<< honed over several decades>. why didn't you tell me before you were such a beginner!(LOL!) Traders age well, they get better overtime--like they say the learning curve requires 5 years, you left that level long ago.
With decades of experience you are a pro.
What you think seems right is really the vast accumulation of experience that allow you to be intuitional based on a mass of your own stored experience, this but my fore-lock pulling humble opinion( only wish i had a fore-lock:).
Regards tomorrow, i was wrong in saying ISM would be Tuesday; the manufacturing ISM is Monday along with Construction spending and productivity per my NYT.
They place the Bloomberg estimate for ISM to be 47.6.
I think an estimate match will not hurt market and a 49 or higher, with the market primed and sitting on a breakout launch pad i think the ISM number need a BAD SURPRISE to slow it down.
My feeling is that market will do a hari-kari blow-off top if it gets that after burner ignited--cripes an ISM at 50 or above shorts would be covering at the the moment of the announcement in my view. Both COMPX and SPX have room on RSI to reach a levels of a classic WAY overdone blow-off top.
The numbers will need be numbers of doom to put a hammer blow uptop MoMo's expanding head:) gd
p.s. i personally WANT to see a wild blow-off top so that fact could be fogging my 'objectivity' glasses:)
60-80 charts every morning, whew!
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