Ended up taking two girls home last night TZA and TVIX. Already out of TZA at 18.98 (low of the day ). Stop on TVIX just below gap support. You may laught at me, but I have a target of 21.20ish triangle breakout target was 20.50 which has been met.
Just don't hold over the weekend, you might get an ugly surprise come monday morning...market up....
Mels info: Bulls: 14 extreme ticks and bears: 5 extreme ticks. 77% pos ticks. $SPX Net Advancing is 215. Range is 5.94. We are at 89.4% of Range.
The NYSE Net Advancing is 541 and the down volume is 1.1 to one. The NASDAQ Net Adv is 571 and the up volume is 1.8 to one
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
SB73 wrote:Senor Al,
Ended up taking two girls home last night TZA and TVIX. Already out of TZA at 18.98 (low of the day ). Stop on TVIX just below gap support. You may laught at me, but I have a target of 21.20ish triangle breakout target was 20.50 which has been met.
AAII sentiment is out - bulls 42.7% and bears 25.6%
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
Ended up taking two girls home last night TZA and TVIX. Already out of TZA at 18.98 (low of the day ). Stop on TVIX just below gap support. You may laught at me, but I have a target of 21.20ish triangle breakout target was 20.50 which has been met.
Just don't hold over the weekend, you might get an ugly surprise come monday morning...market up....
What does this mean that Monday's always open green? Bring me some statistics please. My gut says they have been generally bullish since March 09, but what hasn't.
Cobra wrote:strong bull bar, bears in danger, let's see the next bar.
Cobra: does it look like right shoulder is forming?
well, sure, but I won't count on it.
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So far seems to me that is one of day when the drops will suck in the bears, then it will turn around turning up to sucker the bulls.
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
You know I am...it is still in the triangle, but this guy really wants to move up. Lets see if she can clear 5.40 and hold
5.42 is my break even
I got in too, nice base until the base is broken then I will bail. I am 5 pennies ahead so far LOL.
I wonder if it's gonna stay up there or retreat. It typically drops big first, rises big, then drops to where it was originally, as if those guys are just busting stop losses on both sides for profits.
Since we gap up by upbeat data today, do you think the "Bearish Island Reversal" scenario is still a possibility here? Or we need to wait for the next setup?
Thanks!
Last edited by FinancePhD on Thu Feb 16, 2012 11:53 am, edited 1 time in total.