in theory, doesn't that 1105 - 1110 area represent price rejection and, therefore, is considered to be support?
What's the deal with market profile? (since Ammo was kindly quoted) I thought that was some kind of program, anyway, I don't use it. And I didn't even talk about myself in that post idiot. By the way as BA earlier noted, similar thinking people come to the same conclusion, so if my prediction is similar than a program's so be it... Shash, one can't even trying to be helpful here.... :eek: ...and that's the reason why you are on my Ignore, your posts are neither productive nor entertaining.... Please do the same with me, oh, but you want to know the future!
in theory,the widest spots are where we spent the most time at on price or price area,when we move away from it say that 1100-1096 area,the sellers are left with a loss, so when we return to it ,they willl be happy to buy and scratch,that 1106-08 area is just like a gap on a bar chart and needs to get filled,ii dont know why it stops there but it does,at the moment we are stopping at the 1112-3 area,if we cant get below it,that means the leftover sellers that are now buyers outnumber the sellers and we bounce and go up to ???...this attempts to define buyers and sellers at pre traded prices
i do like your dragons, i just don't like sharing opinions with out data as we all have plenty of them ,and you did mention yourself saying you haven't named it yet,supply data and those watching can make their own conclusions...they may even add to your work and 2 or 3 heads can come up with a moneymaker, plenty of people on here supplying news, charts ,setups..it's all helpful..matter of fact i thought that was the purpose of this thread
I can't even remember who is on ignore in this thread. Probably another alias from cold, anyone with a "turder" in their name (stockturder, bindturder, turder-turder). But ammo, pekelo, volente, nodoji, nex, etc....all good input. Thanks for sharing what you are seeing. Sometimes another timeframe is all it takes.
Take one big monster IHS and add this into the equation and you get 1240+ by year end. "the S&P 500 has produced gains in 18 out of the last 19 midterm election cycles." http://money.cnn.com/2010/09/14/pf/midterm_elections_stocks.fortune/index.htm
Draw the lines for a textbook IHS failure. Even at 80%, very tasty. Where do you see the IHS failure level on SPX?
Where do you draw the line for break of the neck if you are short ? I think there are lots of stops above 1130 cash that can be triggered. Considering the neck is ~ 10-15 points above break even on the S&P, I don't think it is wise to bet against at statistic that has been right 94% of the time.
No, I meant where do you see the IHS to be considered a failure if a failure of the pattern is to occur? Reverse breakout? Break of r side shldr, 1/2 shoulder?