Doji today. Predict tomorrow
- Thread starter 1a2b3cppp
- Start date
We're ranging. Very negative stuff out there and yet market barely sold down. We basically had an inside day and closed in the mid-range. So the boundaries are the same as today with the exception that breakouts up (or down) will likely reverse through and the direction will change. So if we break up we reverse and go down or if we go down we reverse and go up. Here's the kicker though. We are very close to a huge sell-off (one of the biggest in many years) so there is the chance that if we break lower we can sprint for the bottom. That will be a real test of the bulls if they step up to buy before we hit 1110 or so again. On the otherhand if reverse up from an initial down move we will squeeze all the old and recent shorts. Bottom line is VIX is still in the 30's and as range narrows the spring coils. It takes weeks if not a month or more for the effects of the elevated vix to recede.
Sorry for the the long winded explanation but the bottomline is we are range bound with the possibility of a squirt in either direction as the tension mounts. What are the triggers---same stuff. Economy, politics, Europe, take your pick it's all the same more or less.
Good Luck
Sorry for the the long winded explanation but the bottomline is we are range bound with the possibility of a squirt in either direction as the tension mounts. What are the triggers---same stuff. Economy, politics, Europe, take your pick it's all the same more or less.
Good Luck
Quote from 1a2b3cppp:
I can't predict, but some of you can.
Whatchu think will happen?
here's ma prediction, spent like 7 hours analyzing the chart.
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Quote from crazyAtrader:
What are your intentions for shilling for Xspurt ?
You getting a cut from the mentorships he does and offers for tens of thousands or are you simply in love with him ?
Going to go with the former
I should hope that anyone I mentor loves me for what I do for them, and especially so if I drop the price to tens of thousands as they make it up in a very short time
He's one of a handful of highly respectable traders on this site.
He also fishes for customers to mentor and notice the continuous shilling and praising of his assistant.
His altruistic methods are also baits for customers, can you benefit from the opportunity as he is searching for fishes ? Probably so, if you don't know the stuff.
....but lets not forget one thing, those that do, don't sell, and that is food for thought no matter how you slice it.
Crazy A
How's this for absolute clarity: to all those I have mentored come forward now for a complete refund of your tens of thousands regardless of how much you have made.
To all those wanting mentoring, places are full and won't be reopened, ever
Now silence in the cheap stalls please, some are trying to work!
Quote from Xspurt:
How's this for absolute clarity: to all those I have mentored come forward now for a complete refund of your tens of thousands regardless of how much you have made.
To all those wanting mentoring, places are full and won't be reopened, ever
Now silence in the cheap stalls please, some are trying to work!
That sounds much better, when you got it you got it, and there's no need for businesses on the side.
Crazy A