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always something with the market, I cant imagine brexit will be allowed to happen, waiting for the right time and loading some otm calls and a few puts for insurance, I think it will take off big
everything is good with me, how is the brexit vote looking from your perspective in the heart of it?
all is well, just grinding out the trading, how about you? all good?
hey bud hows it going?
I see same old noise in here, crying and bickering nothing very constructive good luck bro
hows it going bud?
MERRY CHRISTMAS ALL!!!
steady volume cant be bot manipulated, looking like bull trap or rats leaving a sinking ship
propping up stock markets is not the best form of economic stimulus!!! it is corporate welfare imo!!! the market is a voting machine and it likes the easy money, main street is not feeling the same euphoria as wall street.
ha ha, I knew you would break it down smaller!!!!
agreed, the points of resistance and support are the variables we all have opinions on.
triangle, pennant, flag, call it what you like, when it forms in a trend it is a continuation pattern, currently in a down trend imo..............
lowest volume day since these huge days started, big volume pours in it will be interesting, these size moves used to be very rare LMAO
they going to stick to the pattern? big up, big down, tomorrow should be 60 points down
bs markup to dump into very sketchy in here right now
wage pressure in most districts says it all imo, sign of inflation coming that they want to stay ahead of, sept hike is still possible imo
very interesting!!!
daily chart looking weak, Monday probably green sideways chop again for month end but it needs at least a rest imo, may not get big downs but at least sideways chop going forward. at this point a rate hike is probably priced in and can rally hard if the fed pulls a rabbit out of its hat.
40 points down and 40 points straight back up, hard to believe there is any over sight on this stuff LMAO Ponzi at its best imo. I read an article recently about the HFT and ETF's are the culprits here, the HFT's front run everyone, the ETF's are so heavily traded they cause these massive cash imbalances every day that have to be reconciled eod. the only ones that have real insight to the direction of the imbalance are the same ones that control the front running bots LOL
1.5B imbalance to cover at close
those machines must be smoking by now!!!
3:15 buy bots today? good place for a bounce
199.00 top 197.60 gap fill, now 195.50 other side of the gap may have some strength
our market has become a penny stock ring, multiple moves of over 50 points just shows how this mess is going so wrong. great for making money in here, don't get me wrong, but it is so messed up I wonder if reality will ever come back?
yesterday was the all clear, everyone piling back in, only one direction going into Friday I fear, and that is up up up. so crazy to me what this easy money has created, no true value in here its just lack of any other way to make money, fear monger it down and then run it back, great thing if you play along!!!
10 points straight up right through any resistance, this mark down was all bs again, hold on for new highs
they jumped right across the gap, now it should be resistance, 197.60 will be tested plenty imo, before it runs out of supply to sell. should make for nice scalps on every attempt.
thank you I do use TOS and I will for sure check it out!!
big business and big government going to be the end of this country as we know it. hose everyone in between
corporate stock buybacks, I saw today some energy companies are asking investors for permission to forgo dividend payments LOL, not that they don't have billions on their own balance sheets but they don't want to spend their own money on stuff like that, that is what the zirp money was for, they will use their own money to pay execs if it comes down to it, what a mess this whole thing has become
I have been trading for a very long time and have never seen anything like this, I hope all are watching and appreciating the size and scope of these moves brought to us by the easy money of the fed LOL. how amazing would it be if this liquidity actually hit the streets where it was intended rather than just manipulating the stock markets around the world!?!?!?
back to the open, now headed for 192.50. very interesting how they have played this out today. this market is making 10-20 point moves on five minute candles like its just normal, hard to believe its moving like this
agreed, 191.30 looks like a top forced selling in here for margin calls that haven't been filled yet, back to 190.50 or lower imo maybe a lot lower
check your inbox!
I use variations of others that I have put my own spin on LOL, more than anything I look for the standard patterns to play out along with Wyckoff's method it all makes more sense to me, at least helps me control risk better.
low volume melt down can be met with a huge pop in here, the floor could fall out or pop hard to create a squeeze, down so much back to back I am very cautious in here for a short cover
it has been a good indicator lately imo. but in this wild market I trade the squiggly lines only.
no links, books I have read. Trades About To Happen is interesting, the beginning is very basic for beginners but as you go through it is very interesting and to think he generated these ideas from looking at ticker tape in the early 1900's is amazing and very relevant today.
ha ha, i guess i should have said Wyckoff trading method
anyone here a student of Wyckoff? sure helps during these wild swings