Ok this one doesn't need to be busted but this is getting really ridiculas now. 50 ticks in 5 seconds. I'm short from the open but couldn't get off fast enough this time.
10299 Close today ? If we close below 10300 YM it will engulf that wick from yesterdays nonsense. I have a good feeling it may just do that. Bundlemaker - Not that I'm predicting or anything
samson you are short YM from the open? ! what made you think there would not be any attempt to bounce ?
You my be onto something, its called painting the chart, with a hammer candle, or some reversal candlestick, it brings in bids after a couple of nasty days, It is friday with less than 2 hours to trade.
1. VOLUME. 2. Candle/wave structure 3. Internal support level breaches (everywhere) 4. Indicator analysis 5. Volitility levels 6. Negative Report etc etc.. 10356 trailing stop now and I will call it a day if breached.
Did I say hypocrite earlier? This place never changes. Logic had some unique ideas he was chastised for just like everyone else with unusual ideas. Big deal. Under the rules of ET then, anyone that names themselves "cornhole" must be a gay redneck from Kentucky in disguise right? Grab the rope!! There are Dow Theory sites all over the net. Charles Dow was an impressive man way ahead of his time. When does the narrowmindedness of the posters on this site cease?
What's your point I use Dow theory everyday? Along with every other releavent tool that, that particular market enviroment may require. We never chastized prof for his techniques we exposed him for his arrogance and failure to trade.