Seems every slight pause is a buying opp. these days. They will stop doing it if they burned one good time.
Relentless
#1
Posted 20 February 2017 - 06:23 PM
#2
Posted 20 February 2017 - 08:27 PM
Seems every slight pause is a buying opp. these days. They will stop doing it if they burned one good time.
The question then is...will "they" do it tomorrow or 250 SPX points from here?
Why worry about something you can't control?
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#3
Posted 20 February 2017 - 10:13 PM
Well I had a short signal and took it Friday close, so if it fails it would be
out of the ordinary. I don't get many signals either. These kind of moves are more
for jumping all in early and just holding, not for trading. Yeah you can buy the small dips
until they dump the market all of a sudden and hope you don't get caught in that.
#4
Posted 20 February 2017 - 10:30 PM
Seems every slight pause is a buying opp. these days. They will stop doing it if they burned one good time.
We should start moving down soon into the DCL this week, but they have been very shallow. We shall see how this one plays out.
http://stockcharts.c...229&a=507974379
I'm ST trading TNA and TZA...
Good trading next week.
http://stockcharts.c...833&a=504861178
I trade only extremes and just watch the rest. I position trade using VXF and GDXJ.
Edited by robo, 20 February 2017 - 10:34 PM.
" “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
#5
Posted 20 February 2017 - 10:46 PM
Relentless
You mean the bearishness on this board in the face of rising prices ? LOL !
Yes, the market will drop some day, when the perma-bear, chicken-little crowd will throw in the towel.
#6
Posted 20 February 2017 - 10:52 PM
I prefer daily sideways chop for trading, I'm not a trend trader, there is only one safe spot to jump in, right at the breakout point.
#7
Posted 21 February 2017 - 08:23 AM
there will be sizable correction starting this week and going into middle of March. IMHO.
#8
Posted 21 February 2017 - 09:34 AM
there will be sizable correction starting this week and going into middle of March. IMHO.
Not likely, but opinions are always appreciated in an effort to gauge sentiment.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#9
Posted 21 February 2017 - 10:09 AM
there will be sizable correction starting this week and going into middle of March. IMHO.
The DCLs have been very weak, so I don't know about sizable. Do you use Cycles, EW, TA, or some other system to make a call like that.
I think we are on day 36 so we still some room to run higher.... Another new high for IWM this morning (140.29 and still moving up), so the trend remains up.
Waiting to trade TZA again as we move into the DCL. I'll trade TNA coming out of the DCL ( whenever that happens). I can only trade what I see and the trend remains up for now.
Good trading.
http://stockcharts.c...377&a=507974379
http://stockcharts.c...921&a=506994308
http://stockcharts.c...833&a=504861178
http://stockcharts.c...744&a=505893099
Edited by robo, 21 February 2017 - 10:15 AM.
" “There is only one side to the stock market; and it is not the bull side or the bear side, but the right side” Jesse L. Livermore
#10
Posted 21 February 2017 - 10:29 AM
there will be sizable correction starting this week and going into middle of March. IMHO.
The DCLs have been very weak, so I don't know about sizable. Do you use Cycles, EW, TA, or some other system to make a call like that.
I think we are on day 36 so we still some room to run higher.... Another new high for IWM this morning (140.29 and still moving up), so the trend remains up.
Waiting to trade TZA again as we move into the DCL. I'll trade TNA coming out of the DCL ( whenever that happens). I can only trade what I see and the trend remains up for now.
Good trading.
http://stockcharts.c...377&a=507974379
http://stockcharts.c...921&a=506994308
http://stockcharts.c...833&a=504861178
http://stockcharts.c...744&a=505893099
1. cycles
2. sentiment
cannot tell target, only dates. preferrable 10th of march, then run into final high beginning of May.
I could be wrong of course.