StrikePrice wrote:There was definitely two ways to look at the Market yesterday. That's always tough. Technical analysis in all forms can be indecisive.
With times like that I like to look at the leader, because I believe that's what the pros do (I'm definitely not a pro). From the recent low AAPL was in a nice uptrend channel. It broke out of that channel on Tuesday while the market only broke out of it's channel today. This is why I think keeping an eye on leaders can add to analysis even if you're just trading ETFs.
Thank you.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Michelle wrote:I see the P-print on Quotetracker. I also see one last Thursday that dropped to just above 112. Funny how that works.
The P-bar prediction seems working in 5 days. Just guessing no evidence.
I guess some people using it to see if they find out a bullish /bearish butterfly for that stock/efts. When Fas printed $8.72, it was a hint to print a bullish butterfly and go up to $15 from $12.XX.
Michelle wrote:I see the P-print on Quotetracker. I also see one last Thursday that dropped to just above 112. Funny how that works.
The P-bar prediction seems working in 5 days. Just guessing no evidence.
I guess some people using it to see if they find out a bullish /bearish butterfly for that stock/efts. When Fas printed $8.72, it was a hint to print a bullish butterfly and go up to $15 from $12.XX.