Guys do not even start. It's another BS call that WILL be somewhat right since it is so vague, Don't feed him.
I take past 2 hours of price action and treat it as a separate entity. Then I use TA to see If price is overbought , like on Friday IMO, and then I try to find where reversal might occur. You can use any cycle method, triangles are the simplest one IMO. 9:50 is my time for Monday, but because of capture of Sadaam it might reverse later so I will use 9:50 price level as a selling level instead( if there is a big gap on opening ). To make it clear for everybody, Sell 9:50 -55 price level . Nice day for fishing , have a fun . Thanks, Walter
Based on my years of experience, I anticipate the DOW will go down, too. I also anticipate the DOW will go up at a different time than when it goes down. But in order to protect my trading methods, I cannot disclose specific times or point movements to others. Good Trading! Cash
1 min chart shows 9:49 as a minor top and there was a couple points to be made on downside. Reason for this post was to show that pure TA works even if used in unorthodox way .
the INDU RALLIED at 9:50 according to my 1 minute, 2 minute charts. Are you on crack? How can you afford crack and not your own website? The market rallied at 9:50, what worked? The only thing that worked was everyones opinion of you.
Walther you owe me dollars ! I sold at 9:50 am on your recommendation! Check your PM to see where to send your check.