My call: She's going on up, not down.
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She dropped over 100 from the call for 50-100 point drop.
My call: She's going on up, not down.
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It's been said that the market falls faster than it rises, but damn, there's been some fast and violent rallies these last years too...
It does fall faster and with more violence but you have to have pin point accuracy, not the same when going long.
Do you have the data to support that?
First things first.
On what timeframe? Daily? Intraday only?
And how is a move defined?
I’m on the road now, but will take a look later tonight using my own database across various metrics to see if I can dig up some numbers.
Major move upwards coming over the next several weeks according to Bollinger Band contraction on the daily chart and the fact that we are in an uptrend on weekly and monthly. As always, I protect myself so that losses are not too much if/when wrong.
240 though looks pretty good for upside and the squeeze already happened---Yes daily BB squezzy in the works, but the 240 isnt there yet, todays action is a flection of just that, maybe overnight will steel the move up we so desire today?
Let's be honest though----it's not picking direction that is the edge in trading----it's the management of risk that separates the most successful from all the others.240 though looks pretty good for upside and the squeeze already happened---
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My call: She's going on up, not down.
View attachment 247061
Yesterday to me indicated a bounce forthcoming but it turned out to be a damp squib, SPX down 0.2%.She dropped over 100 from the call for 50-100 point drop.
Yesterday to me indicated a bounc