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Time for the bounce...


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#1 diogenes227

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Posted 26 September 2017 - 07:24 PM

FROM THE LINK:

 

 

Given that all three of my swing signals – based on price, breadth and volatility – registered buys today for tomorrow’s open, and long-term breadth remains on a buy and continues to rise, I am suggesting a bounce Wednesday. How high, how long, and whether or not it can hold at all is anyone’s guess. I will buy with a tight stop. For the sake of the stop loss, I pretty much want this to go my way right away so I will be watching on a five-minute bar chart to make the trade stays above its open from the open of the market.

 

MARKET TIMING - TIME FOR A BOUNCE?

 

Good luck and good trading.


Edited by diogenes227, 26 September 2017 - 07:25 PM.

"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#2 diogenes227

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Posted 27 September 2017 - 09:37 AM

FROM THE LINK:

 

 

Given that all three of my swing signals – based on price, breadth and volatility – registered buys today for tomorrow’s open, and long-term breadth remains on a buy and continues to rise, I am suggesting a bounce Wednesday. How high, how long, and whether or not it can hold at all is anyone’s guess. I will buy with a tight stop. For the sake of the stop loss, I pretty much want this to go my way right away so I will be watching on a five-minute bar chart to make the trade stays above its open from the open of the market.

 

MARKET TIMING - TIME FOR A BOUNCE?

 

Good luck and good trading.

 

Stopped out of the day trade at breakeven.

 

When reliable signals are not working, it is not the signals.


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#3 Iblayz

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Posted 27 September 2017 - 10:32 AM

Bottom line is they must take out 2507.25 ES on a closing basis to establish the next firm target of 2524.5. If that falls on the same basis (closing), then the next firm target would be (all IMO of course) 2554.50-->2554.75. Also, IMO they are running out of time. I have clusters of target dates that are close by but I am not going to post them.

#4 q4wer

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Posted 27 September 2017 - 01:39 PM

some guy said many months back, 9/27 is an important date, maybe today is the top, all the good news is running out, and top comes.