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Well, I shorted 'em!


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#1 OEXCHAOS

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    Mark S. Young

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Posted 17 January 2018 - 09:37 AM

I hit the ES pre-open just above MA resistance. We had an hourly and a daily momentum Sell.

 

The thing is, the Fully Long/Fully Short says that there's virtually ZERO chance of the top being in, or any worthwhile top being in.

 

So, I think that after a little more backing and filling, this dip is to be bought.

 

M


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#2 OEXCHAOS

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Posted 17 January 2018 - 10:37 AM

And I'm gone with my 10 points profit for both Models. I may try it again, though I hate to drink from the same well too many times.

 

M


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#3 melonseed

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Posted 17 January 2018 - 11:20 AM

What did yesterday's fully long fully short interpret as Mark? I am not sure but I thought yesterday's indication was virtually no significant top, or the pull back wasn't big enough?


Trade safe.

#4 salam

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Posted 17 January 2018 - 12:06 PM

Well is too dirty now!

 

Think we rally into the close; No gap fill today


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#5 OEXCHAOS

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Posted 17 January 2018 - 12:15 PM

What did yesterday's fully long fully short interpret as Mark? I am not sure but I thought yesterday's indication was virtually no significant top, or the pull back wasn't big enough?

 

Lack of short Bears says "almost no chance of a top" yesterday.

 

So, I viewed the weakness as VST. I will say that I expected and still expect another leg down, but I'm not nearly as confident about that as I am new highs coming.

 

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#6 melonseed

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Posted 17 January 2018 - 12:26 PM

Yes mark. that other leg down would be a great entry. 


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#7 da_cheif

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Posted 17 January 2018 - 01:03 PM

Yes mark. that other leg down would be a great entry. 

yesterdays leg down was it     ......so since this is the land of the quick or the ded      the boys dont need another leg down   ....they got what they needed......



#8 melonseed

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Posted 17 January 2018 - 02:57 PM

Also did you notice almost all indicators pointing a sell at yesterday's close. I would have thought your style puts you in a bullish mode.


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#9 da_cheif

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Posted 17 January 2018 - 03:25 PM

.>Also did you notice almost all indicators pointing a sell at yesterday's close.<    oh really?  like which ones......??



#10 melonseed

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Posted 17 January 2018 - 04:43 PM

well most indicators pointing a buy now....


Trade safe.