It's just such "not a surprise" when we make these highs on the jobs report.
Definition of bizness as usual...
14 replies to this topic
#11
SemiBizz
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Volume Dynamics Specialist
Posted 06 January 2017 - 12:43 PM
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#12
Iblayz
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Posted 06 January 2017 - 09:50 PM
While anything can happen today, or even next week, it is my opinion that we will now go up (on balance) until January 25th. I find it interesting that my first two targets for highs (the 21st and January 5th) were actually lower highs but not by much. So it is possible that the next one plays out the same. We shall see. But, in my opinion again, the highs are not yet in.
It would not surprise me at all to see a tradeable high on either January 13th or January 15th with a lower high on the 25th. (Watching close. I could see a possibility of February 7th minimum with a possible run into March 1st........but I seriously doubt the alternate paying out.)
#13
Iblayz
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Posted 06 January 2017 - 10:00 PM
Make that January 13th or January 16th. It would be kinda hard for the market to make a high on the 15th.
#14
Iblayz
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Posted 09 January 2017 - 11:50 AM
It would not surprise me at all to see a tradeable high on either January 13th or January 15th with a lower high on the 25th. (Watching close. I could see a possibility of February 7th minimum with a possible run into March 1st........but I seriously doubt the alternate paying out.)
Make that January 13th or January 16th. It would be kinda hard for the market to make a high on the 15th.
Did some further review this morning while it bounces around. I will modify the expectation for a tradeable high until January 17th. (And a lower high.....maybe the end of a first bounce.....on the 25th.)
#15
Iblayz
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Posted 09 January 2017 - 12:26 PM
Wow. Keep correcting myself. I see that the 16th is a market holiday. So let's make that top for the 18th. Hopefully this is the end of my corrections.
