Quote from kleck:
I would take a quick profit. I don't think the market character is going to ghange before labor day. Meaning just a lot of CCCing. I will attempt to slolom today in what will probably be a small range. I should have reversed on my exit and caught a couple of points going down. But that move won't last long or go very deep either.
Okay. I want to be critical here.
CCC occurs as we know it does. you must relax and use a tool here. Do Pro rata volume on the 5min. here is the reason why.
your preflight syas what you said. the CCC is ingrained in the last cople of days.
We are in midweek as well, though. I balanced
Two thoughts and did not post a waffle.
I am going to go deeper here and let you all recognize that you are trhinking these things. You think them and they do not hold your attention as yet because of limited experience just because you have not been at it long enough. That takes care of itself.
I am very proud of the level of everyone's knowledge and sustained efforts.
You have three volume levels. The pro rata tells you whether CCC is possible. we are going to see the market wake up from the summer. Plays will be made. Volume precedes the playaction in price. The VDU is the precursor of a volume BO before the volatility and trend sets in.
Here is today. we are in leg 6 of the ES03U amd the leg is about 15 points wide and started on the 5th as first pointed out by Magna. Since I have a photographic memory and reas 1,400 words per minute, you must not think of me as being difficult to get in synch with. I am a "quick study" type person and I can remember spactial stuff forever. I am a support system. Also I did not miss any questions on my first educationally based IQ test. THis simply means people have high expectations of me and I fulfill those expectations. This may seem like a bunch of digressions but I am just raising the bar here. No nonsense has been promulgating incorrect maths in areas I am formally trained. He is not going to continue that. trend fader on 15 occasions has tried to milk people out of personal trading stuff that do not want to share. On page 10L (I print twp page up to handle my reading fixationwidth.) trend Fader said he would not share his methodologies. I have gleened and classified them. He has asked in a sharing context 9 people to share with him the taks he needs done to fiure out stuff. Both of these people are going to be mulch. I am going to raise my stature here as I have done everywhere I have been invited to work. I have never worked in a place that I have not been invited to. The basis for the invitations that I have recieved all my life is the simple and straight fact that I am competent and I contribute beyond the expectations of those whith whom I am associated.
toady the market is showing volume.
We are in a narrow IT leg and we are traversing the leg every time voume hsow up.
No surprises.
We know the day is in three parts. the volume defines the parts.
This is crystal clear.
You had three bars to hit synch. You had low volume on the third bar. trend fader told bronks in his first savable post in ET when you can explain to 10 six years olds what a chart looks like, you then have an idea that is useful to you that you personally can use.
This is not how the world works.
You get synch and the volume tells you what is up. the three bar dip said "bracket" on a synch following a gap up.
You see pro rata the volume picking up in 30 seconds of the fourth bar following an "inside" bar. if you use tight bracket based on the prior three bars you are cool.
In terms of formations you have a dip forming a pennant. You absolutely know you are going to be making money.
More than one point every five minutes.
If you see the black bar on the VDU, you sense two things: the gap is not going to retrace and the price is going to move with any volume at all.
I am spacing stuff here so each independant thing sinks in. the white gap lets you pause mentally to get the next comment.
VDU Volume follow on pro rata act take the trade. you will be scared shitless when I talk ahead of the market.
magna's left trend line was hit by the price hit the reverse button right on that line or just before it.
you know damn well the volume will not sustain a BO out of that IT channel.
I will continue this during the day . I also have lessons to give to many others here.
i am training you to be millionaires. The pussies here who approach me from this point on with pussy AGM's are going to get it between the eyes from an intellectual and pervasive thorough fact based review of their failure to perform in this venue.
My full Colo adjunct at the WH was adjunct to the commander of the Pacific fleet. His motto was "Reconnisance with power". I tuaght him how to leave his jump suit home and wear a pin stripped suit. He taught me how to deal with pussies. my academic motto is "knowledge and thoroughness" My motto at the WH was "grace under pressure". there's not going to be any pressure here, though.
