Biggest hammer evAr today

hammar or no hammar, damage has been done for the short term, Unless we see a 3-4 day run up fast enuf starting monday, this hammar is meaning less. DOW ended up as many analysts suggested to jump in dividend paying blue-chips... nonetheless... when other indexes will bleed - so will DOW>
 

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Quote from 1a2b3cppp:

How did you use those trendlines in real time to make trading decisions?
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When a green channel ends, a red one follows, and vice versa. So, from around July 25th you're looking for a red channel to form, and you're taking only short trades.
 
Quote from baro-san:

When a green channel ends, a red one follows, and vice versa. So, from around July 25th you're looking for a red channel to form, and you're taking only short trades.
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You have two red channels in a row in that pic. Were you wrong with those longs?
 
Quote from 1a2b3cppp:

You have two red channels in a row in that pic. Were you wrong with those longs?
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Think a little by yourself before asking for more information.
 
I know that any trading methodology that says "when X happens you're looking for longs" is not going to be any more profitable than random chance in the long run.
 
Quote from 1a2b3cppp:

I know that any trading methodology that says "when X happens you're looking for longs" is not going to be any more profitable than random chance in the long run.
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That's why there's more to profitable trading than just a trade method because entry/exit signals is just one chapter in the book.

Mark
 
Quote from pattern39:

As has been posted elsewhere by yours truly...

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Guys... I had confused a spinning top for a doji earlier. This time, it's for REAL!!!

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Quote from Lojanica:

Well I can tell you 1057 is a target in the spus. I do not know when but I do know that 1057 is in the cards before May 2012. The "New Low" was bought hard today. We'll see what happens around here. I doubt a runaway to the upside this time though. It would seem that we hang here and then rally the end of August but that that when we fall next time we hit the target.

Just guessing.......
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I can't believe just a couple days after posting this we are hitting this target. I may have to calculate my next target lower. But for now this should stick. AH the market is imploding.....
 
Quote from Lojanica:

I can't believe just a couple days after posting this we are hitting this target. I may have to calculate my next target lower. But for now this should stick. AH the market is imploding.....
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The markets are in a full tailspin mode.

I am thinking maybe I should short tomorrow at the open.
 
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