Care to amend, walter?
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Dow will go down
- Thread starter Walther
- Start date
Care to amend, walter?
Quote from Fast_Trader:
Walther, how do you come up with this analysis? I mean, if it works out on Monday, good for you and thanks for posting ahead of time. I'm just curious what you base these predictions off of.
Thanks man!
-Fast
I take past 2 hours of price action and treat it as a separate entity. Then I use TA to see If price is overbought , like on Friday IMO, and then I try to find where reversal might occur. You can use any cycle method, triangles are the simplest one IMO. 9:50 is my time for Monday, but because of capture of Sadaam it might reverse later so I will use 9:50 price level as a selling level instead( if there is a big gap on opening ).
To make it clear for everybody, Sell 9:50 -55 price level .
Nice day for fishing , have a fun .
Thanks,
Walter
Based on my years of experience, I anticipate the DOW will go down, too. I also anticipate the DOW will go up at a different time than when it goes down. But in order to protect my trading methods, I cannot disclose specific times or point movements to others.
Good Trading!
Cash
Good Trading!
Cash
Quote from Walther:
I take past 2 hours of price action and treat it as a separate entity. Then I use TA to see If price is overbought , like on Friday IMO, and then I try to find where reversal might occur. You can use any cycle method, triangles are the simplest one IMO. 9:50 is my time for Monday, but because of capture of Sadaam it might reverse later so I will use 9:50 price level as a selling level instead( if there is a big gap on opening ).
To make it clear for everybody, Sell 9:50 -55 price level .
Nice day for fishing , have a fun .
Thanks,
Walter
low for the day on dow at 9:50am of 10,102.
I bought at that time. thanks! You have a fun!
Quote from Walther:
1 min chart shows 9:49 as a minor top and there was a couple points to be made on downside.
Reason for this post was to show that pure TA works even if used in unorthodox way .
the INDU RALLIED at 9:50 according to my 1 minute, 2 minute charts. Are you on crack? How can you afford crack and not your own website?
The market rallied at 9:50, what worked? The only thing that worked was everyones opinion of you.