According to n vs n rule, as a bear, you may want to see huge up today to have a higher high then today could be counted as bull's day therefore according to n vs n, for 5 days bulls couldn't recover the previous 4 days losses. Well, that's what I'll be closely watching, although I don't think we'll have a higher high today so most likely a bear lose case today.
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Cobra wrote:According to n vs n rule, as a bear, you may want to see huge up today to have a higher high then today could be counted as bull's day therefore according to n vs n, for 5 days bulls couldn't recover the previous 4 days losses. Well, that's what I'll be closely watching, although I don't think we'll have a higher high today so most likely a bear lose case today.
In my case 1half won, 2nd half..not over yet LOL!
My comments are for entertainment/educational purpose only. NOT a trade advice.
uempel wrote:I'm playing around with rhomboids. Chart shows SPX in the middle of the current rhomboid and it looks as though price might not know where to go.
Rhomboids.png
Uempel, just want you to know, I'm really glad that I decided to open this forum. Thanks Pal!
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Earlier in the day, for some reason I was looking at the close of moday,that's how I target my SSO entry.breadth looks good in this hour chart just shy on the volume, I'd like to see RSI above 50 then I'll be more comfortable day trade on the long side. tomorrow I'll joint the Bulls band vagons but not today. unless big changes from the curent reading, I know the greed signal was back yesterday but thougth to wait for the dip at least at the close of Monday to close up the gap completely, well....not play out this time
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My comments are for entertainment/educational purpose only. NOT a trade advice.
uempel wrote:I'm playing around with rhomboids. Chart shows SPX in the middle of the current rhomboid and it looks as though price might not know where to go.
Rhomboids.png
Uempel, just want you to know, I'm really glad that I decided to open this forum. Thanks Pal!
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OK, let's watch the next resistance. A little consolidation before breakout would be nice otherwise I'd be worried.
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little resistance here, a little pullback would be nice.
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As I said a little bit pullback would be nice. Since haven't tested the EMA20 for so long so if pullback could go that far (hit EMA20) it would be a buy normally.
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Wow, this really is strong. Still a little pullback or consolidation before the breakout would be nice.
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This train is taking off with out me. see you guys in New York, how far north are we heading?, this is healthy market, everyone making money but me 130 SPY is dead on mid bb.
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My comments are for entertainment/educational purpose only. NOT a trade advice.