The ACD Method

Quote from Quon:

Nice buy off the daily A down level in LCC. Ready for takeoff? I took a little there, but I'd like to see it above the weekly/monthly today or tomorrow. Good chance it's today.
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Nope, closed this position out
 
Quote from Maverick74:

Did you catch the failed weekly A down in natty? Popped all the way to the weekly A up.
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Yeah, saw it but couldn't participate. I can only enter orders between 9:30 and 4 on my platform. My entry would have been just about 9am est if I remember correctly.
 
Despite my every attempt t tell myself not to try and get long anything, I still find myself liking this RGC. May be one to keep an eye on here, (might not do a thing on earth).
 
Quote from Shanb:

Looking at the charts of the major sectors...we have confirmed quarterlies in the all of major sectors except the reits and the homebuilders.

Everything is techincally broken and although there may be a short term bounce this market is telling us alot of things and it isn't telling us that this is over yet...going to be hard to for alot of sectors to have a meaningful move out of this WITHOUT taking some time to work off these number lines. Now that can happen in varying degrees of price and time, but everyone should take notice of this

Looking at the numberlines...especially the thirty days we have alot of weakness right now. We have fresh confirmations in a number of sectors including, QQQ, XLF, XLB, FXI, TBT, and SPY will be there unless we get a +3 on monday.
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Really weak bounce thus far...looks like we will get a test of the weekly a downs.
Thats the next level of interest.

735 in TF, 1285, and 148.14 or so in ZB!
 
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