ADDED 3/4/2009: Hi Guys, Latest video is all about the break out trade, and questions we received. When do you take it? What should you look for? What type of risk will you be taking? Click on the link below to access this video: VIDEO LINK: http://puretick.com/video/dance/
Good God you really don't have a freaking clue on how to trade profitably. Here's a suggestion, stop doing the videos, the way you describe what you see on the charts gives away your inexperience. Too funny. Susana
It is confirmed by my cycle analysis and a well known option trader is shorting, that is a good confirmation. Thank You, for the video, they are great methods to use during opening bell. I sent out alerts threes week ago for a bear rally last week. Point it out last Friday March 06, 2009 It was funny hearing there responses that part of the fun of it, they were bashing me, cutting my post off. Now, they want me to start my own alert web site. Thank You, for all your contributions. You Guy are Great!
The volume is dropping off this morning showing sign of weakness at open. Is is still neg. at open on all the indicatorss, waiting for follow through selling 9:48, the bar pattern at open are non directional at this time. Like a triangle pattern leaning to the down side.
You should see a pull back at this top because the 5 waves completed and , so you look for a topping formation, meaning a retest of the top. It will pull back to complete the retest meaning 3 to 5 waves down or sideways This will be the 2 wave. starting this wave cycle again today. SP 500 1 up completed 2 up still in continuation I like a retest of the top 2 to 3 time to verify down move Like what happen on Friday on the 15 chart, short term pull back on 15 min chart. The two wave is the hardest wave to trade, so don,t feel bad just got stop out twice in a row for a 1/4 point!
It was a bust, that where the stop out came, 40 points is out of the question to much risk! SP 500 15 min range trade puretick The second one did work it broke the top after 11am, but this might not be valid with there system. Late in the morning session.
You don't answer question so, we have no other choose, also to test your system to see if it is worthy. If you want result stay tuned!