2 bar reversal, the next bar is key, must be green in order to be bull friendly. come on, I want to dump something, will you give me the chance please.
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BullBear52x wrote:Here is the proper rookie way to trade XIV this time. No Projection target but VIXies are not cheap, the pay outs are good.
You are saying first it will rebound to 20.67 before it roll over? Thx.
Neither, I'd like to see a bounce first but if it's not chase under today LOD. any ways wait for next time RSI as I shown on the last chart there to hit >70 is always a safer bet.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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well, guess that's it for today. check http://www.cobrasmarketview.com top right side, the trader's calendar for tomorrow's seasonality. thank you guys, I'll see you tomorrow.
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Any turn dates coming up. I know we recently had a new moon but that did not put a dent into this run-up.
Miyagi: Any new P-bars. Also can u see if there are any (bullish) P-bars on XLE, OIH, etc.? (oil-patch).
18th is a strong turn day +/-....also uempel has a big turn next Tues...Monday closed...
Also, if you could take a peek at the daily chart for F (Ford Motor Co.) -- it looks a bit toppy !!
In a resistance zone...was looking for a market pullback into possibly end of Feb/early March....so on the daily looks like it could end here or pullback and one more attempt for some negative divergences to develop, but hourly looks like a pullback could be coming...
TraderGirl wrote:This kind of price action on XIV a the end of the day usually indicates a gap down next day....
Yes agree and thx for chart btw,........early bird worked again despite of nice up day she is in profit
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)
TraderGirl wrote:This kind of price action on XIV a the end of the day usually indicates a gap down next day....
Yes agree and thx for chart btw,........early bird worked again despite of nice up day she is in profit
early bird or second mouse? you tell me? have a good one all,
Jeez they are both dead?
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)