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I understand. Funny how we're looking at some of the same things -- I like how you think!

I noted this too. But given my position was established under 4000, strong conditions, and I'm playing an intermediate-term long play, I'm holding. I know we can pullback with September seasonality.

Nice back test of the channel break.

I'm sure it will change a bit after this past week but part of the "craft" of using sentiment is looking at the overall picture and it's been pretty bearish. It's not a precise timing tool.

That is what I meant. Meaning, "we" can't be too bullish as traders when this is going on.

Definitely agree. This is where I was going with the "4D" analysis -- you have to be looking at the market in a way that allows you to see what really is going on.

Hard to be too bullish with this (AAII):

I was just noting that a pull-back to 4025 area isn't out of the question. @schizo -- i guess that's what I get for just putting that out there. It was just a component of my analysis (not the entire analysis) but the reason for doing it is that I have found that there are other indicators...

Well, I probably over-simplified and this was just one of other components. But keep in mind the indicators you see on the chart are NOT indicators on price action.

Just to give you a basic example, this is one of the things I was looking at this past week. By the way, the indicators you see are NOT based on S&P500, they are based on something else and I just overlay the S&P500 on this chart. But even looking at the S&P 500, you could tell that the 3900...

Sorry -- didn't mean to be so cryptic. This isn't a criticism -- just that, for me, the monthly / weekly closes that B1S2 uses is pretty much in the 2D category. That being said, from what I can tell, B1S2 is successful using them. But you're not going to catch all the turning points with...

2D analysis is your basic market analysis, most of which is publicly available. 4D analysis is where you have done enough deep work and research where you can see the market in unique ways, and being able to do that may also depend on the way a person's brain works and processes information. A...

This definitely goes back to my comment on 2D vs. 4D analysis. But the reality is that you can still make money and be a good trader with only a 2D perspective if you have great discipline. We're all going to look at the market a little differently with different approaches, time frames and...

Laissez Faire spittin' out some wisdom!

Yes -- what is known or fathomable isn't of any value. As you pointed out, this week was a clear sign that the market was no longer going down on hawkish speak from the Fed. Even in the technical space, though, most folks are analyzing the markets in 2D -- which includes most of the folks in...

Yes -- lots of charts here too. I'm staying long. Good luck!

My sources say this is a major move up.

Yes you did. Good job reading the tape. I did the same for similar reasons but also combined my read on market conditions (which are way better than the June / July lows).

Gotta love it when it comes together.

Today should be telling -- if we get follow-thru. The action of crypto is suggesting Risk-On -- let's see how we finish.