Edited by The End, 23 May 2007 - 06:49 PM.
Key reversal on the NDX today.
#11
Posted 23 May 2007 - 06:47 PM
#12
Posted 23 May 2007 - 06:49 PM
Today was a key reversal on the NDX. Period!. Do what you want with that info. It is fact though. If others believe differently then they are making sh%t up.
Or perhaps just full of themselves...or ???
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#13
Posted 23 May 2007 - 06:52 PM
Today was a key reversal on the NDX. Period!. Do what you want with that info. It is fact though. If others believe differently then they are making sh%t up or don't know what they are typing about.
I agree.
Hey, I see you're a JM fan. Jim's dad ("the Admiral") lives 10 minutes from me in Coronado, CA. I've been over his house him serveral times... great guy.
#14
Posted 23 May 2007 - 06:59 PM
Much bigger Pink Floyd fan but that's really cool.[img] Got third row center for MSG next week. saw him, Front row in Cleveland last year.Today was a key reversal on the NDX. Period!. Do what you want with that info. It is fact though. If others believe differently then they are making sh%t up or don't know what they are typing about.
I agree.
Hey, I see you're a JM fan. Jim's dad ("the Admiral") lives 10 minutes from me in Coronado, CA. I've been over his house him serveral times... great guy.
Roger
Edited by The End, 23 May 2007 - 07:08 PM.
#15
Posted 23 May 2007 - 07:02 PM
#16
Posted 23 May 2007 - 07:07 PM
Edited by The End, 23 May 2007 - 07:10 PM.
#17
Posted 23 May 2007 - 08:04 PM
johngeorge
#18
Posted 23 May 2007 - 09:13 PM
#19
Posted 23 May 2007 - 09:17 PM
#20
Posted 23 May 2007 - 09:18 PM
No, it's not, as you're missing two items that qualify this bar pattern as being one of "key".It's a key reversal on a daily chart.
The surprising thing here is that you started your thread by saying "These have not worked in the recent past when calling a top" and then you go on to say that "I know what a key reversal is". Could it be then that it's not the pattern that hasn't worked for you, but the pattern, in fact, doesn't have all of the qualifications that make a "Key Reversal" just that - "KEY" - and you've simply been misinterpreting the forecast??
It's a simple outside range day...nothing more. If you want to know what's missing this time around, you can bring it up for discussion.
If not, that's OK too.
Fib
You sir, are incorrect. Today was a key reversal day on the NDX. For the last time. A key reversal (in the case of pointing out a potential top formation) is when price makes a new high for the move and closes below the previous days low. That's it and that's what occured. You can type till tomorrow that I'm wrong but you would be the one who is.
What praytell are the two points I'm missing?
lol