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Did Someone Say Romp?


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#1 OEXCHAOS

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Posted 15 May 2017 - 10:17 AM

I fear this may be the beginning.

 

Everything seemed so, meh this weekend, so I was hoping for another leg down.

 

Thankfully, I'm very long.

 

Mark


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#2 SemiBizz

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Posted 15 May 2017 - 10:30 AM

Just to 6198 Nasdaq... test the 2.618 of the original move and kiss the bottom uptrend line... and croak.

 

GS says we're just finishing off the rally here on the rest of the market.

 

Now we're just waiting for it to head south and test the high volume low down at 213.XX


Edited by SemiBizz, 15 May 2017 - 10:32 AM.

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#3 q4wer

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Posted 15 May 2017 - 10:54 AM

I fear this may be the beginning.

 

Everything seemed so, meh this weekend, so I was hoping for another leg down.

 

Thankfully, I'm very long.

 

Mark

So you were hoping for another leg down, but you are long.  You got a feeling based profitable system, that is admirable.



#4 q4wer

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Posted 15 May 2017 - 11:11 AM

Just to 6198 Nasdaq... test the 2.618 of the original move and kiss the bottom uptrend line... and croak.

 

GS says we're just finishing off the rally here on the rest of the market.

 

Now we're just waiting for it to head south and test the high volume low down at 213.XX

 

 

 

I guess that you mean comp will reach 6198, today's high so far is 6153.  GS 225.6 and still strong,  seems still have room for the upside.



#5 OEXCHAOS

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Posted 15 May 2017 - 11:12 AM

 

I fear this may be the beginning.

 

Everything seemed so, meh this weekend, so I was hoping for another leg down.

 

Thankfully, I'm very long.

 

Mark

So you were hoping for another leg down, but you are long.  You got a feeling based profitable system, that is admirable.

 

 

Well, I was following discipline(s), but I was totally open to getting leveraged long, and I had a weekly trading model that was short into the open (and went flat then).

 

Tangential, I had an hourly Sell this morning, but my failsafe strength/weakness indicator waved me off. I'm glad.

 

Mark


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#6 q4wer

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Posted 15 May 2017 - 11:16 AM

intraday, we seem to be building the right shoulder.  and a perfect head and shoulders pattern. 



#7 q4wer

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Posted 15 May 2017 - 11:25 AM

I think that today we will close on 2399.98  yes.gif



#8 pisces

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Posted 15 May 2017 - 11:49 AM

intraday, we seem to be building the right shoulder.  and a perfect head and shoulders pattern. 

 

Over time i have seen many of them turn into continuation patterns and break to the upside ..i paid to learn this lesson on a few occasions.just saying TWT,  zorro.gif



#9 OEXCHAOS

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Posted 15 May 2017 - 12:23 PM

 

intraday, we seem to be building the right shoulder.  and a perfect head and shoulders pattern. 

 

Over time i have seen many of them turn into continuation patterns and break to the upside ..i paid to learn this lesson on a few occasions.just saying TWT,  zorro.gif

 

 

Haven't we all? :lol:


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#10 arbman

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Posted 15 May 2017 - 03:50 PM

I was hoping that the hedges would make money before re-balancing... I sold some premiums though for May, so this is still ok. I doubt we will see significantly higher, this is not a normal market.