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Are you still short Ammo?

On that boobs and retraces image, you really get the impression of the market devouring itself... at some point everyone will be shaken out or tested. Very efficient.

Thanks for all this info Ammo, much appreciated. Not sure I understand everything your talking about. But I will go over the charts in more detail tomorrow. Sounds like you think we might be at a top here?? How many cars do you start with and how many do you add along the way? Many Thanks

Lovely, thanks for that. How long have you been profitable with this method?

Could you explain how you reduce size at the pullbacks? Is that at a loss? Sounds like you are always in once you enter? Thanks for your time, I wont hassle you again for a while.

Thanks Ammo. That must take a lot of skill and nerves considering the market had mostly risen over the past 5 years. Do you find it easier in a bear or bull market?

I'm hand charting this at the moment, looks like buyers and sellers are in equilibrium. It has formed an almost perfect round and pert boob on my chart. A very small sag to the down side if anything.

Short only? No Longs?

stop is dependent on the market,see what happens , i'm not a scalper , if this area doesnt hold then the 53 5-57 and 59-60 cash is next stop if i see it heading there,will cover and not take the ride, wait to short there Great, good stuff. So statistically it must reverse more often than it...

Thanks, do you always look for reversals or do you ever play the breakouts?

And were at 50% retrace, so we should expect some wiggling here.

Thanks Ammo. I see, so you look for confluence. In theory the further it heads up toward the nip the tougher it gets.?

Interesting, are you averaging in to that short (48-50) or short at 48.5 ? Edit: And where would your stop be at 54? Thanks

To whom is all this money owed. And why cant we just have a debt jubilee?

But I thought you said it started on July 25th.

Great, thanks for the input Ammo, I'll practice using MP by hand for a while and when I get comfortable with it I will start looking for possible setups and areas to do business. Appreciate your time. I may post the occasional and questions if that is OK?

So you have the dailies, going back say a week and then the yearly for more context? And you reckon getting a handle on this will be better served by hand drawing the charts for a while?

Ammo, on your charts. Are you using time at price or volume at price?

OK, I'll push all the prices to the left in future. Thanks