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Re: 08/12/2019 Live Update
Posted: Mon Aug 12, 2019 3:19 pm
by Daniel
ccash04 wrote:Still have not seen it puke yet, think market can still be sold just have to be able to withstand some minor bounces.
What do you mean by "puke", ccash04? What is your Capitulation Meter (or meters)?
On the board here some like to track Rob Hanna's CBI...
Re: 08/12/2019 Live Update
Posted: Mon Aug 12, 2019 3:23 pm
by Daniel
Watching, watching.. SMH back above 110.. AAPL holding 200..
Re: 08/12/2019 Live Update
Posted: Mon Aug 12, 2019 3:24 pm
by ccash04
Daniel wrote:ccash04 wrote:Still have not seen it puke yet, think market can still be sold just have to be able to withstand some minor bounces.
What do you mean by "puke", ccash04? What is your Capitulation Meter (or meters)?
On the board here some like to track Rob Hanna's CBI...
Usually volume surge coupled with hourly RSI (5) below 10 and if outside of BBs (3 std devs) on the 10 min, usually a good time to buy for the snapback rallies. Nothing super concrete but when trying to play counter trend bounces, nothing is worse then buying and the rug getting pulled out on you.
Re: 08/12/2019 Live Update
Posted: Mon Aug 12, 2019 3:51 pm
by Cobra
Re: 08/12/2019 Live Update
Posted: Mon Aug 12, 2019 3:52 pm
by Cobra
guess that's it for today. here's what Tuesday looks like:
https://stockcharts.com/public/1684859/ ... /533449374
thank you guys, I'll see you in another thread soon.
before the close, please take a little time to vote for me, thanks:
https://stockcharts.com/public/1684859/ ... /533449374
Re: 08/12/2019 Live Update
Posted: Mon Aug 12, 2019 4:23 pm
by Daniel
Speaking of Rob Hanna, here is a new study. The conclusion is simple:
"Opex weeks in general are bullish. However, in recent years opex week in August has not shown the typical bullish tendency."
https://quantifiableedges.com/a-histori ... in-august/