42 replies to this topic

[TechMan]

Arbman, you have a nice weekend.

Back out? I was just making a general comment about "the odds", but you're insisting on proving your success. I've asked for your tax returns to be sent to a third party for verification, and that's still the case. I'm not backing out or changing anything.

Unless you're going through with your promise, there's nothing more to talk about. Let me know when you're serious about providing me with your tax returns. Otherwise, I think this is the appropriate time to end this part of the thread.

[TechMan]

Something about the momentum from one game (trading session) to the next.

Based on the Rockets' victory over the Clippers from down 3 games to 1 in the Western Conference Semi and the 2 close games that they could've won against the best team in the league in the Conference Final, Houston was Vegas favorite to win game 3 at home against the Warriors.

So, with all that "momentum", the Rockets went on to lose game 3 by 35 points on Saturday. The curse of Lil B. :=)

BTW, Floyd Mayweather had won $200,000 betting against "the Odds".

Game 4 tonight. GO WARRIORS!!!

Edited by TechMan, 25 May 2015 - 12:22 PM.

[TechMan]

Waning momentum (red curve) has now plunged into the negative territory. But it's really close to the oversold level. A bounce may be imminent unless AAPL continues to drag the market down. AAPL is currently down 2.17% with volume 2.5 times of QQQ.

I'd like to see a bounce to re-load.

We may see a ST "long squeeze" on Tuesday and/or Wednesday due to volume/volatility compression along with waning momentum.

Except for AAPL, the one that really matters, some of the top components of QQQ has exhibited similar CLV Index pattern (red curve) as FB, which should continue its downturn after this. But, things could always change in a hurry.

Edited by TechMan, 26 May 2015 - 01:25 PM.