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Dude, whatever happened to yr chaise lounge indicator?BullBear52x wrote:Here is the gaps, I will not call failed break out until we drop back below so far so good for the bulls, I see no reason to short with no hedge here. I am done today.
Last 11 years 2nd trading day of the year 7 gaps up and 4 gaps down. Gap up average 0.85%, Gap down average -0.24%. 7 closes in green, 7 closes in red. I don't like the percentages and have closed long...sitting cash now since I know the bulls will make 50 runs at today's high. If you are bear remember you have 30 seconds to close your positions. One thing that is interesting on the hourly chart a triple divergence appears to be setting up on the MACD 12,26,9 plus the hourly RSI and hourly Stoch are overbought. Not good percents for further gains for bulls.Petsamo wrote:It's looking like another gap up, fellas.
basis?Petsamo wrote:It's looking like another gap up, fellas.
I use stocharts.com now, I see lots of advantages, I can save my drawing longer than a month unlike TOS they wiped your notes and drawing once a month or so to redraw anything it's getting old. well, I still post my Fib fan and fib stuff on TOS.Al_Dente wrote:Dude, whatever happened to yr chaise lounge indicator?BullBear52x wrote:Here is the gaps, I will not call failed break out until we drop back below so far so good for the bulls, I see no reason to short with no hedge here. I am done today.
Now that yr on stockcharts you’ve forgotten all yr old favorites, heiniken hibachi etc
http://www.youtube.com/watch?v=Tth-8wA3 ... re=related
more chop, even my “stable” new tick guideline is chopping around today
1min http://stockcharts.com/h-sc/ui?s=SPY&p= ... listNum=15
VIX only bothers me when she “crimps”jarbo456 wrote:basis?Petsamo wrote:It's looking like another gap up, fellas.
vix is really bothering me today.
Hope your're right, the folks that were not long over the holiday may jump inPetsamo wrote:It's looking like another gap up, fellas.
I think that might be the bait.proteus46 wrote:Hope your're right, the folks that were not long over the holiday may jump inPetsamo wrote:It's looking like another gap up, fellas.
IWM, MDY(mid-cap) close < open, weaker than major indicies.BullBear52x wrote:Here is the gaps, I will not call failed break out until we drop back below so far so good for the bulls, I see no reason to short with no hedge here. I am done today.
Not me, thanks.proteus46 wrote:Hope your're right, the folks that were not long over the holiday may jump inPetsamo wrote:It's looking like another gap up, fellas.
ETFs of China, India, Japan, Turkey, Brazil, etc are sitting high. Personally, I'd like a gap down.jarbo456 wrote:basis?Petsamo wrote:It's looking like another gap up, fellas.
vix is really bothering me today.
this guy already got stopped out of his /CL position...if he had any stops on it.trendfollower wrote:Interesting and relevant video in light of what is happening in the markets.
http://goo.gl/eaNQu