Charts of Note

[Wide Tailz]

ES Flag / HS situation.

:eek:

 

[Daring]

Outcome of flags are random.

A bear flag is no more bearish than a bull flag and vice versa.

 

[Wide Tailz]

Quote from Daring:

Outcome of flags are random.

A bear flag is no more bearish than a bull flag and vice versa.

Thanks. I had no idea what it meant, but the huge puke triggered one of my algos to go short.

 

[nillionaire]

Sitting right on this trendline.

 

[darkhorse]

Quote from Daring:

Outcome of flags are random.

A bear flag is no more bearish than a bull flag and vice versa.

This is a completely worthless, and to a large degree thoughtless, observation.

A flag in a random situation is random, because, being a random situation, there is no knowledge as to whether complimentary factors are confirming or disconfirming. A flag within the context of a confluence of confirming market signals, on the other hand, is a whole other matter entirely.

 

[darkhorse]

When all four rise simultaneously, bad moon rising

Via http://www.mercenarytrader.com/2012/11/the-four-horsemen-ride-again/

 

[Wide Tailz]

Aapl showing respect to 50 sma weekly. Opportunity?

 

[cdcaveman]

That's a bar close below.. how's that respect

 

[Wide Tailz]

Check the daily....... one more green candle and it's on.

 

[cdcaveman]

Quote from Wide Tailz:

Check the daily....... one more green candle and it's on.

Larger time frames have more weight... and sideways action will result in a similar assumption ... bear flag forming could be as well