You might be right brother... I've been anticipating a turn here but it's still a little early to call it for my taste. If market sells hard there will be a CRAZY run on gold as people pull their money out of equities and need a place to put it. Gold hasn't even started bubbling yet.
SP500 closed red for the day. Are you freaking kidding me with your stupidity ? Markets go up and down, they move in waves, so if a T day has a wave up you take your pompom out and go cheerleading. Stupid rule, price rules all, listen to NoDoji, even with 2 only years she schools long timers like you who insist on using stupid theories. PRICE PRICE PRICE!
Something is brewing. We shall trade 18's before we trade under 10. For the rest of the week I think we trade between 1107 and 1130+ on DEC.
i dunno, nex used to come in here whining and the next day we would drop, she's been here for a week, we may have a monster selloff
OK, prediction is coming, so listen, here is the play: We go back to 1110 cash to fill the gap and bounce from the SMA 9 line. We bounce a good 10+ pts or so from there, making a 2nd top, then continue the downmowe. The target of the downmove is between 1080-90 (cash again) or when the W%R hits -100 on the daily. From there we should go sideways in a 30 pts range for a good 2 weeks.... Sounds good??? P.S.: There is a chart pattern like this that occurs about 3-4 times a month, I just haven't named it yet... Edit: I have just realized that today was such a day, except the 2nd half of the day should have been narrower by 2 pts and more even and parallel. So if we are using today's 5 min chart as a guideline for the daily prediction, we are right now at 11:20, a small red candle, ready to drop down to the SMA 9. Can anybody see what I am talking about???
it's called market profile and it's been around for over 25 years,i think u have me on ignore so go ahead and talk about yourself some more, ignore this post,enlighten us