The ACD Method

Quote from Maverick74:

Crude flirting with 97. Two dollar rally off the lows!

CL had a very wide opening range this morning (15 mins from 9:00 to 9:15). I thought to myself "if all the discussion about wide/tight OR's hold true, then the A Down is a good fade."
 
Had a confirmed A down in SPY today, now looking at making new highs, not sure if there's enough juice for a late day C, but I've seen it before...
 
IOC one of the energy names strong today. Intra-day A up and above the weekly A up. Crossing the monthly A up as I post as well. Going for the hat trick!
 
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