The ACD Method

Quote from kinggyppo:

and what should i conclude from that?:)

King lets give it a few weeks...either we are above the 148 handle or below. I say there is a very high probability that we are below. I think we could go into the technical targets at 142-143 in the next month!
 
Quote from Shanb:

King lets give it a few weeks...either we are above the 148 handle or below. I say there is a very high probability that we are below. I think we could go into the technical targets at 142-143 in the next month!

I agree 143 is a good target if the pattern plays, es will be trading much higher obviously.
 
Quote from Shanb:

King, what you seeing in those bonds?!

Funny, I was looking at the right shoulder there as the H&S, thinking, huh, there's a little H&S there. Thanks for exposing the bigger picture here Shan!
 
Feels a little like the market has a hangover today... Something odd, SBUX failed it's A down, but coffee is actually up today. Given how SBUX is doing I would have figured something would have to be helping it out.

Also, XRT looks better than others here too. While most ran for the A down out of the OR today, XRT ran for the A up.
 
Quote from Maverick74:

Gold doing nicely here. The weekly levels are 1591.50 and 1551.70.

Yeah, just missed this one, but GLD set up the best today out of everything I'm seeing. Somewhat surprised by this given the recent action there.
 
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