Discussion in 'Journals' started by Buy1Sell2, Dec 23, 2016.
I don't agree with this. All times frames look to be trending up save the hourly.
120,90,60,30, the 240 is rounding for a pullback, do you want anymore? Pitcher in pour mode, I'm referring to the Bollinger Bands
Just because we are pitching south doesn't mean the end is near.
120 , 90 and 30 are too much information and can be discarded poste-haste. The 240 that you mention has pulled back but is still in upward mode as are daily, weekly, monthly.
to then get whipsawed out before the close. Bye have a good weekend.
yeah, the weekly and monthly aren't for everyone, just to much information. The details support my view. As you have said in the Past, this is why they call it a market.
The 240mn is rounding for a pullback, weekends provide time for reassessment, the news could be kicked aside and the markets continue to climb the wall of worry.
The 240 has already pulled back and is poised to go higher. Could the 240 pull back further?----certainly.
Yes but the 240 is a compilation of price data that comes from smaller time frames. It all starts with the tick and works its way up and a mixed close on the 240 is nil if not supported by buyers.
can be a false positive, but yes it can go up?
I disagree with your analysis. To me , the 240 is in an uptrend and pullbacks should be bought.
You can, but I never said that the trend has ended. I don't own a crystal ball
With that very low range. There would have been no survivors. Both calls and puts. Time decay would have ripped through everything.
Any option buyers heart would have skipped a beat when they saw that pattern.
Separate names with a comma.