The ACD Method

Quote from Shanb:

Ok guys, expecting a bounce in the next couple days. I am looking at ZB right now..Fresh break to new highs on an igniting bar. If ZB can take back the halfway mark of that day(147.18), we should get a bounce in the market. Really key level to watch for monday we held it to the tick on friday.

147.18's been broken. We'll see what we get in tomorrow's session...
 
Man, just going over my weekly data to prep for this coming week. I think we talked about this here, but there was some stabilization Friday in a few sectors, (XRT, XHB). But look at the mess that was VNQ last week! Quarterly A up to the Quarterly A down!

Purple - Qtr

Blue - Weekly

Red - Monthly A down
 

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Quote from Maverick74:

I'm going to make a prediction. I bet we put in a low when AAPL prints 525. It could easily do that in one or two sessions. I think that's the magic number. AAPL flushes and puts in a big reversal day and there is your bottom. Only 20 pts away.

For the record:

AAPL printed 522 last Friday.

We'll see if this holds true.
 
A blast from the past... (early May) LCC still looking good here. Nice point of reference too, right off the monthly A down, while above the quarterly A up.
 
Quote from Quon:

A blast from the past... (early May) LCC still looking good here. Nice point of reference too, right off the monthly A down, while above the quarterly A up.

Agree, that does look good!
 
Quote from Maverick74:

For the record:

AAPL printed 522 last Friday.

We'll see if this holds true.


this was a good call, Shan B was all over the reversal. Hard to say
if we hold here JPM looks interesting want to see if it gets down closer to
30.
 
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