johnpaulca
12,036 posts
msg #120232
- Ignore johnpaulca |
5/29/2014 11:37:28 AM
we're in a new 15-min buy cycle with the trend intact...bias long until the trend is broken
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guspenskiy13
976 posts
msg #120233
- Ignore guspenskiy13 |
5/29/2014 11:38:46 AM
both indexes....new high lower RSI....idk if it matters here tho...
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guspenskiy13
976 posts
msg #120234
- Ignore guspenskiy13 |
5/29/2014 11:40:21 AM
QQQ 15 minute falling hammer...
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johnpaulca
12,036 posts
msg #120235
- Ignore johnpaulca
modified |
5/29/2014 11:43:37 AM
SPY....191.81 prices is not digested as yet...reminds me of a ruminant animal, will have to masticate these prices for a few days.
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guspenskiy13
976 posts
msg #120236
- Ignore guspenskiy13 |
5/29/2014 11:49:07 AM
it's all because apple bought beats lol
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johnpaulca
12,036 posts
msg #120237
- Ignore johnpaulca |
5/29/2014 11:52:52 AM
johnpaulca
8,439 posts
msg #120215
- Edit message 5/29/2014 9:00:10 AM
IWM....LBR is telling you the momo is down on daily. Price is at strong support ema(125). Now the question is which direction will you trade or do you sit it out and see what the market does.
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good day to sit out....this is a position.
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guspenskiy13
976 posts
msg #120238
- Ignore guspenskiy13 |
5/29/2014 12:02:13 PM
I agree... got burned too many times....by anticipating the SELL OFF...that never appeared...
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johnpaulca
12,036 posts
msg #120239
- Ignore johnpaulca |
5/29/2014 12:31:16 PM
4-min chart.....we have UVXY and SPY in the green zone, one of these has to go...which one??? which one has the momo...isn't trading fun.
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Kevin_in_GA
4,599 posts
msg #120240
- Ignore Kevin_in_GA
modified |
5/29/2014 1:19:14 PM
Georgy - stop trying to anticipate where the market will go. That may be a great strategy for Wayne Gretsky but most of us are clueless when it comes to predicting the market.
I will remind you that the VXX:SPY filter I wrote using only daily bars has had one staying long for a while now with no real evidence of an imminent reversal.
http://stockcharts.com/h-sc/ui?s=VxX:SPY&p=D&yr=1&mn=0&dy=0&id=p72249291784
Just a friendly comment in response to your recent posts describing your frustration that the market is not doing what you think it should ...
if it makes you feel any better, I am anticipating that IWM will close below 113 by the end of the day tomorrow, purely based on statistical probabilities which last week said that it had a 91% chance of closing below that threshold. I'll probably be disappointed.
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johnpaulca
12,036 posts
msg #120255
- Ignore johnpaulca |
5/30/2014 12:57:19 AM
johnpaulca
8,441 posts
msg #120220
- Ignore johnpaulca 5/29/2014 9:47:29 AM
VLO($55.96)...buy signal on daily for swing traders.
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update:
now $56.64
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