We got a reaction low of 71.50 @ 8.45pm
We got a reaction high of 75.50 @12:00am
So a 9-11 short entry @ 80.50 and 82.50
and a 9-11 buy entry would be 64.50 and 66.50
Correct?
If I read the chart correctly there was a reaction high at 1281.75, so entry's at 1271.75?
Too bad I can't post during work, or else I'd be more active on these boards
Also saw that historigram divergence on the daily. Tempted to go short on a swing trade. Hope I can catch a decent entry tomorrow.
Edit: Thanks for the numbers ammo.
Congrats on the Journal B1S2 and all other regulars.
Imo this journal alone makes up for most of the froth in the trading/stocks subforums.
Mighty tempting to go short here...
I'm no expert.
Imo it goes up, but does not beat Thursday's highs. If it does it will be a very green day.
And will retrace downwards throughout the day.
I agree on the short term, I see it as a buy.
However I see (saw?) the markets doing at least one more dip before a leg up. However Friday's action has me wondering.
does "black" anything has a set definition?
It can go down 3% Monday and it wouldn't exactly be black... Volatility's up the wazoo lately.
Next week will definitely be interesting though. I'm long on ultrashort etfs.
I like your thread, will follow it more closely.
Gut feeling tells me that we'll see sideways action untill next week (OP EX), and I'm still biased towards a downward correction to ring in the new years.
But then again, I'm no market maker.