Ram it even higher to shake out every last chip before a collapse from exhaustion
Momentum is charting weak
Started by
spielchekr
, Mar 03 2010 10:31 AM
6 replies to this topic
#2
porsche911sg
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Posted 03 March 2010 - 10:44 AM
Yes momentum is weak you're the first one saying so. I noticed this trend about friday and significant detoration by tue. But no on board thinks so.Ram it even higher to shake out every last chip before a collapse from exhaustion
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#3
maineman
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maineman
Posted 03 March 2010 - 11:16 AM
I posted a BIG momemtum chart yesterday or the day before pointing out this glaring fact. However, use that tid bit at your own peril in a bull surge. At best its a heads up to move up stops on longs but picking the top during a surge is suicide, unless you've got hugely deep pockets. Remember: "they" have much more liquidity and staying power than you do. One of my trading mottoes.
mm
#4
thespookyone
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Posted 03 March 2010 - 11:18 AM
Absolutely, good take. Been having that discussion in my room all morning. I can wait for the rising wedge to break, patience is a virtue.
#5
porsche911sg
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Posted 03 March 2010 - 11:29 AM
I realised patience is non-existent on this board, everyone is looking for a swing trade to be completed in a day,two days less than a week no one wants to sit and wait.Absolutely, good take. Been having that discussion in my room all morning. I can wait for the rising wedge to break, patience is a virtue.
The market catches almost everyone on the wrong side. We always seem to get fake break out before that huge dump or the hugh dump before the false break down! Trade Safe!
#6
mss
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I'M WATCHING
Posted 03 March 2010 - 12:32 PM
I wait !I realised patience is non-existent on this board, everyone is looking for a swing trade to be completed in a day,two days less than a week no one wants to sit and wait.Absolutely, good take. Been having that discussion in my room all morning. I can wait for the rising wedge to break, patience is a virtue.
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A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#7
thespookyone
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Posted 04 March 2010 - 12:01 AM
MSS-I'm sure that's true. I imagine we'll be in the trade around the same time. When the pattern triggers, it will provide both more than bulls expect, and less than bears do-perfect symetry, lol. As an agnostic-I'll take what the pattern gives.
