Retrace - decreasing black volume in a down channel. Note the YM volume right now.
- Spydertrader
A Public Apology To Jack Hershey
- Thread starter arealpissedgoy
- Start date
Retrace - decreasing black volume in a down channel. Note the YM volume right now.
- Spydertrader
Listen to the markets Orchestra. It's always trying to tell you something important. Watch the channels, they're your friends. They keep you from reacting too soon.
Expecting a grind into the close?
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Expecting a grind into the close?
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Don't hold your breath. The market rarely makes an intraday bottom on a simple low. It likes to wave a bear flag first. Not saying it can't happen...
Now what? Where do we go from here?
Listen to the tape and follow your friend.
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This is not posted in hindsight. Not 1 day later. Not 1 week later. This is realtime. If I can do it, why can't you?
Thank you Jack! God Bless!
Listen to the tape and follow your friend.
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This is not posted in hindsight. Not 1 day later. Not 1 week later. This is realtime. If I can do it, why can't you?
Thank you Jack! God Bless!
I wish I were sitting in your office. I'd bet you a Franklin on a retrace down to an inverted head and shoulders.
You gonna' email him the benjamin now?
- Spydertrader
Ain't heard the fat lady sing yet. Still looks like a bear flag to me.
I see. Price went two full points higher on the ES from his chart position, but you weren't wrong with your 'market headed lower' call. Thanks for clearing that up.
- Spydertrader
What I said was that it wasn't clear at the time it was the low of the day because we hadn't seen an H&S or worse yet. I don't trade ES, but it had a double top at 3:00PM ET and one of your precious volume peaks set off a short alarm at 3:15. Market ain't closed yet.