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01/14/2022 Market Recap

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Cobra
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01/14/2022 Market Recap

Post by Cobra »

Good bullish reversal bar but still officially a strong bull follow through is needed the next Tuesday. The chart now looks really good for bulls though: Good looking bullish reversal bar, possible double bottom and volume surge on an up day, so probably bias is up.

It's simply never being easy for bears so generally we should trust most bullish signs and ignore the most bearish signs. Therefore accordingly we should trust the double bottom?
spy.png

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User avatar
Cobra
Site Admin
Posts: 58337
Joined: Sat Feb 12, 2011 10:29 pm

Re: 01/14/2022 Market Recap

Post by Cobra »

4.png
Again, called double bottom wrong. It's a classic range day with a couple of ups and downs so not easy to call.
viewtopic.php?f=2&t=4983&p=300576#p300576
viewtopic.php?f=2&t=4983&p=300582#p300582
viewtopic.php?f=2&t=4983&p=300584#p300584 (called breakdown here right)
viewtopic.php?f=2&t=4983&p=300593#p300593 (the breakdown didn't go far just as I realized it's a range day, nothing can be trusted)


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The trading log above is meant for myself only which main purpose is to help improving my market sense.
  • My blah blah about how the market would go in the next dozens of minutes everyday in this forum, is a way to force me to focus on the market, because by speaking loud, if the prediction is wrong, I'd be embarrassed, which of course I'd like to avoid as much as possible.
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