Biggest hammer evAr today

hammar or no hammar, damage has been done for the short term, Unless we see a 3-4 day run up fast enuf starting monday, this hammar is meaning less. DOW ended up as many analysts suggested to jump in dividend paying blue-chips... nonetheless... when other indexes will bleed - so will DOW>

 

Epic Hammer take 2

 

When a green channel ends, a red one follows, and vice versa. So, from around July 25th you're looking for a red channel to form, and you're taking only short trades.

 

You have two red channels in a row in that pic. Were you wrong with those longs?

 

Think a little by yourself before asking for more information.

 

I know that any trading methodology that says "when X happens you're looking for longs" is not going to be any more profitable than random chance in the long run.

 

That's why there's more to profitable trading than just a trade method because entry/exit signals is just one chapter in the book.

Mark

 

Guys... I had confused a spinning top for a doji earlier. This time, it's for REAL!!!

 

I can't believe just a couple days after posting this we are hitting this target. I may have to calculate my next target lower. But for now this should stick. AH the market is imploding.....

 

The markets are in a full tailspin mode.

I am thinking maybe I should short tomorrow at the open.