INTERNALS
Intraday bears come out of hibernation
(I don’t trust those lazy bears.
In the last two months, the bulls have only allowed the bears two contiguous AD days down before btfd… only one of those instances shown here)
Last edited by Al_Dente on Tue Jan 16, 2018 3:48 pm, edited 1 time in total.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
rebound shall have legs. bears still cannot have a completely downtrend day.
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magic Number trading as we bounce between S3 and S4. When I first got an app that would put the pivots on the chart I thought it was ridiculous to have stuff like 3 and 4 level pivots be]cause they were never hit in my experience.
This is the roughly 40 point gap up and drop in December. You can see the RSI dropping under 30 and buying coming in. Also you can see the RSI Vix Fix going over 3 and then dropping back down to signal a buy. Larry Williams said you can use Vix Fix on any price chart that has volume.
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