knock wrote:looking for gap down monday! all your 401k money belong to goldman socks!
Japan, Hang Seng, & India sold off last night. They're gonna want to rally. This morning Europe rallied on their own, at the reluctance of US. I wish it would gap down because I made a mistake. This is where the hope strategy takes over. I hope we gap down.
This is utter crap. So many top indicators Cobra has identified. China looking worse and worse. Volume stinks, SPX up 6 days in a row, VIX under 15. Anaconda sees a PBar to 139 on SPY, although I don't see it nor did Mr. M confirm. I wouldn't be surprised if we fell further than that next week. Long TZA.
Al_Dente wrote:…
Does it make any sense? Are u married to IWMs?
Never marry an Index . The reason I do TA for IWM is that many of my setups work with TNA/TZA or EDZ/EDC (IWM analysis also applies to EEM/EDC/EDZ) and not with SPY. Idk, why? Never tried QQQ's, may be I should look at these in more detail.
This weekend I will analyze trading IWM when all three (VIX/RVX/XIV) are in agreement.
Have a nice evening and weekend!
Above is provided for informational purposes only and shouldn't be considered an investment advice or recommendation to buy or sell anything.
Legal note:Don't believe anything I say above. You may lose yourA$$..
My chart has Daily Elders (Close, High, and Low), MA-2, CCI, and ATR for each stock; all color coded.
EvilTrader wrote:Why obsession about gaps up or down ??
There are many trading hours daily.
Agreed, but there was a study that 55% of the stock market gain over the past 10 years was on the gap up/down. I wish I can find that article, and I will post it. Having said that, if you're on the wrong side, you will get fleeced.
Bman69 wrote:This is utter crap. So many top indicators Cobra has identified. China looking worse and worse. Volume stinks, SPX up 6 days in a row, VIX under 15. Anaconda sees a PBar to 139 on SPY, although I don't see it nor did Mr. M confirm. I wouldn't be surprised if we fell further than that next week. Long TZA.
Why would you be short here? Nothing indicates a bearish top signal. TA is useless right now. Market has unwinded nice. I would only scale in a short (If I had to) at the multi-year highs..which we seems destined to reach.