The Intraday US Stock Market Discussion Board
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If you are 1 step ahead of everyone they will follow you.FlowerGirl wrote:Projections?
"Notice how all recent down moves (small and large) have followed similar rate of decent ."
Check my previous posts to appreciate the accuracy of this statement.
"Expect some resistance at the next purple diagonal. If SPY clears it, Team Green is in charge"
Does this sound like a projection and how accurate it was. Didn't price stall here? This statement was posted before price stalled at this level
Can you read between the lines? Wasn't this posted before a move. Do you see a projection here?
"Yellow channel may explain the lack luster performance of Team green."
If none of the above sounds like a projection here is one without a contest:
Probability of Green Team making to Green box following yellow channel is much higher than Team Red pushing the price down the purple.Rationale behind the conclusion is on the chart, you just need to appreciate it.
The Dow got that small leg up (to arrow), then turned down as indicated was the potential...TraderGirl wrote:
Well, we could use another leg down...hopefully comes tomorrow...would like to see price fall beginning today...???
Perhaps there is only a small leg up left??
BullBear52x wrote:cash is in the zone, wait for RSI > 30 will trigger my buy.
this is intraday, NO shorting intraday, but wait for a dip buying for new entry, a good rebound from here will still form a bullish hammer candle for daily. but this buy is not for overnight holding intraday trade only.flrtrader wrote:BullBear52x wrote:cash is in the zone, wait for RSI > 30 will trigger my buy.
Would this indicate a short ON hold in your opinion?
BullBear52x wrote:this is intraday, NO shorting intraday, but wait for a dip buying for new entry, a good rebound from here will still form a bullish hammer candle for daily. but this buy is not for overnight holding intraday trade only.flrtrader wrote:BullBear52x wrote:cash is in the zone, wait for RSI > 30 will trigger my buy.
Would this indicate a short ON hold in your opinion?
Al you remind me of a link I just saw: "How to Write with Style" by Kurt Vonnegut. Sort of a tangent off your thinking but I breeze through a lot of blogs what can I say.Al_Dente wrote:Oy, grown-ups are taken seriously when they provide supporting evidence like charts and/or links
For example 12:50 ET the volume-ratio breaks to bear, posted with chart shortly thereafter
The volume ratio has still NOT recovered, still bear posture at the moment
etc
“Graham's Hierarchy"
Two time frames, one is overnight shorting see my blog on Mid to Long term setup entry.flrtrader wrote:BullBear52x wrote:this is intraday, NO shorting intraday, but wait for a dip buying for new entry, a good rebound from here will still form a bullish hammer candle for daily. but this buy is not for overnight holding intraday trade only.flrtrader wrote:BullBear52x wrote:cash is in the zone, wait for RSI > 30 will trigger my buy.
Would this indicate a short ON hold in your opinion?
OK, Understood, But did you not say earlier you got an hourly sell which DID transfer to ON hold short? Or am I just misunderstanding
Thanks