My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
Cobra wrote:well, I hope this breakout is for real.
The only impulse was the drop yesterday and all of this looks corrective. The BBs are narrowing, giving us a higher probability of a decent gap tomorrow. The wave count says down, so I guess I should be very long!
If I squint real hard I see a breakdown from a mini- H&S, now doing a 'last kiss goodbye' (on your DIA chart).
But then again I am biased, since I just turned BEARISH.
"We got a runaway train boy, we got a billion Eddie Barzoons all jogging into the future. Every one of 'em getting ready to fist-#### God's ex-planet, lick their fingers clean as they reach out toward their pristine, cybernetic keyboards to tote up their f##ing billable hours. And then it hits home!"
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"YES is just GUESS" tells me no sure on the chart reading (Short covering could kick in easily near close) tells me hope no TA facts.
Hahahahaaaa got you, I know you are bull to the core. just want to poke fun at you, love your charts.
Per my ARMs sell warning setup, I should close short on an up close. Unless things start to move, today is basically unchanged. Based on very limited precedents, there is the possibility of range trade or mild megaphone action over the next day or two with unchanged. So, I'll probably carry overnight with a tight stop or close it in the aftermarket for modest profit. They say never short a dull market. Well, today was pretty dull.