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Alias Born | 12/03/2017 |
Thursday, November 16, 2023 9:09:32 AM
We can almost guarantee that at least one of the following will take place every day the market is open, some days several of them happen, and some days all of them happen.
1. Pre-market fakedown (Drop opening ask lower than prior close)
2. 10:30AM EST cliff-drop/takedown
3. 2:30PM EST cliff-drop takedown
4. End of day (last 10-30 minutes) takedown/push to low of day or lower.
All of the above help with ensuring that the RSI doesn't fall as quickly as the pps. Always leaves them some padding to continue what's been happening for 2.5-3+ years. When the RSI does eventually fall below 30, we always see a magical day where the pps is green by +1-3%, but somehow the RSI jumps 10-20 points. Same BS day in, day out, and nothing but silence from Charles. How Awesome!!!
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