NR7s abound
#1
Posted 19 November 2015 - 06:18 PM
http://stockcharts.c...47974880243.png
http://stockcharts.c...47974981881.png
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#2
Posted 19 November 2015 - 06:37 PM
#3
Posted 19 November 2015 - 06:43 PM
#4
Posted 20 November 2015 - 02:40 AM
Had 42 stocks on my nifty-50 stock list on sells last Friday, 41 on buys now, 12 overbought, not huge yet, but still...won't be surprised if a sell down (or at least a decent dip) comes right about...now.
Good luck and good trading.
P.S. Does SPY have a dreaded doji and awfully close to one on the SPX?
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#5
Posted 20 November 2015 - 08:38 AM
So for the main indices we track today, we did not get the strong pullback, and sometimes those signals do not come right away. We also got NR7s across the board, to expect a major range expansion. We still think odds favor that expansion higher, but we could also see a sharp reversal with our closing tick signal yet unfulfilled. Should we get that strong bounce tomorrow, we'd be looking for something in this upper range from 2090 to 2103, but possibly even as high as 2113. We think that would be the logical point to consider a short position
Edited by SemiBizz, 20 November 2015 - 08:38 AM.
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
#6
Posted 20 November 2015 - 10:25 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
#7
Posted 20 November 2015 - 10:30 AM
Edited by SemiBizz, 20 November 2015 - 10:31 AM.
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
#8
Posted 20 November 2015 - 12:38 PM
#9
Posted 20 November 2015 - 01:42 PM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#10
Posted 20 November 2015 - 01:55 PM
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