Afternoon Move

[nwbprop]

Indu just broke on that last push. Now we take the ride

 

[waggie945]

Nice Buy Program!

 

[icarus618]

.

 

[SPTraders]

Someone is fibinacci'ing

 

[Cutten]

Today is clearly a trend day, so you should stay long using a stop just below each previous consolidation low, add on each new volatility breakout high, and only start booking profits if you get a major top signal (e.g. blowoff high and reversal). Current stop is 1103.00, previous one was 1099.00.

 

[Dr. Trader]

Quote from Dr. Trader:

It sounds like an intelligent play. Already 2 to 1 advancers vs. decliners. If oil breaks alittle more, things could get rolling on the upside. I'm looking at the XMI chart, and it needs to get close to 1040 today to keep the upward momentum alive.

hey waggie--another great call by the doctor!!

 

[nwbprop]

Quote from Cutten:

Today is clearly a trend day, so you should stay long using a stop just below each previous consolidation low, add on each new volatility breakout high, and only start booking profits if you get a major top signal (e.g. blowoff high and reversal). Current stop is 1103.00, previous one was 1099.00.

Agreed, just sitting here and being VERY patient with taking gains.

 

[icarus618]

Quote from nwbprop:

Agreed, just sitting here and being VERY patient with taking gains.

Exit on FTT. Could reverse and pick up a few pts, but I'm taking off early.

Fun day.

 

[Ditch]

Quote from Cutten:

Today is clearly a trend day, so you should stay long using a stop just below each previous consolidation low, add on each new volatility breakout high, and only start booking profits if you get a major top signal (e.g. blowoff high and reversal). Current stop is 1103.00, previous one was 1099.00.

Nice short setting up for tomorrow

 

[nwbprop]

Quote from Ditch:

Nice short setting up for tomorrow

Out and sidelined at 1107. Could you please explain you reasoning for a nice short setting up for tomorrow?