It was pension fund buying. This is the reason per The Arora Report. Yesterday morning in their morning capsule they made a call that the stock market would rally because of pending pension fund buying. The stock market rallied 1000 points after their call and on top of that this 800 point upside reversal.
So what was that reversal nuttiness today 12/27/18?
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You know what is funny? If the Aurora Report didn't see those results, they would not have posted that they did not get those results. They are another BS publication run by a person, who is a self-proclaimed scientific genius, that makes money on publishing the what-ifs, not the what-have-yous.
The news is a joke, there is NEVER tradable data coming through the news. You are late to the game often by days or weeks. "pension fund buying" has been discounted for weeks even IF that news was even real.
You need to focus on what really drives the market... and that is $$$$. Figuring out where the most transactions will probably take place (an art)...but figure that out and you know where the market is going to gravitate too... that price in which that large volume will take place is where it migrates to.
Your job is to make money from these moves, try to avoid too much pontificating on why and who.
I went long at about 3.20pm ET and caught the (almost all) of the up move from there.
If you mean the range on 12/26, I see a ~1,400 point range.
Dunno about 'hell of a great method'...the market was surging up, so i joined the wave. That wasn't hard.
The real challenge was to hold on the position and not to exit prematurely cause the profits were burning a hole in the pocket. I think I succumbed at 3.55pm ET. I was lucky enough to realise my mistake and jumped back in long a few mins later at higher prices and held for some more gains.
The real challenge was to hold on the position and not to exit prematurely cause the profits were burning a hole in the pocket. I think I succumbed at 3.55pm ET. I was lucky enough to realise my mistake and jumped back in long a few mins later at higher prices and held for some more gains.
I meant the ES range but on the Dow I see a 1200 points range and we dropped about 600 pts before the big rally...
*smacks Pekelo with a large trout* When I'm on about the YM, don't come in with a different instrument and confuse things! Hehe.
Ye whose avatar pic is a dog with a dead cat as a hat. LOL! What is with that, anyways?