My simple and thoroughly unproven market condition indicator
That's cause its always easy to move lines after the fact to make it work lol!!
Posted 19 January 2023 - 02:25 PM
My simple and thoroughly unproven market condition indicator
That's cause its always easy to move lines after the fact to make it work lol!!
Posted 19 January 2023 - 02:30 PM
With my luck it will just quietly peter out and flatline
Posted 20 January 2023 - 11:38 AM
HELD that 3880 level and bouncing here ..mainly again due to dollar dropping.
We shall see, I suspect this bounce fails into at least a retest of 3875-3880 key support.
We got 'sorta' retest ..now another bounce ... this is again tricky on Very short term - normally I can call it but not in this 'range-a-thon' its become very
whipsaw'ish on this degree of move ... but, I still favor another down move once current bounce ends ...but not sure from where....what will be key is again 3875- 3880 holding or not,
and DOW 32250.
Posted 20 January 2023 - 12:04 PM
Love it, rangeathon or like I love to say,,,, grind grind grind lol!!
Posted 20 January 2023 - 12:42 PM
Love it, rangeathon or like I love to say,,,, grind grind grind lol!!
I also just realized its Option expiration ...so I will add we have X-games as I called it see winter Olympics for that reference :-)
...always get wacky moves on fri of OPEX...I always avoided it for day trading.
Edited by EntropyModel, 20 January 2023 - 12:43 PM.
Posted 20 January 2023 - 01:08 PM
If I was forced to say - high odds we did
- a down to 3885
- now 'b' up ..don't know on price to where but if VIx tags 18.8 it wlll increase odds of end of bounce based on Very ST model
- then c down ..monday is often down post OPEX especially if vix drops like it has today and continous down into the close.
Range - grind - x-game - wedge - this is where we are ..and as I said, I don't see it changing for at least another month..as the 'cake isn't baked' :-)
It feel alot like my January in the moutains - we're at 50 inches of snow and counting!, I shovel alot and snow moves into different piles but it remains about the same.
Edited by EntropyModel, 20 January 2023 - 01:13 PM.
Posted 20 January 2023 - 03:04 PM
This looks too ALGO driven to be simple 'b' wave - looks more like what I call a 'rinse repeater' pattern ...looks to me very strongly we are moving
into final stages of upside attempts this pattern appears when ALGO's are programmed to force shorts out of market (we already are seeing it - )
so ST bit stronger than I wd expect today, but longer term this for me is more bearish than I expected ....had we instead dropped more, it wd
be more bullish - sounds counter intutive but isn't when u understand the IT context and ALGO programming.
Still - it's OPEX ..where bs lives and breathes ..so need to see monday to get better read.
Edited by EntropyModel, 20 January 2023 - 03:09 PM.
Posted 20 January 2023 - 03:47 PM
This looks too ALGO driven to be simple 'b' wave - looks more like what I call a 'rinse repeater' pattern ...looks to me very strongly we are moving
into final stages of upside attempts this pattern appears when ALGO's are programmed to force shorts out of market (we already are seeing it - )
so ST bit stronger than I wd expect today, but longer term this for me is more bearish than I expected ....had we instead dropped more, it wd
be more bullish - sounds counter intutive but isn't when u understand the IT context and ALGO programming.
Still - it's OPEX ..where bs lives and breathes ..so need to see monday to get better read.
I think they're just resetting what they did last 3 days.
Posted 20 January 2023 - 03:58 PM
This looks too ALGO driven to be simple 'b' wave - looks more like what I call a 'rinse repeater' pattern ...looks to me very strongly we are moving
into final stages of upside attempts this pattern appears when ALGO's are programmed to force shorts out of market (we already are seeing it - )
so ST bit stronger than I wd expect today, but longer term this for me is more bearish than I expected ....had we instead dropped more, it wd
be more bullish - sounds counter intutive but isn't when u understand the IT context and ALGO programming.
Still - it's OPEX ..where bs lives and breathes ..so need to see monday to get better read.
I think they're just resetting what they did last 3 days.
Resetting what linrom1?
Posted 20 January 2023 - 04:21 PM
This looks too ALGO driven to be simple 'b' wave - looks more like what I call a 'rinse repeater' pattern ...looks to me very strongly we are moving
into final stages of upside attempts this pattern appears when ALGO's are programmed to force shorts out of market (we already are seeing it - )
so ST bit stronger than I wd expect today, but longer term this for me is more bearish than I expected ....had we instead dropped more, it wd
be more bullish - sounds counter intutive but isn't when u understand the IT context and ALGO programming.
Still - it's OPEX ..where bs lives and breathes ..so need to see monday to get better read.
I think they're just resetting what they did last 3 days.
Resetting what linrom1?
OpEX selloff to blow up call premiums.
Edited by linrom1, 20 January 2023 - 04:23 PM.