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Bears proved they got nothing !


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#1 NAV

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Posted 28 September 2018 - 10:35 AM

My ST trend turned back up and i am back long again.

 

Still managed to make some beer money on the short side, the last two days. Whew ! What a tough life it is to be a bear !


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#2 CLK

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Posted 28 September 2018 - 11:28 AM

No idea how you get a trend change back up with little change in price.

#3 q4wer

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Posted 28 September 2018 - 11:47 AM

widely coordinated fake market, walking on a thin thread.  They have tested it works with no correction in her life time.



#4 NAV

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Posted 28 September 2018 - 12:21 PM

No idea how you get a trend change back up with little change in price.

 

Trend change is relative to yesterday's price action, nothing to do with today's price change. One day does not make a trend !

 

Last few days have been mostly a range bound price action. It should resolve next week.


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

 

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#5 SemiBizz

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Posted 28 September 2018 - 01:22 PM

 

A picture speaks a million words... 


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#6 Data

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Posted 28 September 2018 - 01:37 PM

Fed day.  Can't trust that day.  Every other day of the week is fine.



#7 SemiBizz

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Posted 28 September 2018 - 01:56 PM

Only thing the bears need is $GS....

 

5bae71c9d43bc_gs092818difractalupdate.th


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#8 NAV

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Posted 28 September 2018 - 02:04 PM

SemiBizz, 

 

Yes the BKX and GS looks ugly. No question about it. 

 

I am an SPX trader and the bears failed to capitalize there. It's still a range business at this point. Next week should resolve the bifurcation. 


Edited by NAV, 28 September 2018 - 02:05 PM.

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

 

https://twitter.com/Trader_NAV

 

 


#9 PrintFaster

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Posted 28 September 2018 - 03:01 PM

Here's a clue that rate hike might be close to an end.

 

TLT down slightly but IYR and XLU having a good day.