If any of you follow Mark Fisher (he wrote the Logical Trader), an "A Down" pattern formed this morning, and a "C Up" this afternoon. Historically a rare pattern, it usually leads to a big last-hour move to the upside. Should be interesting...
"C Up" This Afternoon?
- Thread starter PoundTheRock
- Start date
Sweet! 
Good thing I held my long positions, even though at times this morning I felt like throwing up 
What is a A or C pattern ?
As for me as usual on my model the rally zone was at the local minima on my chart today @ 7774 after consolidation on scale 2 (as explained on other posts). Normally I can even predict in advance that kind of pattern before it occurs (for example the W with left leg at 7818 and the pic at 7833) I have to do a test program for finding the days to check.
<IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=209626>
As for me as usual on my model the rally zone was at the local minima on my chart today @ 7774 after consolidation on scale 2 (as explained on other posts). Normally I can even predict in advance that kind of pattern before it occurs (for example the W with left leg at 7818 and the pic at 7833) I have to do a test program for finding the days to check.
<IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=209626>
It is displayed on my site several hours in advance market's opening (I already said it it is towards 7:30 Paris or 1:30 AM New York). Sorry I don't chat when I trade I am concentrated during that phase. Except if you are a newbie chat room is not the best way to trade, that's my opinion it cannot be yours but that's opinion of many that chat room is just distractions. So I come here just for entertainment and brainstorming.
As for the rule it is disclosed and what I post today is just a school case illustrated by the guide's rule, I don't need to copy and paste each time in a chat room. For those who hasn't already seen it:
<IMG SRC="http://www.elitetrader.com/vb/attachment.php?s=&postid=209740">
As for the rule it is disclosed and what I post today is just a school case illustrated by the guide's rule, I don't need to copy and paste each time in a chat room. For those who hasn't already seen it:
<IMG SRC="http://www.elitetrader.com/vb/attachment.php?s=&postid=209740">