2:00 reversal, bets which way?
15 min might bounce off of 20ma.
15 min might bounce off of 20ma.
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S/R Emini Journal
- Thread starter 4re
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any specs on the top?
1370?
1370?
Quote from brightstone:
any specs on the top?
1370?
The top will come in when there is more sellers than buyers.
No one knows what the number will be and I don't know why anyone would care.
As a trader, all that should matter to you is that there are more buyers than sellers, so every pull-back, flag, sideways, etc should be bought.
Could the top be today, next week, next month, next year?
Yea, but it really doesn't matter.
All that matters to me is that I am on the right side of the market and my account balance is increasing.
I'll leave the top picking to the Robert Prechters of the world who make their money selling predictions, not by trading.
Quote from DonKee:
The top will come in when there is more sellers than buyers.
No one knows what the number will be and I don't know why anyone would care.
As a trader, all that should matter to you is that there are more buyers than sellers, so every pull-back, flag, sideways, etc should be bought.
Could the top be today, next week, next month, next year?
Yea, but it really doesn't matter.
All that matters to me is that I am on the right side of the market and my account balance is increasing.
I'll leave the top picking to the Robert Prechters of the world who make their money selling predictions, not by trading.
I think he meant today's top
Good for you Donkee,
intrested in areas of resistance and what is out there. Probably no one would suggest that you are a preacher by your comments......
any suggestions on support and resistance?
intrested in areas of resistance and what is out there. Probably no one would suggest that you are a preacher by your comments......
any suggestions on support and resistance?
Quote from DonKee:
The top will come in when there is more sellers than buyers.
No one knows what the number will be and I don't know why anyone would care.
As a trader, all that should matter to you is that there are more buyers than sellers, so every pull-back, flag, sideways, etc should be bought.
Could the top be today, next week, next month, next year?
Yea, but it really doesn't matter.
All that matters to me is that I am on the right side of the market and my account balance is increasing.
I'll leave the top picking to the Robert Prechters of the world who make their money selling predictions, not by trading.
Quote from apex82:
Expecting a big trendy move tomorrow, especially in the er2. Hold on to your runners for bigger profits. Do not try to call a bottom or top tomorrow.. you will be runover. These days only happen about 4 to 7 times a month and cut through SR levels. Trade with the move and thank me later for this info.
Anyone make some money off of my call? Pretty dang trendy if ya ask me, big range expansion.. pat myself on the back. Now if only I would have stuck to my plan...
Quote from brightstone:
intrested in areas of resistance and what is out there. any suggestions on support and resistance?
Resistance implys that price has traded there before and there would be sellers who would like to sell if we hit that price again.
Since the DJII is at a new high, there will be no resistance until there is a pull-back and a failed test of the high.
SPX old high is 1552
RUT old high is 785
NDX old high from Jan 2006 is 1762
Might we top out before then? Of course we might, but rarely is a top formed as a V shape (upside down) in stock indexes. Most are of them are of the M form.
So, don't look for a big time high until we make a high, pull-back, and re-test.
Thank you
Quote from DonKee:
Resistance implys that price has traded there before and there would be sellers who would like to sell if we hit that price again.
Since the DJII is at a new high, there will be no resistance until there is a pull-back and a failed test of the high.
SPX old high is 1552
RUT old high is 785
NDX old high from Jan 2006 is 1762
Might we top out before then? Of course we might, but rarely is a top formed as a V shape in stock indexes. Most are of the M form.
So, don't look for a big time high until we make a high, pull-back, and re-test.
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