01/21/2016 Live Update

[Wallstreetrader]

take mine

[BullBear52x]

road map (bullish view from yesterday)

[DellGriffith]

I never understood Uempel's oval methodology. When I look at his charts I see some ovals, but I could potential draw ovals all over the place. Why he picks the ovals he does is a mystery so I kinda ignore his charts.

[MrMiyagi]

spy

qqq

[DellGriffith]

When I say "there is around a 90% chance that the low of a correction is on the same day of a volume spike." I think that's perfectly clear. That can be checked and understood. If we hit the roughly 10% of the time where they don't line up, that's life. But I don't understand Uempel's ovals. I don't know what to make of it. I could draw ovals correcting all kinds of price points. I'm not saying he's a bad trader, I simply don't understand what he does.

[Wallstreetrader]

kiss and goodbye ?

[ALdaytrade]

I never understood Uempel's oval methodology. When I look at his charts I see some ovals, but I could potential draw ovals all over the place. Why he picks the ovals he does is a mystery so I kinda ignore his charts.

You know he can read your comments, right?

[ALdaytrade]

Next week is bear astro wise....don't know if we get another leg down???

Great charts, TraderGirl!

Good to see you back and posting!

[MrMiyagi]

That was a pretty pathetic Bull, dropped like a stone.

[DellGriffith]

I never understood Uempel's oval methodology. When I look at his charts I see some ovals, but I could potential draw ovals all over the place. Why he picks the ovals he does is a mystery so I kinda ignore his charts.

You know he can read your comments, right?

sigh. I'm not mad at uempel or want him to stop posting his charts. im just saying i dont understand his ovals at all. he said hes been posting them for a week, so i thought id mention my thoughts.

[fehro]

VIX testing break down.. SPX morning chart update 5m invs H&S red triangle.. fwiw

[Cobra]

this is not suppose to happen if THE low was in yesterday.

[BullBear52x]

I never understood Uempel's oval methodology. When I look at his charts I see some ovals, but I could potential draw ovals all over the place. Why he picks the ovals he does is a mystery so I kinda ignore his charts.

You know he can read your comments, right?

sigh. I'm not mad at uempel or want him to stop posting his charts. im just saying i dont understand his ovals at all. he said hes been posting them for a week, so i thought id mention my thoughts.

It's like any predictive method/system.

He said expected big move today, the question is what is big? >1% 2% 3% or what is classify as big.

and most of any predictive system there is revision to follow like it could be off few hours or few days.

bottom line if you trust it enough you will have to blindly put your money on it and wait for the outcome and pray that it will come true. if you don't have that mentality it's not for you. also keep in mind if anyone said they know what market will bring tomorrow most likely they have a rabbit hat.

[josephli]

I never understood Uempel's oval methodology. When I look at his charts I see some ovals, but I could potential draw ovals all over the place. Why he picks the ovals he does is a mystery so I kinda ignore his charts.

You know he can read your comments, right?

sigh. I'm not mad at uempel or want him to stop posting his charts. im just saying i dont understand his ovals at all. he said hes been posting them for a week, so i thought id mention my thoughts.

Gann?

[Out of Bounds]

also keep in mind if anyone said they know what market will bring tomorrow most likely they have a rabbit hat.

[BullBear52x]

Stress free, as expected so far, will it breakout as expected? will have wait and see, but next short term dip will be bought, come2papa buy or hedge shorts lots.

[Wallstreetrader]

...

[MrMiyagi]

this is not suppose to happen if THE low was in yesterday.

I guess the low was not in then, unless that's what Janet wants everyone to think and miss the rally back to 2,000.....?

[BullBear52x]

Quote of the day

[uempel]

brokebybernacke2, there are ellipses in many sizes and in all kinds of configurations.

The trick is to play around until they really "fit". Very time consuming.

Here some smaller ellipses on a 60 min chart. My favorite chart at the moment. Only if SPX breaks higher into blue channel and out of small black (dashed) channel do ES long positions make sense. Longs after the breakthrough have better odds than when SPX is still hovering beneath the blue channel. Patience.

I need a beer. I'm off for today.