The ACD Method

YW. Just riding mav coat tails.

 

ES just can't seem to hold below the weekly.

 

NFLX bounced off the weekly.

 

01-24-2012 pre open. So far one trade of failed c down. Long 98.32 out 98.74.

Correction: daily support should read 98.40-97.85

 

This market is very resilient.

 

Yeah, wasn't expecting to see the SPY peek it's head above that weekly again here. Wonder if it can hold...

 

Coco up 5% today.

 

It did. Honestly, right now this tape is solid. I'm looking to buy anything that's breaking out. As Dennis Gartman likes to say, you have two choices here, being long or being flat. Short is not an option.

 

I have been reading all this thread and I found it very informative!
Now I am trying to refine my understanding of ACD - I have a question regarding CL today:

The daily A-down level was 98.38 ... Crude traded for 8min under that level, then did pullback for 10min and came back under A-down level for 2min ... using 8:30-9:15 for OR, does this make it a valid A-down or is it a failed one?

Thanks in advance

 

FCX looking to break out. A up intra-day and it's through the pivot off a market failed weekly.