shorts are in for it today. fisrt Berdnanke, then Bush.When the president makes a speech like this, the market always, always rallies. just a thought
black folks own more homes under "bush". interest rates historic lows, employment best in 40 years and "he might throw a bone to us" or something like that...stock market hit highs under "bush"...stick with market comments please..this is not a political forum...
What "the Fed" does has always been critical to traders and their decision making process ... Less than a week back George, and everyone is hitting the ignore button. Too bad, they won't be able to see the good stuff because it's surrounded by so much sh*t. Jimmy Jam
... now back to trading. I honestly don't see too much upside in this chart, but we'll know in a few hours. JJ P.S. For anyone who cares, these are Camarilla Pivots.
...15 min chart and 2 hour chart are both showing bearish divergence on RSI ..... ... an explosion could change that possibly..... edit... well there was a small explosion at 830... must be bots going off
Just curious, as I've never really understood this...What is the appeal of non-standard, if you will, pivots? I mean, isn't the great value of the the pivot point, of r1, s1, etc., the fact that everyone is watching these levels. If one uses a non-traditional calculation, doesn't one lose this benefit? Not intending to be argumentative here, just trying to understand. What does the Camarilla pivot bring to the party? Thanks.
The formula for the Camarilla Pivots measures the expansion and contraction of the market. Most traders use them for Reversal/Breakout trades depending on what is happening with price action and whatever else they use (if anything) to measure market strength. JJ