Are "they" reading this thread?
The ACD Method
- Thread starter sbrowne126
- Start date
Are "they" reading this thread?
Anyone follow KBE? You might want to. It's taking off!
Shit, EMC. Haven't followed this name in a while. Nice breakout. Thanks Joe Terranova!
Crude Oil. Nice 2 pt bounce off the weekly A down almost to the tick!
Looks like NQ will re-test the yearly A up one more time.
01-25-2012 Mid day.
I do not see bounce of weekly A down. I think weekly level you posted was 97.73. Unless I noted it down wrong, I will not call bounce almost to the tick (lol) . That's 20 ticks difference.
However, still lot of VALUE in weekly levels. I just do not know how to trade in front of oil report.
I had 2 levels 97.76 and 97.40 as support but i still missed it.
Maybe , once a level was defended, i should have gone long at 97.90 ( when it pulled back) with stop loss at 97.39 and it was too much of a wide stop while CL was reacting to news.
Joe has been talking about EMC for 6 months. Looks like EMC earnings were very good couple of days ago.
I am just amazed how ES has traded 3 points above or below OR for 25 days now.
Thanks for telling us that ES offers the most failed A down/ A ups then any other instrument.
Cover 98.64. 98.50 breaks, 98 area becomes next target and so on.
Or CL may just trade within a BOX- till THIRD FORCE shows up.
BIG BEN may turn out to be the THIRD FORCE today.
Contrary to common misconception, trading CL requires lot of PATIENCE.