Search results

The bottom is almost in. Vix could spike even higher though. Panic selling as the wolves devour. If you're gonna hedge the time to do so was like a week ago not at the bottom.

Yeah good luck. As I look over the week's carnage clearly there were many shorts instituted Sunday/Monday which were covered at the 200d MA this am. Many didn't want to hold over the weekend thus lots of selling into the close. This volatility is what one often sees at bottoms. Rapid back...

That's what happened. Still I stepped aside because like I said I had no real clue. There were a few fades as price went through some stops to the downside but today's trade was up. Next week will be interesting we will probably get a retest of the 200d ma on Sunday when globex opens. We...

Me? No clue. Just watching the volume at the 200d ma clearly has elephant tracks. Who wants to hold over the weekend though. Most will have a chance Sunday night or monday to renter if they're nit in now. Point is the trend changed today at 8:45 am. Now we are ranging for the day. A...

Pretty sure we hold the 200 day MA given the confluence of events. Debt ceiling raised, 200d MA, 20 d NH oversold. My issue are these V bottoms. Hate em. Back green anyways but a hard way to make $450. Starbucks coffee slinging is better on some days.

Yeah. Big swings in my account. Currently net like 50 cents. I need to pull up Flo Ridah instead of 50 cent. Sheesh...

This thread was started 5 years ago and we are at the same price level today:eek:

I am with you. My prediction. Reverse (soon), then retest recent lows, then retest recent highs after August 31st, make new high for year around 1400 and this will likely be the high before we reverse and go substantially lower as the economy sputters and the gov't stutters. 2012?

Don't you think it's bullish short term in so far as dollars are devalued, commodities have run, the Euro is a mess so the best place is equities. No one "Buys and Holds" anymore hence the volatility at trading range edges.

20 day highs are non-confirming. This latest spike up seems like short squeeze part 2. Macroeconomically it's "Don't fight the fed." Seems like 1400 is in the cards but then lokkout below. Short -term I see no edge up or down here. Need to see what happens when we open. There were...

We moved from 1292 to the gap down at 1329 in one day!!! Big range. The high is in again at 1329. Now we need to bounce off that and 1315 for awhile then down again or so it would seem. H1329 L1315

Yesterday I had issues with the care and feeding of my trading station. Today. ES High 1315.75, Low 1304.50, close, 1311.50 (Trading range bracketed on the low and high by recent trading) We are setting up for a retest of the low at 1292 in a day or two before we ramp up through...

Blotto. Nice Hubris but the answer "I can't explain methodolgy in one paragraph..." is weak. Not that anyone really cares as this is an ego boosting site but I was intrigued by your very accurate calls this particular day. I top ticked the last few days so ho hum but my methodology is...

Thanks buddy that helps. Looks to me like 1295 and 1272 are in the cards in a week. These AH hour moves have been testing the S/R levels not so much RTH. Great vol though with great returns. Thanks again.

Ammo 1st off thanks. Secondly so I get the sideways chart thingy. If I might indulge you with a couple of questions? So the prices without volume at price eg., 1300 on ES represent Support, yes? What do you call them valleys? And nips are peaks with big volume at price?

Volatility. Yes!!! That big flag is trying to set up as a big bottom but there is a lot of uncertainty in the market. That makes for big trading ranges. ATR has bumped up to 20 day ranges in the spoos and more. We may or may not hold 1300ish for awhile. Need to see more price action here...

Wow that was fast!!! 1360 to 1300. And, of course some stellar 2 sided trading in between. Now---chartistically speaking--- there is what appears to be a BIG FLAG developing at this level which if it represents a continuation pattern which it most likely percentage wise does would mean that...

Just so you know your calls were superb today. 17.75 then, 23. Nice. Can I ask why 1323 was your upside target.

Surf's up. Good with a full moon too:D The range has been telegraphed 1319-1296. Meaty fine cheese. If shit really comes loose we'll make a stab at 1250 other wise the next levels will be 1296-1350 or 1313 to 1260.

That's what I thought. Europe is awakening. Asia's down 2% The market wants to go down