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Daniel-David wrote:Simpler yet, BullBear52... QQQ is making an unmistakeable pattern of higher highs and lows in the PM session so far..
Time frame may differ, but for my swing set up holding over night with bearish cross on macd is not my taste. during consolidation, bulls and bears will get the same percentage of being right and wrong until a clear break out IMHO
thanks for the input....I had the levels for day trade low and the uptick 9840 area r2k, but without the kahunas to pull rigger today, I will take your suggestion and go for a walk instead ...GL
yeap, I am taking a walk all the time with this crazy market.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Doctor Brett Steenbarger: Basic thesis is that if there's a point during the day when many key sectors are pressing daily HIs or partial-session HIs (or lows), and they all break thru it implies a range expansion for the general indexes. But if they all fail at once, there can be a violent reaction to the other end of the range. And if some do this, others that, and others just hover indecisively, the general indexes will likely be better range-traded than trend-traded... (within that day).
Daniel-David wrote:Simpler yet, BullBear52... QQQ is making an unmistakeable pattern of higher highs and lows in the PM session so far..
Time frame may differ, but for my swing set up holding over night with bearish cross on macd is not my taste. during consolidation, bulls and bears will get the same percentage of being right and wrong until a clear break out IMHO
thanks for the input....I had the levels for day trade low and the uptick 9840 area r2k, but without the kahunas to pull rigger today, I will take your suggestion and go for a walk instead ...GL
yeap, I am taking a walk all the time with this crazy market.
shouldn't fault myself too much, would take sizeable gespatchos to get long with 2700 nydec and -$tick -1200+, least I colsed some puts down there....
<;)
"It requires, obviously, some luck and some good policy."
BullBear52x wrote:This is the time you guys should ask Dr. Al, what the AD say? from here to the end of day the AD line will guide us into the morning.
AD weak all day
Its inverted-TRIN that has been the bull-honey-badger all day (green box)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
BullBear52x wrote:This is the time you guys should ask Dr. Al, what the AD say? from here to the end of day the AD line will guide us into the morning.
AD weak all day
Its inverted-TRIN that has been the bull-honey-badger all day (green box)
529onemin.png
any recollections of seeing this with a falling amrket? Seems to me to say that not bears and not bulls in control, therefore sell some vol and look for more chop w/in recent range....anyone else seeing h&s forming since 5/23 (now in right shoulder)?
Thanks to Wise AL!
<;)
"It requires, obviously, some luck and some good policy."
BullBear52x wrote:This is the time you guys should ask Dr. Al, what the AD say? from here to the end of day the AD line will guide us into the morning.
AD weak all day
Its inverted-TRIN that has been the bull-honey-badger all day (green box)
529onemin.png
my AD on MACD 39-19/39/-19 on zero ground, bulls got as much as chance as bears compare to 30 min. ago.
Last edited by BullBear52x on Wed May 29, 2013 3:03 pm, edited 1 time in total.
My comments are for entertainment/educational purpose only. NOT a trade advice.
neckline as support plus volume surge, so might see rebound here first then we'll see.
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TraderGirl wrote:Wow, a lot of people woke up very unhappy this morning...
and some of us were pleasantly surprised that puts could actually go up in premium overnight...
For The Astro genius: re lunar calendar prices of lows and highs seemed to be a bit early last few weeks, now could the marts be running a bit behind?
anyone long on the full moon would be hurting...
TIA
<;)
"It requires, obviously, some luck and some good policy."
rebound as expected. I'm neutral now, the chart looks not bad to bulls though.
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