Caveman TA!
I bet you we tag the bottom Keltner...SPX 4600 resistance...4400 then...4200 support areas
Edited by Rogerdodger, 04 August 2023 - 11:18 AM.
Bullish Percents telling what?
Started by
Rogerdodger
, Aug 04 2023 11:08 AM
8 replies to this topic
#1
Rogerdodger
-
- TT Member*
-
- 26,879 posts
Member
#2
RadioHead
-
- Traders-Talk User
- 194 posts
Member
Posted 04 August 2023 - 11:51 AM
It is a moment market right now. Momentum begets momentum. Do not buy cheap undervalued stocks. Buy the expensive ones. The higher the valuational the better the returns. Trust me.
#3
blustar
-
- Traders-Talk User
- 6,220 posts
blustar
Posted 04 August 2023 - 01:07 PM
It is a moment market right now. Momentum begets momentum. Do not buy cheap undervalued stocks. Buy the expensive ones. The higher the valuational the better the returns. Trust me.
It works until it doesn't and that time is almost upon us from what I'm seeing. Next week should be bullish or at least the first 4 TD's ~ 4637/38?. By Sept 6 we should see SPX ~3120 minimum from my current observation and ~3912 by August 21.
#4
blustar
-
- Traders-Talk User
- 6,220 posts
blustar
Posted 05 August 2023 - 10:48 AM
Good call on Laundry's T for August 4!!!
#5
Rogerdodger
-
- TT Member*
-
- 26,879 posts
Member
Posted 05 August 2023 - 12:31 PM
I'm no T expert, just curious.
But I'm not sure that an end of a T supposedly means the end of a rally.
See T Theory Link below.
Next week is seasonally positive, more so during the 3rd Presidential year.
https://ttheorygroup.science.blog/
August 4, 2023
There will be a regular post this weekend. The charts pages are being reconfigured and will be unavailable for a while.
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#6
q4wer
-
- Traders-Talk User
- 2,180 posts
Member
Posted 05 August 2023 - 03:18 PM
next week, we move down on Monday, and then bounce into Tuesday noon, then crap again into the end of week. The most bullish day is Tuesday. Just my two cents.
#7
fib_1618
-
- Traders-Talk User
- 10,145 posts
Member
Posted 05 August 2023 - 05:41 PM
All through July 28th...the Semiconductor and Precious Metals BPI's for August 4th will be updated sometime this weekend.
Anything above the red lines is "overbought", anything under the green lines is deemed "oversold"...grey lines are neutral.
Fib
Edited by fib_1618, 05 August 2023 - 05:44 PM.
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
Technical Watch Subscriptions
#8
slupert
-
- Traders-Talk User
- 2,805 posts
Member
Posted 08 August 2023 - 09:31 AM
Caveman TA!
I bet you we tag the bottom Keltner...SPX 4600 resistance...4400 then...4200 support areas
FWIW, the correct way to short using BP's is when it crosses 70 on th downside. When it does lookout. Since I'm not on too much in the Summer, Short sale triggers are entered just in case (JMHO)
#9
Rogerdodger
-
- TT Member*
-
- 26,879 posts
Member
Posted 08 August 2023 - 11:20 PM
FWIW, the correct way to short using BP's is when it crosses 70 on th downside.
BP's 69.20 today on close.
SPX at 4500
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
