yup but still had some juice so I squeezed her for a bit more............lol out for day We will look at tomorrowâs numbers after the close market was fairly decent today, at least what I saw of it no real wild swings, who knows 1240 may be it for now but a break below, we start the S(^*()h*I t all over Joe Baker
yep, I indiscriminately covered my added (1842) NQ shorts - in keeping with my margin schedule. Oh well. But yeah, close short-term gains now. we could still tank into the close with one-half hour left. I still think it is a bear rally - and not much at that. Do you remember the 300 point YM jumps and the 70 point NQ jumps?!? gA
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Hi Joe, I really liked your commentary at the end. Very insightful and helpful about how this and markets generally act. gA
Looks like that was a double-bottom (?) in the pre-market off 1268 and again it proved itself as a pivot (?). Good intraday stuff, JB
Rising wedge? Do these resolve to the downside? gA Funny, I am looking at an ad that showed the same pattern we are seeing this morning. I googled it and sure enuf it is a bearish reversal. I just hope it doesn't take out my stop (breakout target). <i>"velly intellesting"</i> "bearish" pattern worked! (all in the time i could create a mini-BLOG)
Joe, Amazing how you come up with the daily pivots with such accuracy - fine crystal ball! Seriously, mind sharing the ins of how you workm out these levels. I am impressed. Keep up the good work, really beneficial. Cheers, Nash
Well Joe, I took a walk down to the corner to pick up some soda pop and cracker jacks and and to get away from the dam* computer and well I looked at my phone to see the market tank. So much for the bull rally (bear trap). Thank you Joe, I held onto my positions based upon a (so far) much better method of targeting stops - just outside the breakout range. Before I just closed at market if my margin % allocation required me to lessen exposure. Works fine, but more often than not it seemed the target I picked just outside of what appeared to me to be a range, was hit almost exactly at the reversal. I can't tell you how frustrating that is. I held my 2NQ in 4 accounts up to the highs and rode them all the way down - and am still holding per my strategy. Again you are helping me to "fine-tune" and thanks.gA