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wave, do you believe the discount rate hike is the prelude to a near fed funds rate hike? The FED statement following the rate hike clearly stated that households and businesses won't be affected. The problem I see with the above is that the FED has no control over the fed funds rate; it...

Index futures seem to have digested the rate hike pretty well. I wouldn't be surprised to see another rally today.

Tide I tip my hat at you Sir, you started a great thread and made accurate, well thought-out and timely observations right at the bottom of the biggest market correction since 1929. I believe your experience as an institutional helped you see this coming way sooner than most technical...

Pokito Yours was a great call simply because it looked like we could see more upside after that big accumulation around the bottom part of the range. I didn't trade the nasty range, but if a gun had been pointed at my head, I would have guessed UP. Your call was pretty amazing because...

Great observation. Last night while I was in bed trying to fall asleep, I was thinking about the same thing. The key here is how the adv-decl volume lines are computed. Like you said, if we gap considerably lower, all the volume will be tagged as "declining" volume as long as stocks are...

Your statement makes no sense. What's more reliable? Countertrend? :confused:

You are talking about adv-decl lines, which is something else that is not treated in here. I am referring mainly to adv-decl VOLUME LINES. In fact, I am looking for volume experts to answer my question. If you are one, then read my post more carefully.

Up

Anyone can explain how the NYSE/NASDAQ adv-decl volume was negative and plunging the whole day while eminis were building a bottom and eventually rallied into the close? How can this be? Anyone with some adv-decl volume knowledge can shed some light on how this can be possible? Bearish...

Anyone can explain how the NYSE/NASDAQ adv-decl volume were negative and plunging the whole day while eminis were building a bottom and eventually rallied into the close? How can this be? Anyone with some adv-decl volume knowledge can shed some light on how this can be possible? Bearish...

Time charts get all traders to look at the market from the same perspective. 15min, hourly, daily, weekly charts are looked at by all pros and institutional traders. Volume, tick, range-bar charts are something very subjective. Market flow and price swings are the same because it's our...

That's a weird spx hourly chart. Mine looks very different. What trading hours is that chart set on? Edit: never mind, I just figured it out. Your trading hrs are different than mine. I use regular market hours for SPX, so the day starts at 930am ET and finishes at 1600 ET, thus my...

Maybe because other central banks - unlike Bernanke and Obama - are really worried about dollar weakness and try to slow down its fall.

Daytrading has become real boring lately...I dont like to trade when eminis only go one direction...this market is so strongly skewed to the upside that it's getting ridiculous... We are trying to fix an old bubble by means of a new bubble...great strategy... I bear no interest in the...

well done. the fact that today is a trend upday makes it easier to buy around HOD doesn't it?

That gap certainly is acting like a magnete and could possibly explain why the Dow has been the leader of this last upleg.

This last post tells me you clearly don't have a clue with respect to the reversal pattern I was talking about. When you made your "call" about the correction looking more like a retracement - and you did nail the target area, so credit goes out to you for that - the reversal pattern was only...

Calling a reversal pattern or a retracement is something that belongs to technical analysis and has nothing to do with being a guru so stop your sarcasm because you are not funny at all. It didn't take a rocket scientist to see the "possible" reversal pattern in NDX/NQ; the ability is not to...

The big H&S reversal pattern on higher timeframes - 240-480min - is in danger. The Dow already recording new highs for the year. Guess those who had hopes a major correction was in the cards until last Friday must now start the waiting all over again.

totally agree w/ the above.