30 replies to this topic

[EntropyModel]

Thx guys I appreciate it.

 

2628-2630 is very important here - if that fails, it will for me pretty much rule out that this 'bounce' is a 'reversal'.( low odds anyway, but want

confirmation)

 

VST has moved to short term buy - so I expect bounce attempts now.

 

Btm line - I expect attempts to bounce, but, I favor at least test of 2628-2630 today - a break of that wd confirm run to 2620 which

is the 'last hope' support.

[EntropyModel]

Fugly bounce off the VST ...so very high odds now test of 2628-2630, and high odds it fails to 2618-2620 as said

 

It's very tempting to 'predict' here and look out time wise - but as i've said for while, this is pure traders market and not

a predictors market - its moving too fast, and the lack of liquidity is adding to pattern failures so extrapolating a move is

dangerous - so its really a matter of going 'step by step' on real time signals for me.

 

That said, we're really getting a setup now to either make a IT low into xmas soon, or panic failure.

Edited by Entropy3.0, 11 December 2018 - 01:17 PM.

[EntropyModel]

Quick look at current market:

 

https://www.screenca...m/t/x9RUTKZJEit

 

Sorry for too many 'ums' ..but I just talk off top of my head and I tend to um alot LOL

[MDurkin]

Quick look at current market:

 

https://www.screenca...m/t/x9RUTKZJEit

 

Sorry for too many 'ums' ..but I just talk off top of my head and I tend to um alot LOL

Thanks.

[EntropyModel]

Welcome MDurkin.

 

So, yep tagged 2620 ..and here we go ....the 'bounce of last hope' pretty much. Have to see how it develops.

Edited by Entropy3.0, 11 December 2018 - 02:30 PM.

[EntropyModel]

If it get back above 2653 it turns ST bullish again - looks like bulls going all in here on the RHS 0.618 retrace.

Back below 2635 - its bearish again ST ..in between in neutral and have to see into close.

Edited by Entropy3.0, 11 December 2018 - 02:51 PM.

[EntropyModel]

After the VST setup drop to 2620, and VST buy bounce off 2620,  we briefly got ST bullish above 2653, lasted about 5 minutes :-), then turned back to neutral zone..then closed right as that 2635 ST bear line.

 

That was quite a nasty drop into the close from where I sit ( *lks like another backsweep pattern) - alot depends on the AM open ..if we drop under 2620, then I expect new lows probably tomorrow ...if they can hold 2635, or even 2620 ...I do see signals for a longer bounce, but NOT a swing low ...though the moves are so big on ST bounces it might as well be daily swing lol 

 

Market is definitely now moving at incredible speed on waveforms i've only seen handful times last 18 years.

 

I will look over all my EOD signals later and if I see anything worth adding I will.

Edited by Entropy3.0, 11 December 2018 - 06:12 PM.

[EntropyModel]

As said for ST alot depends on the open - and its another giant gap up, so ST the 'longer bounce' is on.

But, longer term, this action is NOT what I was looking for to make an IT low before xmas, actually this

move up over night looks totally 'bot driven and forced - more and more likely a large backsweep.

 

But one step at time - as I mentioned in video yesterday I am OUT today mountain biking, so, whatover those steps are I will miss.

[OEXCHAOS]

It "ought" to pull back today.

 

If it doesn't, they'll rout the Bears.

 

We just have to see how it goes.

 

M

[EntropyModel]

It "ought" to pull back today.

 

If it doesn't, they'll rout the Bears.

 

We just have to see how it goes.

 

M

 

Probably 'b' wave, c down to close gap THEN rout the bears ..then rout the bulls ..but, ultimately there are alot

of other pattern setups in play ...wish I was here to see, but planned day out ..last time I did was the Powell move, so

probably another giant move today I miss LOL