Al_Dente wrote:Momo momentum is getting very weak at this high
And spy might say:
“who the shite cares”
My P&L (equities) cares it hit low of day as market hits highs. That's usually enough to have me start scaling out.
ok boss thanks, trin just agreed with you
but she is the ULTIMATE intraday-honey-badger
(she might even flip back b4 I can even get this posted)
yup
oy
GL2u
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente wrote:Momo momentum is getting very weak at this high
And spy might say:
“who the shite cares”
My P&L (equities) cares it hit low of day as market hits highs. That's usually enough to have me start scaling out.
ok boss thanks, trin just agreed with you
but she is the ULTIMATE intraday-honey-badger
(she might even flip back b4 I can even get this posted)
yup
oy
GL2u
212trin.png
I find my P&L is the ultimate arbitrator of rightness I can't pay my mortgage on TRIN. Well I could try, not sure my wife would appreciate the humor though. If My P&L is creeping lower as the broad market is creeping higher, I'm wrong one way or the other and need to see if the P&L is forecasting or if i'm just in lousy names (entirely possible & highly probable)
G/L
newbie question, why do you use the volume from RSP? Do you think it represents the whole market better since it is equal-weight?
My broker's RSP volume data seems differ quite a bit from your stockcharts data and does not seem to be accurate(fidelity, maybe bats data), any clue why?
The attached picture is 2day 5 min chart for RSP from fidelity.
Cobra wrote:some PM me asking for exact target. here's the some numbers.
this pullback may have small legs. the green line below usually this the pullback target. (I don't mean it will pullback there, I just mean usually the target is the previous high that is taken out)
Attachments
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loveleo wrote:newbie question, why do you use the volume from RSP? Do you think it represents the whole market better since it is equal-weight?
My broker's RSP volume data seems differ quite a bit from your stockcharts data and does not seem to be accurate(fidelity, maybe bats data), any clue why?
The attached picture is 2day 5 min chart for RSP from fidelity.
Cobra wrote:some PM me asking for exact target. here's the some numbers.
The volume is SPY's volume, not RSP volume, I just put RSP and SPY volume together to save spaces.
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