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The ACD Method
- Thread starter sbrowne126
- Start date
Quote from Maverick74:
Here is my chart of that.
Damn, what a monster that was today. Almost 400 bps!
Wow guys, that is nuts!
Something I was thinking about today too. Most of the "strength" is making a small monthly OR, while many of the products that have had a tougher time, (like the XHB) are making wider OR's.
Nothing technical here, just an observation in the context of February as a time-frame.
AZO new all time highs today.
Some mean reversion trader or firm just got their ass handed to them on the close. TF/NQ spread just blew out.
Looking at my charts, how do you guys handle new weeks not coinciding with new months, etc.
For example, SINA's weekly OR was established 2 days ago, but a new month starts today, and overlaps exists.
I am guessing since monthly wins out since its a longer timeframe, and represents more of a macro S/R level.
But I guess I would be interested in hearing peoples views on overlaps. Too me, it seems like a tight weekly, and a tight monthly, is ripe for a BO.
And Perhaps any failure of a weekly A down, that happens to overlaps with a monthly A up, is bullish.
And also, any monthly and weekly OR that ARENT that close to each other, could mean the stock is "overextended" (yeah, I know Fisher has said, "how high is too high" but could mean wait until the lines readjust themselves, etc.
(For example, I am eyeballing ILMN.. huge gap a few days ago, slow drift, and tight weekly/monthly OR's.. A move either way, and people will be trapped, and a move is likely...)
For example, SINA's weekly OR was established 2 days ago, but a new month starts today, and overlaps exists.
I am guessing since monthly wins out since its a longer timeframe, and represents more of a macro S/R level.
But I guess I would be interested in hearing peoples views on overlaps. Too me, it seems like a tight weekly, and a tight monthly, is ripe for a BO.
And Perhaps any failure of a weekly A down, that happens to overlaps with a monthly A up, is bullish.
And also, any monthly and weekly OR that ARENT that close to each other, could mean the stock is "overextended" (yeah, I know Fisher has said, "how high is too high" but could mean wait until the lines readjust themselves, etc.
(For example, I am eyeballing ILMN.. huge gap a few days ago, slow drift, and tight weekly/monthly OR's.. A move either way, and people will be trapped, and a move is likely...)