S/R Emini Journal

[4re]

Quote from romik:

Oh yes, I saw it of course. I was looking at the bull flag as well, which popped yesterday at the close.

We might be forming another one on the 5 minute chart right now. I will keep an eye open for it around the open.

BTW, did you see my post in your Divergence journal?

 

[romik]

Quote from 4re:

We might be forming another one on the 5 minute chart right now. I will keep an eye open for it around the open.

BTW, did you see my post in your Divergence journal?

just replied

 

[romik]

1334 should provide support +/- a point perhaps

 

[TinGull]

Volume....

What about the HUGE amount of volume that just happened in this little selloff? It's larger than any other 5 min bar in the past few days. Is that a signal to anyone? Just curious if it would be.

 

[volente_00]

Quote from TinGull:

Volume....

What about the HUGE amount of volume that just happened in this little selloff? It's larger than any other 5 min bar in the past few days. Is that a signal to anyone? Just curious if it would be.

amateurs open a market, pros close it

 

[TinGull]

I understand that, but that kind of volume can be contributed to amateurs alone?

 

[volente_00]

Quote from TinGull:

I understand that, but that kind of volume can be contributed to amateurs alone?

pros selling into the open gap caused by amateurs

 

[sportmatt37]

according to the stock trader's almanac:

"Septmber Triple Witch has seen the Dow Down 15 of the last 25, and the 10th trading day of September Nasdaq has been down 18 of the last 22"

That day is today...

 

[TinGull]

AH!! Paradigm shift there....never thought of it like that

Thanks Volente!!

 

[volente_00]

Quote from sportmatt37:

according to the stock trader's almanac:

"Septmber Triple Witch has seen the Dow Down 15 of the last 25, and the 10th trading day of September Nasdaq has been down 18 of the last 22"

That day is today...

So 60% of the time Dow has been down, not much better odds than flipping a coin. But today I agree with it.