The Intraday US Stock Market Discussion Board
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no I don't have statistics saying FOMC might be the pivot day. I only know it's bullish.newbie_77 wrote:cobra,
are FOMC days considered trend changing days i.e. till yesterday we were in a down channel. and then today on FOMC we turned green so more upside?
Cobra,Cobra wrote:here, let me explain why the chart looks a little bearish biased to me.
1st, it's still bear flag.
2nd, I see 3 push up and each push up are overlapping.
so i see the current up as the final revisit the day's high before the actual rollover.
of course things can change, especially if we see breakout decisively, but for now it's how I see the chart.
Cobra: thanks for visual clarification. pic means thou$and word$.Cobra wrote:here, let me explain why the chart looks a little bearish biased to me.
1st, it's still bear flag.
2nd, I see 3 push up and each push up are overlapping.
so i see the current up as the final revisit the day's high before the actual rollover.
of course things can change, especially if we see breakout decisively, but for now it's how I see the chart.
sharply rise is the fastest way to eliminate the flag.pidge66 wrote:Cobra,Cobra wrote:here, let me explain why the chart looks a little bearish biased to me.
1st, it's still bear flag.
2nd, I see 3 push up and each push up are overlapping.
so i see the current up as the final revisit the day's high before the actual rollover.
of course things can change, especially if we see breakout decisively, but for now it's how I see the chart.
In your opinion, when does a bear flag ceases to be a bear flag? 4 push ups? Greater than 50% retracement? Exceeding certain time span?
Thanks!Cobra wrote:
sharply rise is the fastest way to eliminate the flag.
rise too large is another way.
there's no fixed rule. all depend on experiences.
Old man listen to REM?Al_Dente wrote:And now we know why nyadv held so persistently above >2200 thru the correction…. Let’s see what holds/breaks into the close
http://stockcharts.com/h-sc/ui?s=$NYDEC ... =246211365
http://www.youtube.com/watch?v=if-UzXIQ ... re=related
Dude, who u callin old?BullBear52x wrote:Old man listen to REM?Al_Dente wrote:And now we know why nyadv held so persistently above >2200 thru the correction…. Let’s see what holds/breaks into the close http://stockcharts.com/h-sc/ui?s=$NYDEC ... =246211365
http://www.youtube.com/watch?v=if-UzXIQ ... re=related
ah ha Beyonce got lots of energy that's all I got to say.Al_Dente wrote:Dude, who u callin old?BullBear52x wrote:Old man listen to REM?Al_Dente wrote:And now we know why nyadv held so persistently above >2200 thru the correction…. Let’s see what holds/breaks into the close http://stockcharts.com/h-sc/ui?s=$NYDEC ... =246211365
http://www.youtube.com/watch?v=if-UzXIQ ... re=related
http://www.youtube.com/watch?v=KeY1cXY_xn0
come to papaHow do you determine your yellow lines?BullBear52x wrote:If we closed above my yellow line here I'll be in cash tonight.
intraday support/resistance based on moving average of 200ma 1min.DRL wrote:How do you determine your yellow lines?BullBear52x wrote:If we closed above my yellow line here I'll be in cash tonight.
this is a great call! Thank you so much!Cobra wrote:double bottom target reached.
a strong close today would make me bearish. looks like it's not so. not fun.jarbo456 wrote:cobra, is your bearish bias extending into tomorrow barring a ridiculous runup breakout of the bear flag?
