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02/05/2016 Live Update
Re:
Mr. M, It is a lower close based on Mr. BachNut's definition, does it now meet your definition of a M-shaped top? Thanks.
MrMiyagi wrote:No, it would at +2/-10 area, SPX possibly at 1855-1862. But of course that's just from previous prints. "They" can change this come Monday.josephli wrote:does that satisfy your M shape top?
Last edited by nikman on Sat Feb 06, 2016 12:19 am, edited 1 time in total.
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Out of Bounds
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Re: 02/05/2016 Live Update
No. The indicator is onlly good intraday (the way I have it configure). It was just very strange to see such a big drop nearing the close.nikman wrote:What does this imply? That we will have a bounce at least for the very next day? Like we did on 1/14 (after 1/13 low) and then again on 1/19 (after 1/15 Friday low). And of course on 1/21 (after 1/20 low) and 1/26 (after 1/25). This shakefest continues on...
Out of Bounds wrote:
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Re: 02/05/2016 Live Update
Day traders with leveraged positions were expecting a move to 1945 all this week, but bailed out when it did not come?
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