Amazing to see that the Midcaps have traded in almost the entirety of last week's range JUST today - MDY is off by just .02 on the low and .09 on the high....
Does feel like a bigger move is coming .... Was today, the end of Jan all over? I would say YES, IF SPX had made a lower low at a significant level - say 1350 (like 1300).... but the sip was bought so quickly...
Still lots of similarities to the last week in Jan before the employment report....
We are now on Day 75 without an hourly buy signal in the Midcaps - way beyond the previous record of 56 days - quite unbelievable!
it could be a hopeless bear flag. We are in the midst of a climax run and I don't think shorting here will be wise for a swing trade.
could, but I trust my indicators downmove soon...risk/reward setup here is quite good
The risk/reward is too good to be true I'll pass Good luck...
But you are right up move have better chances DOW need to close above 13.000 for marketing purposes
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)
My system has triggered a Buy for TNA based on today’s open. This setup has 86% win rate since inception of TNA (24/28 trades) . (Warning one of the 4 losses(circle) was from a Buy before last summer’s water fall decline;so this setup is not for faint of heart and demands risk management ).
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Above is provided for informational purposes only and shouldn't be considered an investment advice or recommendation to buy or sell anything.
Harapa wrote:My system has triggered a Buy for TNA based on today’s open. This setup has 86% win rate since inception of TNA (24/28 trades) . (Warning one of the 4 losses(circle) was from a Buy before last summer’s water fall decline;so this setup is not for faint of heart and demands risk management ).
I am on the other side of this one.
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Last edited by BullBear52x on Mon Feb 27, 2012 3:33 pm, edited 1 time in total.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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)
well my cycle chart says it is peaked. we see both bottom and peak today. it is extremely short on hourly chart.
i think it is not a perfect count, so i am not going to play big on it. just couple puts.
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The goal is not uniformity. It is understanding and idea exchange.
soku wrote:well my cycle chart says it is peaked. we see both bottom and peak today. it is extremely short on hourly chart.
i think it is not a perfect count, so i am not going to play big on it. just couple puts.
watch \ES 1366 do or die for bears.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Harapa wrote:My system has triggered a Buy for TNA based on today’s open. This setup has 86% win rate since inception of TNA (24/28 trades) . (Warning one of the 4 losses(circle) was from a Buy before last summer’s water fall decline;so this setup is not for faint of heart and demands risk management ).
I am on the other side of this one.
The return shown are for trade at next day open (this is the only option that my program gives for display), but I trade on the day of signal based on some other rules. I am already up 5% (entered at 59.10), thanks to good pushup. I know lot of folks are expecting a correction but I am not sure we are going to get one of a significant magnitude anytime soon Look at two charts I posted over the weekend.
Last edited by Harapa on Mon Feb 27, 2012 3:46 pm, edited 1 time in total.
Above is provided for informational purposes only and shouldn't be considered an investment advice or recommendation to buy or sell anything.
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)