why keep looking for a top
once it is formed it should be obvious
on the daily a fall till 3165 is possible.
but that can hardly be a topping out for a 144 month bull
the S&P has to take off from here...….that is critical for the bull to continue.
if it consolidates in a range it make the market 'heavy' and the market will take a dive.
in the latter case target may 3165
the only selling is shorting
there is no delivery based selling check the delivery figures if your exchange releases them.
what it means that the institutions are not selling.
and the shorters are getting trapped because there is no follow up selling.
whoever is driving market down is not...
I left trading many times in the 13 years.
now I have a win rate of 100%
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and in scalping which is what I do that is almost an impossible achievement something I had dreamt of and worked very hard and passionately for years.
the passion is important. that is what keeps you going after...
no you are right I don't day trade.....
I hour trade.
and my win rate is 100%.
I know that is supposed to be impossible...…..but I always knew it is possible
no I do not want to prove it but.... only to point out: do not believe everything you hear even if everyone says it.
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I took me...
to be a trader you must buy low and sell high.
what is low and what is high?
it took me 13 years of trading and 1000s of financial punishments to finally realise the crime I was being punished for: selling low buying high.
it was then and only then that I found out what was low and what...
what a wonderful comment and a declaration of the Truth.
this ten year uptrend shows that each time it went to the trend line the bounce was larger.
this shows that falls were bought each time harder than before.
as a trader I have learnt by bitter bitter experience to respect strength...
remember a bull market sustenance depend on an abundant supply of bears, of which there is an embarrassment of plenty.
to say the market must fall because it has gone up, is one of the most absurd conclusions I have ever heard.
FACT: but 99 % of all time highs do not, a bear market, start.
as I already said I am not giving trading calls.
but from the FACT above what trading plan can you make? do not answer that, it is a rhetorical question
do you think a 144 month bull is going to turn on a point?
when YOU are bored think about that and think about how ,long distribution has to take place before a top is in place.
a major top.