Very close to 61.8 if no bounce there/here then it can become even more ugly.....u know oversold can become more oversold same with other extremes, they like to make terror in OB,OS conditions
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)
Mr. BachNut wrote:Market Neutral.
MO oversold readings starting to add up.
If weakness continues into Monday, I may have a counter-trend buy signal trigger.
Though lately machines have been pre-empting these signals lately...
I'm quite bullish on the very short term - I do hope tomorrow's expiry doesn't mess up my neat little chart
345.png
are you long now? I can buy say, 1 share of SSO to support you!
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Mr. BachNut wrote:Market Neutral.
MO oversold readings starting to add up.
If weakness continues into Monday, I may have a counter-trend buy signal trigger.
Though lately machines have been pre-empting these signals lately...
I'm quite bullish on the very short term - I do hope tomorrow's expiry doesn't mess up my neat little chart
345.png
are you long now? I can buy say, 1 share of SSO to support you!
oy
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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)
MrMiyagi wrote:By the way, just for kicks, I'm calling a bottom here. Green from here on forward (with minor bumps).
Why not, right?
Why not?
I missed the FE by 8 mins - fiddling around with the microphone before opening.
I don't have any money but I now know my built-in mic works better than the external.
good thing I have my priorities straight .....
arghhhhhhhhhhhhhhhhhhhhhh!
GLTA - I'm taking a nap
Educational only and not trading advice (EO&NTA) Good trading to all
AAPL - I bought 1/4 position at $526 and will add 1/4 more if it gets to $517 (May lows). I am debating where to put my stops, though. 14M shares in 3 hours of trading. I know it's opex week, but we're on pace for a heavy volume day. Washout? Who knows...
TraderGirl wrote:There is no doubt that is is a wave 3, but a wave 3 of what? two scenarios..wave 3 of C or wave 3 of (3)??
Support everyone is looking at is 61% at 1346...
That concerns me if EVERYONE is looking at the same level number thingie
Boss that usually means it’s crowded, no?
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
very small double bottom i see, so might be a rebound here, then we'll see. unlikely a bottom because the double bottom is too small.
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TraderGirl wrote:There is no doubt that is is a wave 3, but a wave 3 of what? two scenarios..wave 3 of C or wave 3 of (3)??
Support everyone is looking at is 61% at 1346...
That concerns me if EVERYONE is looking at the same level number thingie
Boss that usually means it’s crowded, no?
crowded.png
It's probably where a lot of stops are, so it either undercuts, or blows through on a fake out...
Edit: undercuts meaning...doesn't get there to that level...
Last edited by TraderGirl on Thu Nov 15, 2012 1:39 pm, edited 1 time in total.
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)
breakout, good, which invalidates all the downside target. tinted area the mini rebound target, let's see, if it could fulfill that to indicate that bulls are willing to more.
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