Recent content by Gringo

Yes. It was a comment filled with humour and irony that someone would short at the beginning of a bull market and still be holding it. It wasn't meant to be taken seriously.

Aha! Now you'll all understand why I was right to start deploying my shorts in 2009. The time has come to reap the rewards. This report is years late.

NQ Daily. Hinge. TR. 50%. All a jumble.

Price pushed upwards after the Fed rate decision. The strength seemed to be there. Yet, within the hour all gains evaporated as demand buckled fast. Supply took over around the median of the TR which happens to also be a lower trend line of the TC out of which price fell after a month or so ago...

Just waiting for traders to decide what they want to do. Perhaps it is the Fed announcement that's holding everyone in check. Once the decision it made we might get some solid movement. Intra-day seems not bad if one's prepared for a quick entry. Gringo

It seems chickens don't really end up getting the goose.

The first thing evident is that it's not easy for price to stay above 4335. Yes it went above but demand wasn't enough to keep it there. The swing low around 4341 was also taken out. We've had a first drop and if there's retracement back up towards 4350/60 area I might look into taking a dive...

Price is already outside the hinge. Whether it is resolved or not is yet to be determined. I have come to rely less on my gut to minimize gut wrenching experiences. Gringo

Price is still moving between the hinge.

I have had this with me for some time. It only looks back to the previous two bear markets. Nonetheless, might help someone make a sense of things. Of course it goes without saying that we're looking at the past and it doesn't mean the future is exactly going to behave similarly. Gringo

Market seems to have formed a hinge. It's too early to declare it to be a bona fide hinge but the signs there almost there. We'll need some resolution here before having some idea what the traders are trying to do. Gringo

Db had mentioned in another thread that the hourly is showing a hinge, which I had failed to recognize. This indicates indecision and contextualizes better what I had written above regarding the confusion about direction. The good thing is that despite not recognizing the hinge the meaning...

Price did not continue down today. The picture has become a bit muddled in my head. Perhaps a bit more up move before drop but could also be test taking place so high compared to previous climax low. I am not sure but the LOLR seems on daily to be still down. The weakness was quite great...

Price beginning to show weakening demand.

Price has rebounded to about the 50% level of around 4295 of the drop. We keep an eye on price here to see if any weakness develops. Notice also the potential R from 4335 area. There's lots of activity here so it can get dicey. The major point is to follow price. For now I am anticipating the...