The ACD Method

Quote from Maverick74:

I use one hour weekly confirmations and use a full trading session for the monthly. Some people like to use just the RTH session. Some people like to use just the close. Many ways to skin a cat.

I just like to skin the cat the way you and Fish does it.

Thanks.
 
Quote from mfbreakout:

I just like to skin the cat the way you and Fish does it.

Thanks.

Well, to be fair, I have no idea how or if Fish uses those levels. Those are just my parameters.
 
Crude's looking like it wants to confirm that monthly today. Guess we'll see, but I'm not sure I see this thing turning around here...
 
Quote from Quon:

Crude's looking like it wants to confirm that monthly today. Guess we'll see, but I'm not sure I see this thing turning around here...

It looks like Fisher's straddle is doing well eh?
 
Quote from Maverick74:

It looks like Fisher's straddle is doing well eh?

Yeah, I'd say. Let's see if his prediction on 65 is spot on, (got a feeling that's the move, esp given how many ppl on the TV seem to be trying to tell me it belongs at 100...)
 
Quote from Quon:

Yeah, I'd say. Let's see if his prediction on 65 is spot on, (got a feeling that's the move, esp given how many ppl on the TV seem to be trying to tell me it belongs at 100...)

X and FCX back to their usual selves.

S up 2% though.
 
Quote from Shanb:

This Rally has brought us to some higher levels pretty quickly. I was anticipating a rally but even this surprised me.

At this point we are overbought. McClellan oscillator reaching some overbought levels. I think some digestion would have been healthy, but from here It will be tough to get through 1360 in the cash.

I'm looking for a possible test back to the Monthly adown near the 1320ish level or some type of pull in here. Lots of stocks have popped and today we had much of the very beaten names finally squeeze hard. FCX confirmed the breakout, X up 10%! Lots of people have gotten bullish, tough spot to be long here IMO.

CASH 1320 level...we are here. What do you think guys?
 
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