Going to short if it fails at existing HOD, 942.75 8 lots total, on the way down from 943/945 2 @ 941 3 @ 939 3 @ 937
blackguards Main Trading Syetem signals a short here 933 Cash Auxilary System signals same 910 preliminary target.Once we get there will evaluate.
Seems we are having a turnaround Tuesday, if so market will sell into Friday's job report. Edit: still need a little patient. Long or short, it's a minefield out there, $TICK jumping all over.
Blackguard is a member of the old school who "regally" called the bottom ever since the day the Dow was trading at 14,000. Everyone used him as a contrary indicator. Of course, not many of them are in existance anymore. On second thought, I think people quit posting once Regal/Blackguard blew up his account.
By the way the NDX had an upside down dragon pattern today, which is in plain English a failed double top, where there is a very shortable 3rd higher high: Height: 1. top to height = 18 pts = (almost) Failure point to 3. top = 15 pts
Just saw bguards target (same as mine) and wanted to assert that I am not, nor have no affiliation with that poster. However bad my reputation is, I do not want it sullied any further. Thank you.
Haha, I had the same mindset: "I am short this damn market! What? Blackguard is short? Damn, what have I done!" I still think we're going lower in the near term, but these 2 last days sure worked with my nerves...