uempel wrote:Dr. F's worm suggests next support is 1830ish - same figure is shown by several other charts of mine.
ok boss now I glance backward and see if the worm likes to HOLD at the 50ma centerline or breakdown there
It’s a toss up
Holding STICKY at the centerline auto-triggers the next up target about 1862 (top of the green zone)
Breakdown auto-triggers the bottom of the green zone near 1795-ish
Just checking to see if we read it the same way; I think we do [?]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Follow up on worm post:
Boss also note the %B at the top panel, I said “it doesn’t absolutely have to top out”
Had we been picking our noses waiting for that one to top out we would have missed the move
Bottom line: the worm does what the worm wants to do……. which may or may not be what we expect or anticipate…..
U crack me up
ps: drinks tonight at Toto ?
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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SPY .............: Bachnut, Al spaghetti, as for Auole I am just disgusted with schizo PMetals charts. Bear napping after big meal yesterday. ...IMmostHO we're headed at least to channel bottom, eventually, anyone pro sanctions to big bear and allies going short here?
Boss which pm u love/hate?
I’m getting another top on MFI which usually works on 60m GDX for quickie tops
Plus the DAILY candle wants to close RED (not on this chart) which I don’t like
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Wright, I hear you. Am in same limited intraday fed controlled trading. So, I must wait for higher probability min. 2-day trade. Rough in this market. and no stops; either I've chosen wisely or foolishly and just get out accordingly.
For entertainment, here's another possible way to get some feel for what might happen. many megaphones: price might go back up to test middle of this latest top's megaphone - orange long rectangle around 1575 /ES. Next longer orange rectangle is middle of biggest megaphone. Counts are as you can see basic wolfewave 1-5ers; thus this classic #5 and sell will stop where it stops. comprende no comprende¿
Is there anyone care about gold?I find that GLD was open at a very interesting place today.
I think it's a good place for short,but just for a try with a micro MGC position,because DumbMoney don't have too much money,lol~