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ST RESISTANCE then RALLY RESUMES


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#21 K Wave

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Posted 17 January 2023 - 10:15 AM

WMT still in full compression  mode...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#22 K Wave

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Posted 17 January 2023 - 10:19 AM

330 still the big level on Dow general HD


Edited by K Wave, 17 January 2023 - 10:19 AM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#23 dTraderB

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Posted 17 January 2023 - 10:22 AM

Almost 3% account profit in January 2023. Want to bank all of it, Will close positions from now, ASAP.

#24 12SPX

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Posted 17 January 2023 - 10:31 AM

Very interesting movement as put prices are near zero and calls although not bad are still far to high.  Seems everyone thinks the market is going to the moon this weekend now via a very old space shuttle lol!!  This is telling me maybe they should have switched to one of Elon Musks new rockets lol as the grind will continue and we are getting closer to a deeper correction in the end.  For now may the grind continue....short average 4025....



#25 12SPX

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Posted 17 January 2023 - 10:40 AM

profit stop 4024, sell above



#26 12SPX

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Posted 17 January 2023 - 10:44 AM

I think traders just saw the report I did on lettuce destruction by migrants thus high prices, profit stop 4020 sell above



#27 redfoliage2

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Posted 17 January 2023 - 10:45 AM

The market is in ST way over-bought conditions, so it's likely to see some consolidation here ..................

VIX is telling something today as it gapped up at the open and currently up nearly 8% ........................


Edited by redfoliage2, 17 January 2023 - 10:47 AM.


#28 12SPX

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Posted 17 January 2023 - 11:03 AM

Whoops sorry I didn't do the lettuce report. I "saw" it very interesting.....



#29 redfoliage2

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Posted 17 January 2023 - 11:04 AM

Whoops sorry I didn't do the lettuce report. I "saw" it very interesting.....

Can you put a link here?



#30 12SPX

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Posted 17 January 2023 - 11:06 AM

No sorry saw it on Fox news interviewing a farmer.  90% of lettuce for America is grown in Yuma and I guess the government says if a person walks through the crop it has to be destroyed and with 1000's of migrants going through they have to destroy the crop, thus higher prices.  Was very interesting!!!