Recognizing Reversals from the Top/Highs

[murray t turtle]

So where is the market going from here, based on that chart?

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Let see, O night,TSLA+ QQQ= DOWN froM last weeks close ;
QQQ = above 50 dma+ above 200 dma, past 52 weeks, 50/200dma sloping up past 52 weeks+ 104 weeks.
All data= QQQ monthly candles going mostly up, by most measures + PSAR = another buy; TSLA is still being slammed by polar bears + deserves every down tick LOL. 4th quarter + 1st quarter tech tends to be strong UP[Stock Traders Almanac] NOT a prediction TurnarouNd tues favors an uptrend= QQQ

 

[murray t turtle]

While most financial advisers hate them, I think those insurance products (universal life, etc.) where you get the market's return capped around 15%...with no losing years (0% return in down years) probably beat almost all of the current hedge funds and CTAs. Same idea--almost the same return as the market with greatly reduced drawdowns. The devil is in the details, though...you have to really minimize expenses when you buy them.

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Insurance Companies tend to be real good with profit off risk+ that IS good for all;
+ good reason why most hate that product. And there are MANY ways they do that; exclude most guns, gold, silver ,silverware, silver coins, drunk drivers, punks, cash, hi crime areas LOL,

 

[Overnight]

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Let see, O night,TSLA+ QQQ= DOWN froM last weeks close ;
QQQ = above 50 dma+ above 200 dma, past 52 weeks, 50/200dma sloping up past 52 weeks+ 104 weeks.
All data= QQQ monthly candles going mostly up, by most measures + PSAR = another buy; TSLA is still being slammed by polar bears + deserves every down tick LOL. 4th quarter + 1st quarter tech tends to be strong UP[Stock Traders Almanac] NOT a prediction TurnarouNd tues favors an uptrend= QQQ

You are late to the party. You replied to my query over 24 hours from my posted question.

So the question remains, but with a new timestamp...

Where is the market going from here, not from yesterday?

 

[murray t turtle]

You are late to the party. You replied to my query over 24 hours from my posted question.

So the question remains, but with a new timestamp...

Where is the market going from here, not from yesterday?

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Exactly;
i reserve the right to reply 50 or 200 days later-not late- Overnite. NOT many or any times do i reply real time/5 minutes.Hint =its a bull market /SPY,QQQ,you know,. QQQ >>+ 22% YTD [TSLA is downTrending in most all time frames; minus - 31% YTD]

 

[murray t turtle]

I also think all these would-be day traders on ET should look long and hard at Crabel's diminishing performance. The guy is a living legend, with huge amounts of money for research and execution (he has billions in AUM), and he's not making 5-10% monthly like so many here aspire or claim to do.

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I liked his book title= Opening Range Breakout;+ never bought the book. BUT longer term SPY,QQQ goes up from open range break out....................................................................................................