Re: 02/16/2016 Live Update
Posted: Tue Feb 16, 2016 2:49 pm
I heard YAHOO is bottoming, for me one more sell this rip then we can talk about trend change the old fashion way.
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But this is not 2001 nor is it 2008.uempel wrote:My view: the big players have enough strength to move the market. At the moment they want it higher. Many indicators show the pattern. How long will this last? This could go on for a few days, but in 2001 and 2008 these kind of rallies lasted many weeks. My info suggests this rally will cool down in the SPX 1920/1975 range (1975ish is the turning point if we take the rebound in 2001 as an analogue: SPX rallied gained 50 percent of the previous meltdown.)
ALdaytrade wrote:But this is not 2001 nor is it 2008.uempel wrote:My view: the big players have enough strength to move the market. At the moment they want it higher. Many indicators show the pattern. How long will this last? This could go on for a few days, but in 2001 and 2008 these kind of rallies lasted many weeks. My info suggests this rally will cool down in the SPX 1920/1975 range (1975ish is the turning point if we take the rebound in 2001 as an analogue: SPX rallied gained 50 percent of the previous meltdown.)
No, it's 2016. And the big boys who dominate the market have fed an algo into their computers. Most likely it's something very simple, e.g. 2001 or 2008.ALdaytrade wrote:But this is not 2001 nor is it 2008.uempel wrote:My view: the big players have enough strength to move the market. At the moment they want it higher. Many indicators show the pattern. How long will this last? This could go on for a few days, but in 2001 and 2008 these kind of rallies lasted many weeks. My info suggests this rally will cool down in the SPX 1920/1975 range (1975ish is the turning point if we take the rebound in 2001 as an analogue: SPX rallied gained 50 percent of the previous meltdown.)
fwiw don't like invs H&S slopping up.. prefer sloping down.. sloping up "usually" morph into rising bear wedges.. imhoBullBear52x wrote:another view of IHS
same deal with H&S in reverse. .if that makes sense…fehro wrote:fwiw don't like invs H&S slopping up.. prefer sloping down.. sloping up "usually" morph into rising bear wedges.. imhoBullBear52x wrote:another view of IHS
This is what makes trading fun, I use Horizontal line when it comes down to real money.fehro wrote:fwiw don't like invs H&S slopping up.. prefer sloping down.. sloping up "usually" morph into rising bear wedges.. imhoBullBear52x wrote:another view of IHS
.. but then you gotta be careful.. it's then too obvious .. hence why I like the sloping necklines fwiw.BullBear52x wrote:This is what makes trading fun, I use Horizontal line when it comes down to real money.fehro wrote:fwiw don't like invs H&S slopping up.. prefer sloping down.. sloping up "usually" morph into rising bear wedges.. imhoBullBear52x wrote:another view of IHS