I see Triangle here, so the bias is up, especially RSP.
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CMT wrote:Elliot Prechter just initiated a max leverage short position on S&P, but has his stop is 1360... way to much room for me.
I only hope for a little pull back, so, Prechter think this is a start of a W3 down? I will see how mid BB support react after a pull back.
He does, but I've been stopped out on Minor 2 up twice now so I'll wait and stop front running for now as 3 down will have plenty to spare for a late entry!
Thanks, I take what I can out of the table and re-short intraday, the only gap up that can trap me, wasted a little time like today but I'll be ahead again if today's gap filled in a day or two. I expect a pull back to about +1 sd max is at mid BB. one day at a time until the over bought condition stable.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Signal indicates a move at 13:00 pm. Note that these kind of signals are "blind" - ellipses don't show the direction of the move. For direction check e.g. Al's charts..
hmm, indeed the morning OR breakout failed. now let's see the downside target. Nowadays the OR simply doesn't work on the first place.
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volume surge plus biggest bar, so I think a rebound of some kind here first.
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CMT wrote:Elliot Prechter just initiated a max leverage short position on S&P, but has his stop is 1360... way to much room for me.
...I only hope for a little pull back, so, Prechter think this is a start of a W3 down? I will see how mid BB support react after a pull back.
...He does, but I've been stopped out on Minor 2 up twice now so I'll wait and stop front running for now as 3 down will have plenty to spare for a late entry!
...Thanks, I take what I can out of the table and re-short intraday, the only gap up that can trap me, wasted a little time like today but I'll be ahead again if today's gap filled in a day or two. I expect a pull back to about +1 sd max is at mid BB. one day at a time until the over bought condition stable.
On FA side of thing, well, the earning...Alcoa, Siemens, Phillips, junipers said a lot of the current state health of the economy, even warning in the sense and French have a GDP at 0 (zero) so no recession by definition but what are all this got to do with our day trading? this meant nothing to me but in my head I know QE3 can do a lot of good to trader not Joe the un-employ. here is what mater most
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My comments are for entertainment/educational purpose only. NOT a trade advice.
CMT wrote:Elliot Prechter just initiated a max leverage short position on S&P, but has his stop is 1360... way to much room for me.
...I only hope for a little pull back, so, Prechter think this is a start of a W3 down? I will see how mid BB support react after a pull back.
...He does, but I've been stopped out on Minor 2 up twice now so I'll wait and stop front running for now as 3 down will have plenty to spare for a late entry!
...Thanks, I take what I can out of the table and re-short intraday, the only gap up that can trap me, wasted a little time like today but I'll be ahead again if today's gap filled in a day or two. I expect a pull back to about +1 sd max is at mid BB. one day at a time until the over bought condition stable.
Hi Baron
Do you mean Bolinger centerline and standard deviation on DAILY or SIXTY MINUTES or another timeframe?
Yeowwwww, 1 min http://stockcharts.com/h-sc/ui?s=SPY&p= ... =250028427
yes,20BB daily 1 sd.
when I show 1h they are of the same equiv. 140BB