"C Up" This Afternoon?

Discussion in 'Strategy Development' started by PoundTheRock, Feb 25, 2003.

  1. If any of you follow Mark Fisher (he wrote the Logical Trader), an "A Down" pattern formed this morning, and a "C Up" this afternoon. Historically a rare pattern, it usually leads to a big last-hour move to the upside. Should be interesting...
     
  2. Sweet! :cool:
     
  3. gary

    gary

    Nice call.
     
  4. Good thing I held my long positions, even though at times this morning I felt like throwing up :p
     
  5. Momento

    Momento

    Very interesting call.
    From a retropect, it makes even more sense!

    Thanks for sharing.
     
  6. What is a A or C pattern ?

    As for me as usual on my model the rally zone was at the local minima on my chart today @ 7774 after consolidation on scale 2 (as explained on other posts). Normally I can even predict in advance that kind of pattern before it occurs (for example the W with left leg at 7818 and the pic at 7833) I have to do a test program for finding the days to check.


    <IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=209626>
     
  7. onelot

    onelot

    harry,

    tomorrow click on chat, enter chat room, and tell us what you see en vivo...

    or... do what Pound did.

    show us the star you say are

    btw, pound, very nice call

    onelot
     
  8. It is displayed on my site several hours in advance market's opening (I already said it it is towards 7:30 Paris or 1:30 AM New York). Sorry I don't chat when I trade I am concentrated during that phase. Except if you are a newbie chat room is not the best way to trade, that's my opinion it cannot be yours but that's opinion of many that chat room is just distractions. So I come here just for entertainment and brainstorming.

    As for the rule it is disclosed and what I post today is just a school case illustrated by the guide's rule, I don't need to copy and paste each time in a chat room. For those who hasn't already seen it:

    <IMG SRC="http://www.elitetrader.com/vb/attachment.php?s=&postid=209740">



     
  9. onelot

    onelot

    that's kind of the purpose of the chat room...

    i agree though it can be distracting, especially during the doldrums... it distracts me from being bored out of my mind.

    what's the address of your site?

    onelot