Another early rally fail is a tell for bear market. Id short the high of the first hour.
First hour thursday for naz100. Look for open up 80-120 pts or rally that much in first hour
#1
Posted 22 February 2023 - 11:39 PM
#2
Posted 23 February 2023 - 12:24 AM
Having said that, I agree that any rally attempt will fail.
#3
Posted 23 February 2023 - 10:53 AM
If I could know where the high of any hour is, I would be the richest man in the world.
Having said that, I agree that any rally attempt will fail.
I said 80 to 120 pts
#4
Posted 23 February 2023 - 11:57 AM
I couldnt have called this much better. Maybe said 100 to 160. Had i been day trading this i would have sold into this once it was above 80 and kept selling small amounts as it rose in the first hour. Then use the high of early day external or morning day market, whichever was higher. Sometimes, I dont see much point in posting here
Edited by skott, 23 February 2023 - 12:19 PM.
#5
Posted 23 February 2023 - 02:03 PM
#6
Posted 24 February 2023 - 11:21 AM
Good call! Rallies will be sold. Sometimes after an hour or two, other times after a few days.
Thanks
#7
Posted 24 February 2023 - 03:38 PM
Naz has a bear flag now from the decline yesterday. If you took this trade, anywhere from 80 pts higher in the first hour on the 23rd you made 300 pts. not bad
Edited by skott, 24 February 2023 - 04:28 PM.