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Don't mistake a bounce for a trend change


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#1 NAV

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Posted 13 February 2018 - 11:28 AM

No matter how big the bounce is. As of now the hourly trend is still down and nothing has changed in the ST and IT picture. I am looking to short this market. Waiting for a setup. 


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#2 bighouse1006

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Posted 13 February 2018 - 11:58 AM

This is the area I normally see some whip saws . I wouldn't be surprised to see a dip tomorrow that gets bought into Friday.

#3 cycletimer

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Posted 13 February 2018 - 02:03 PM

No matter how big the bounce is. As of now the hourly trend is still down and nothing has changed in the ST and IT picture. I am looking to short this market. Waiting for a setup. 

Same here NAV, I'm of the same opinion and market bounced exactly 1000 DOW points off the 200-DMA.  I also don't see a setup just yet...still waiting.


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#4 OEXCHAOS

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Posted 13 February 2018 - 04:01 PM

I've got an Options Oscillator Sell that should get right tomorrow.

 

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#5 Waver

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Posted 14 February 2018 - 06:48 AM

Mark,

What do you mean by that should get right?

Thanks.

Edited by Waver, 14 February 2018 - 06:48 AM.


#6 Waver

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Posted 14 February 2018 - 06:52 AM

Nav,

Do you have a line in the sand that turns this bounce into a sustained trend change?

Thanks.

#7 OEXCHAOS

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Posted 14 February 2018 - 12:46 PM

Mark,

What do you mean by that should get right?

Thanks.

 

I meant that the Options Oscillator Sell from Monday night had until today to see a tradable decline. We got it, though the best part happened in GLOBEX.

 

Mark


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#8 da_cheif

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Posted 14 February 2018 - 02:03 PM

Nav,

Do you have a line in the sand that turns this bounce into a sustained trend change?

Thanks.

 

Nav,

Do you have a line in the sand that turns this bounce into a sustained trend change?

Thanks.

ur askin the wrong person.....watch the sky



#9 NAV

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Posted 15 February 2018 - 12:19 AM

 

Nav,

Do you have a line in the sand that turns this bounce into a sustained trend change?

Thanks.

 

Nav,

Do you have a line in the sand that turns this bounce into a sustained trend change?

Thanks.

ur askin the wrong person.....watch the sky

 

 

Cheif, you would have contributed something to mankind if you were an astronomer, considering you always are watching the sky. Glad you have crawled back out of your mouse hole.

 

Waver,

 

We are at a inflection point. Trend is still down. I should have concrete numbers on when to go short or long based on the market action tomorrow.


"It's not the knowing that is difficult, but the doing"

 

"No warning can save people determined to grow suddenly rich" - Lord Overstone  (The great crypto mania of 2017)

 

 


#10 Waver

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Posted 15 February 2018 - 01:37 AM

Thanks Nav