uvol and dvol are neck and neck,so for amusement while waiting for one to get stronger,the 1987 crash had 3 steps and got within 9 pts of its previous all time high before dropping to bottom of 1st step,at the moment the spx is setup in the same pattern,10 pts from its previous all time high,this pattern plays out just above never at rarely,so,for amusement only
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ES Journal - 2013
- Thread starter Trvlwanderer
- Start date
dont have nikkei data that far back but the nikkei made the 3 step pattern shortly after the dow crash,and went on to make a 4th step,it then sold off and crashed thru the bottom of the 1st step ,cant remember but i think the bottom of the 3rd step was maybe 19000, and it dropped to 10000
Quote from ammo:
uvol and dvol are neck and neck,so for amusement while waiting for one to get stronger,the 1987 crash had 3 steps and got within 9 pts of its previous all time high before dropping to bottom of 1st step,at the moment the spx is setup in the same pattern,10 pts from its previous all time high,this pattern plays out just above never at rarely,so,for amusement only
I'm with you ammo. Check out this megaphone pattern setting up. If 1650 breaks, this market has a long way to fall.
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Good time to exit longs from the weekly bullishness would be 4:14 est.