The ACD Method

[Shanb]

Quote from kinggyppo:

I think we could have dropped closer to 1220 may still get there I posted about 1320 way back, you know they make it hard either way unless you are Shan B, is he backing traders now?

It was the number line divergenece King...it gave it away! Into the monthly a down it lined up. Now you ready to come and get back into this market?

 

[Maverick74]

There is a rumor that Shan and I will be on Fast Money tomorrow in Chicago. Just a rumor.

 

[ammo]

Quote from Shanb:

Like I mentioned before the Lines in the Sand have been drawn. ZB 148 handle, EUR 1.26, and ES is at a key critical area that if broken will likely lead to more upside bias. One really key point is that we have reached these levels so early in the month and if we pop we could have a good move this month.

I keep a rolling numberline of XIV and for the first time in a while we got back to the 0 line. I have found that a change from negative to positive and vice versa can lead a trend change in markets.

Also everyone seems to be doubting this bounce because there is no news behind it. Many times those moves are among the strongest moves! After looking over stuff after the close I am leading more to us breaking these levels, but again they are decision areas and we will see how they react!

pretty simple compared to your analysis,but the 148 bonds is a broken res now supp,we'll see,they never reached the upper res at 153 1/2

 

[Maverick74]

Quote from ammo:

pretty simple compared to your analysis,but the 148 bonds is a broken res now supp,we'll see,they never reached the upper res at 153 1/2

I still don't know how to read that damn chart. LOL.

 

[Shanb]

Quote from Maverick74:

I still don't know how to read that damn chart. LOL.

Ditto, that looks like a gann square chart compared to mines lol

 

[ammo]

http://www.elitetrader.com/vb/showt...6934&highlight=bells+and+whistles#post3266934 a couple of attempts to explain it,the prev chart was just trendline supp/res,i watch mp along with it,the bonds are off the chart for mp at the moment

 

[ammo]

here's an example of oil not reaching tl supp but hit a nip in mp and rallied weakly today compared to the overall market and stopped at another nip, nip to nip,just another area of supp and res to watch along with your a ups/downs, trendlines,ew,fibs.

 

[Maverick74]

Gold failed at the weekly A up and blew through the weekly A down at 1600.

 

[Maverick74]

Natty gas failed weekly A up to weekly A down.

 

[Quon]

Quote from Maverick74:

Natty gas failed weekly A up to weekly A down.

Yeah, getting interesting here in the monthly OR IMO. We'll see, no position there for me yet.