The ACD Method

We have a huge bull flag here in the ES at the monthly A up. We have 5 days in a row sitting at this level. Fisher always use to say, the market doesn't give you this long to sell it. If we break out from here, this move could be violent to the upside.

 

Here is AAPL's monthly chart. Folks, this chart does not look like the market is about to roll over.

 

Here is the NQ chart. It's already confirmed an A up.

 

Here is GOOG breaking out and about to make a new 52 week high.

 

Sectors that have already confirmed monthly A ups are SOXX, XHB, XLE and XLY.

 

Is it August?

 

AAPL? GOOG? Anyone? Bueller?

 

yep you got it going higher!

 

AOl? WTF?

http://finviz.com/quote.ashx?t=AOL&ty=c&ta=0&p=w&b=1

 

Can we talk a little about the time factor that Fisher stresses. Do you ever take signals/confirm your bias even if the instrument doesn't spend enough time at the level.

Giving an example will make this easier, lets say you're day trading a stock, using a OR of 20 minutes, your A up level is 100. The stock reaches the level and spends the first 5 minutes above ut, and the next 5 minutes its trading between 99.96-100 in your book do we have a confirmed A up?