'm just pulling from the air). I'm asking this because theoretically the "bear flag" could go all the way to S&P 1300... of course it would long gone be called a bear flag.
Thanks. Nice chart.DaWay wrote: You used daily so am I. "Flag" works better with length of "flag pole": longer the pole the better it performs as desired direction (no pun intended). In this chart I posted for you, put into perspective, only TWO predominant patterns shows up, as you can see. YOUR bull flag maybe once was a bull flag, not anymore when it pulled back into the predominant formation. That's how I read charts, FWIW, hope it helps.Well, one more, if price breaks above the last TL, that enters into new territoy, like in GO GAME break out.
hi,Cletus.How to predict cycle turn?cletus wrote:Today's Bullet Points:
* Goldman says to short natural gas. Related to that flash crash perhaps? Therefore, we look to exit our natural gas put options if nat gas hits 4.50 because Goldman appears to have hinted at that price by manipulating the crash
* Today's cycle turns are 10 EST, 12:45 EST and 3:30 EST. With so many turns, you would think it would be a range oriented day